Citi Simplicity Card

Last updated:  

Save with a $0 annual fee for life and enjoy a 0% p.a. interest rate on balance transfers for up to 6 months with no balance transfer fee.

The Citi Simplicity offers low-cost access to credit with Citi benefits and modest perks. The card offers a $0 annual fee for life and has no late fees. You can consolidate existing credit card or loan debt with a 0% p.a. interest rate on balance transfers for up to 6 months.

0% p.a.

Balance transfer rate

for 6 months

21.49% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

Details

Product NameCiti Simplicity Card
Balance transfer rate0% p.a. for 6 months
Balance Transfer Revert RateCash Advance Rate (22.24% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)21.49% p.a.
Annual fee$0 p.a.
Interest Free Period55 days
Cash Advance Rate22.24% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Save with a $0 annual fee for life.
  • Take advantage of the 0% p.a. for 6 months balance transfer offer, with no BT fee.
  • Get free bottles of wine with the Citibank Dining Program.
  • No late payment fees.

Cons

  • At the end of the balance transfer period, any remaining unpaid balances will revert to the variable cash advance rate, currently at 22.24% p.a.
Annual fee$0 p.a.
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$0
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Cash Advance Fee3.5%
Overseas Cash Advance Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders4

How to apply

If you would like to apply for this card, please complete and submit the secure online application. Before applying you will need to ensure that you meet the following criteria.

Eligibility criteria

  • You have to be at least 18 years old
  • You earn a minimum income of $35,000

Card benefits

  • $0 annual fee. You won’t pay an annual fee for the life of the card and you can add up to 4 additional cardholders at no cost.
  • Balance transfer offer. You can consolidate your debt with this card's 0% p.a. for 6 months balance transfer offer with no balance transfer fee. After the promotional period, any remaining balances will be charged interest at the cash advance rate. You can transfer up to 80% of your approved credit limit from credit cards, store cards or personal loan debt not issued by Citi.

Rates & fees

  • Interest rate. This card charges an interest rate of 21.49% p.a. on purchases and 22.24% p.a. on cash advances.
  • Interest-free days. Benefit from up to 55 days interest-free on purchases. This is only available if you've paid your statement in full and do not have a remaining balance from a balance transfer.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

164 Comments

  1. Default Gravatar
    Barry
    December 11, 2017

    I want to transfer my ANZ Platinum card to your $ pa ever card

    I am Retired.. Current manipulating assets to provide a irrevocable pension to sit alongside the STD pension..

    That will take about 6-8mos whilst I finish building a car and sell the other 2

    • AvatarStaff
      May
      December 19, 2017

      Hi Barry,

      Thank you for your inquiry.

      Are you pertaining to this Citi Simplicity Card? If so, you might need to contact Citibank directly to confirm if you’re eligible to apply since you’re retired. With this card, you’re required to have an income of more than $35,000 a year. If in case you’re eligible to apply, you would also need to submit a letter from Centrelink showing your name and the permanent government pension amount, your three most recent bank statements showing proof of regular payments, your annual superannuation statement, which includes an indexed pension amount, or your most recent self-managed superannuation tax return (must be less than 15 months old).

      Moreover, please note that with credit card balance transfers, you have to go through the card application and meet the eligibility requirements. If you’re approved for the card, your BT will also be approved. The amount you can also transfer should not exceed your approved credit limit. For this Citi Simplicity Card, you can transfer debts from other cards up to 80% of your available credit limit.

      Hope this information helps.

      Cheers,
      May

  2. Default Gravatar
    John
    November 13, 2017

    Hi, can you have two card holders on the same account example as husband and wife?

    • Default Gravatar
      Jonathan
      November 13, 2017

      Hi John,

      Thank you for your inquiry.

      Please be advised that credit card accounts are established based on any one person’s income and financial details. Usually, due to the nature of risk and lending, it will not be possible to open a joint credit card. There are only selected card issuers that may allow you to do so.

      Should you wish to pursue applying for this card, your alternative is to add supplementary cardholder(s) once approved.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    Nick
    October 23, 2017

    First time to use a credit card. What facilities are available to pay what’s owing on the credit card. Can I do a direct transfer from my savings account

    • AvatarStaff
      Dee
      October 23, 2017

      Hi Nick,

      Thanks for your question.

      There are different ways on how you can pay your credit card bill on time:

      Internet banking – you can link your credit card, transaction account or savings account using Internet banking.

      Autopay – most banks also allow you to download and complete an autopayments form to debit funds from a nominated transaction account.

      BPAY – After logging into your Internet banking account, look for the “Make BPAY payment” section. Enter your credit card number, the BPAY biller code and how much you want to pay.

      At a branch – Make a cash or cheque payment in person at a branch.

      By post. You can send a cheque in the mail to the address listed on your credit card statement. This is a lengthy process and there’s a chance you’ll incur late payment fees if your cheque doesn’t clear in time.

      I hope this helps.

      Cheers,
      Anndy

  4. Default Gravatar
    Alan
    September 4, 2017

    Will I get $50 cashback (the maximum) if I make a purchase of $700? Or is the cashback only for purchases that are less than $500?
    Thanks.

    • Default Gravatar
      Jonathan
      September 4, 2017

      Hello Alan,

      Thank you for your question.

      As per Terms on the Citi website, it says that:

      1. The 10% cash back will be earned on all eligible purchases, made in Australia and internationally, up to $500 spend each month for the first 4 months from account approval (promotional period).

      Hope this helps.

      Cheers,
      Jonathan

    • Default Gravatar
      Claire
      September 5, 2017

      So is that a yes or no to the question?
      He asked if a spend over $500 gets cashback.

      My question. Are rates and rego eligible for cashback? The wording in the terms and conditions are different to your new rewards cards terms.

    • AvatarStaff
      May
      September 5, 2017

      Hi Claire,

      Thank you for your inquiry.

      The answer to Alan’s question above is “yes” as stated in the T&Cs, the 10% cash back will be earned on all eligible purchases up to $500. Since he’s spending reached $700, he can only earn $50 cash back from that. Although the $50 is the maximum cash back per month up to a total of $200 over the 4 month promotional period.

      As for your second question, although I’m not sure what you meant by “rates and rego”, the eligible purchase is defined by Citibank as:

      “Any Retail Purchase which is made by the use of a Card or any other means permitted by Citi, excluding (but not limited to) transactions by way of Cash Advances, Balance Transfers, Special Promotions, fees, BPAY payments, purchases of foreign currency and travellers cheques, foreign exchange and ATM/ Bank charges, interest charges, finance charges, government charges, payments to the Australian Taxation Office, insurance charges, payments to Citi loan accounts (mortgage etc.), purchases in excess of limits on the Account, transactions made in operating a business and if the Account is more than $10,000 in credit only, all other transactions.”

      Hope this helps.

      Cheers,
      May

  5. Default Gravatar
    varun
    August 21, 2017

    hi , the 10% cash back on eligible purchases. what does it mean, please advise me where i can use this card for the eligible purchases to get 10 percent back

    • AvatarStaff
      Harold
      August 21, 2017

      Hi Varun,

      Thank you for your inquiry.

      The 10% cash back will be earned on all eligible purchases, made in Australia and internationally, up to $500 spend each month for the first 4 months from account approval (promotional period). Maximum cash back that can be awarded is $50 per month up to a total of $200 over the 4 month promotional period.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    Paul
    August 6, 2017

    Hi, Is there an extra fee for paying the balance at the Post Office ?

    • AvatarStaff
      Dee
      August 6, 2017

      Hi Paul,

      Thanks for your question.

      There is $2.50 fee per payment made at Australia Post outlets by cash, cheque or EFTPOS.

      Cheers,
      Anndy

  7. Default Gravatar
    Christine
    May 2, 2017

    What is the method of payment I can use to pay my monthly debt with no charges

    • AvatarStaff
      Dee
      May 3, 2017

      Hi Christine,

      Thanks for your question.

      There are different ways on how you can repay your monthly credit card debt:

      1. Funds Transfer
      You can make a funds transfer from a linked Citi account through online or phone banking.
      If you have an account from another bank, you may also elect to make BPAY Payment from your nominated account to your Citi account. Simply enter the following information:
      Citi Biller Code is 49502
      Your 16-digit Citi Credit Card number

      2. By mailing a cheque
      You can send your repayment by enclosing your completed Remittance Advice provided with your monthly statement and mail with your cheque to
      Citibank
      GPO Box 5427
      Sydney NSW 2001
      You should make your cheque payable to your Citi account number and specify your account type

      3. Other options which include Australia Post and BPAY.

      As long as you pay your balance on time, you won’t incur unnecessary charges.

      If you want further clarification on your repayment options, you may want to contact Citi directly.

      Cheers,
      Anndy

  8. Default Gravatar
    Tracey
    April 12, 2017

    Can we have 2 cards linked with this visa please?

    • AvatarStaff
      Harold
      April 12, 2017

      Hi Tracey,

      Thank you for your inquiry.

      Unfortunately, that is not possible but you can always double check if you can request for an extra card. In line with this, you may want to consider this options.

      I hope this information has helped.

      Cheers,
      Harold

  9. Default Gravatar
    Frank
    October 21, 2016

    My current Citi Rewards Visa card covers me for travel insurance. Does the Citi Simplicity card cover travel insurance?

    • AvatarStaff
      Jason
      October 21, 2016

      Hi Frank.

      Thank you for your inquiry.

      The Citi Simplicity Card offers transit accident insurance but not international travel or interstate flight inconvenience insurance like other Citibank credit cards. You can check out this link for more information and the coverage of the said insurance policy.

      Cheers,
      Jason

  10. Default Gravatar
    Peter
    June 20, 2016

    If I am in credit on my Citi Simplicity Card and draw cash from the card, do I pay the $5 cash advance fee overseas.

    • AvatarStaff
      May
      June 21, 2016

      Hi Peter,

      Thanks for your question.

      Please note, that if you withdraw funds from your credit card overseas, even if the account is in credit or debit, the cash advance fee of $5 will still apply, however, Citibank will not charge your cash advance interest for withdrawing the credit amount.

      Cheers,
      May

Ask a question
Go to site