Moneymax Reviews: Keeping it Simple with a Citi Simplicity Card

Published: July 1, 2020 | Updated: October 1, 2020 | Posted by: Ricky Publico | Credit Card

Citi Simplicity Card Review: How to Make Shopping Simple

You’ll never forget your first credit card. It’s the first taste of financial freedom, after all. No need to pay cash whenever you’re out. Just swipe away and boom, your needs are met. That’s why it’s important to keep the search for your first credit card hassle-free. You can’t just take whatever’s nearest. Sometimes, things just need to be simple.

Enter Citi Simplicity Card. Your friends and colleagues have probably recommended this card to you countless times. Because whether it’s your first time applying for one or you just need an extra card that’s easy to acquire, this little card that will not disappoint. Need more proof? Check out this Citi Simplicity Card review.

Citi Simplicity Card Terms and Conditions

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Getting to know your credit card is one important step in choosing one, and this includes studying its terms and conditions. Check out Citi Simplicity Card’s key features below.

Citi Simplicity Card Features

  • Annual fee: No annual fees for life!
  • Interest rate: 3.50%
  • Minimum monthly income requirement:
    • PHP 15,000 (for existing credit cardholders)
    • PHP 20,833.33 (for new cardholders)
  • Cash advance fee: PHP 500 per withdrawal or 3% of amount
  • Monthly minimum due: PHP 500 or 1% of amount due
  • Late payment fee: None
  • Overlimit fee: None
  • Foreigh transaction fee: 3.525% of amount
  • Card replacement fee: PHP 400

Read more: 8 Credit Cards with Easy Application Requirements

Why Should I Apply for a Citi Simplicity Card?

citi simplicity card review - no annual fees

Notice anything different from Citi Simplicity Card’s key features? Don’t worry, your eyes aren’t deceiving you: there really is no annual fee for owning a Citi Simplicity Card. For a card that promises simplicity, waiving the annual fee certainly does the trick.

And that’s not all: the Citi Simplicity Card won’t charge you late payment fees, too. It’s a convenient feature in the new normal, where the economic situation doesn’t allow most of us to pay our bills on time. You don’t have to worry about additional charges for trying to get by.

The Citi Simplicity Card also has no overlimit fees, mainly because your transaction will be cancelled once you reach your credit limit. You don’t need to worry about your credit card debt snowballing into a bigger amount. It’s a good feature to prevent overspending.

Read more: Cashback vs Rewards Credit Cards: Which Should You Get?

What Perks Can I Enjoy with My Citi Simplicity Card?

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Here comes the fun part: credit card perks! Don’t think you won’t get any perks from a Citi Simplicity Card just because it’s a more affordable credit card.

For starters, Citi Simplicity Card rewards you for paying your credit card bills on time. Get 10% cashback on interest charges when you pay your minimum due on or before the due date. Being responsible with your finances really does pay well.

Owning a Citibank credit card also means getting exclusive access to promos across Citibank’s partner establishments in over 90 countries. Get up to 50% discounted deals on dining, hotel, and airlines here and abroad.

For big-ticket purchases worth PHP 3,000 and above, you can choose a Citi PayLite[1] installment plan. Divide your payment to either 3, 6, 9, 12, 18, and 24 monthly installments with 0% interest and pay for utility bills, medical expenses, and tuition fees the simple way.

And to help streamline all your credit card transactions, you can download the Citi Mobile App[2]. From there, you can check and settle your credit card balance, manage your credit card settings, apply for installment plans, and other credit card-related activities.

Planning to apply for a Citi Simplicity Card? Here’s a quick review of its key features.

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Read more: Applying for a Rewards Credit Card? Read This First

Citi Simplicity Card Alternatives

citi simplicity card review - credit card alternatives

As your first credit card, the Citi Simplicity Card won’t disappoint. But of course, you’re free to explore other options out there. For instance, if you want a more rewarding Citibank credit card, apply for a Citi Rewards Card.

If you want more perks from a credit card, then consider applying for a UnionBank Classic Visa. It comes with free life insurance of up to PHP 400,000 and a robust rewards program that earns you one (1) rewards point for every PHP 35 spend.

If you’re more into online shopping, check out the Security Bank Classic Rewards Mastercard. It earns you one (1) rewards point for every PHP 20 spend and it comes with eSecure, a feature that sets limits on online shopping.

If you want more freedom with your credit card payments, then the AUB Easy Mastercard is your best bet. It lets you choose when you want to pay and how often you can pay your minimum due. Plus, it has no annual fees for life as well.

Read more: 10 Credit Cards for First-Time Applicants

Final Thoughts

In today’s complicated way of living, there’s nothing wrong with making things simple, especially when it comes to your finances. Hopefully, this Citi Simplicity Card review helped you decide what you want for a credit card. Stay tuned for more Moneymax Reviews!

Read more: Citi Credit Card Application: An Easy 5-Step Guide

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DISCLAIMER: Moneymax strives to keep its article information accurate and up to date. The information you read may be different from what you see when you visit a partner, provider, or financial institution’s website. All information we publish is presented without warranty and may change overtime. If you find discrepancies or outdated information, please contact Moneymax directly.

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