How to Apply for a Citi Simplicity Credit Card

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If you’re serious about getting your financial health on track, the Citi Simplicity Credit Card can help. This card allows you to transfer balances to the Simplicity card at a rate of 0.99% for the first 12 months. On top of that you are never charged late payment fees no matter how many times you are late.

Now before you get super excited, you should know that although there are no late payment fees, there are definitely interest fees. So, if you want to clear up your debt with this card or another one, you need an attack plan. Before you apply for a card, sit down and make a list of all your debt and then your income. Figure out exactly how long it is going to take you for you to pay it all down.

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Make sure you also decide whether or not you’re going to start spending on the cards that you clear up. Just a forewarning, if you don’t make a plan ahead of time, you might get into even more debt after your balance transfers. Our editors have investigated the pluses and minuses of the Citi Simplicity Credit Card and the details have been compiled below. Read though everything before you decide whethr or not to apply.

Citi Simplicity+ Card
Citi Simplicity+ Credit Card. Image source: citibank.com.ph

What are the Benefits of the Citi Simplicity Credit Card?

For once, you can get rewarded for doing the right thing. If you pay the minimum due on or before your due date, you can be assured that you get 10% interest back. Unlike leading credit cards out there that require you to pay an annual fee, the Simplicity card doesn’t have that, which means more money in your wallet.

The Citi Simplicity Credit Card allows you to transfer balances at a pretty low rate. Of course, don’t forget that no late fee doesn’t equate to no interest. You will still be charged interest on your balance, just no late fee on top of that.

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Having this credit card also gives you a great number of discounts from selected establishments here in the Philippines and also in over 90 other countries. And if you need to make a major purchase and can’t pay it back there is the Citi PayLite Installment Plan. This plan allows you to pay back in installments of 3, 6, 9 months or even longer.

Additionally, the Citi Simplicity Credit card uses the latest in advanced technology to ensure your card is secure. There is also a 24-hour hotline you can call in case you see any suspicious activity on your card.

What are the Fees of the Citi Simplicity Credit Card?

This card might be simple to use, but it also comes with fees. Anytime you borrow money, you must pay something for its use. Below is a breadown of important numbers you need to know pertaining to Citi Simplicity Credit Card.

  • Annual Fee – None
  • Interest Rate – 3.50%
  • Cash Advance Fee – PHP 500 or 3% of cash of amount, whichever is higher
  • Monthly Late Payment Fee – None

If you want to learn more about eligibility and applying, read below.

Citi Simplicity Credit Card

How to Apply for a Citi Simplicity Credit Card

For you to be qualified for a Citi Simplicity+ Credit Card, you need to be at least 21 years old and have at least a minimum income of PHP 180,000 per year. You may apply for the card at the Citi website.

It is required that you have other important documents with you (such as proof of income and government-issued IDs) just in case they might ask for more information. Once your application is approved, your credit limit will be based on your monthly or annual income, as well as other important factors such as creditworthiness.

As we get busier due to our many obligations, it will reach the point that we need a credit card for complete effortless cashless shopping. With the Citi Simplicity card, you can shop stress free as the card is widely accepted in a lot of establishments locally and abroad.

Beyond the shopping, you can utilize this card to bring your credit health back up to far. Having the ability to transfer your balance for free for the first four months can help you out. If you don’t make that transfer within the first four months, you will have to pay 5% on that balance transfer. If you’ve got a big transfer that can amount to a big chunk of change. So if you are applying for this card for the balance transfer feautre, make sure you handle your business right away.

 

How to Contact CitiBank

Head office

Citi Plaza 34th Street, Bonifacio Global City, Taguig, 1634.

Telephone: (632) 8995-9999.

Note: It is important to take note that there are risks involved when applying for and using a credit card. For more information, check the bank’s Terms and Conditions page.

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