Citi - Simplicity Credit Card
The Citi Simplicity Credit Card has an introductory interest rate of 0% p.a. on balance transfers and purchases for 6 months. After this time, the interest rate on purchases will revert to 22.49% p.a. and for balance transfers, it will revert to 22.99% p.a. There is also a yearly fee of $0 and up to 44 days interest-free on purchases.
An annual fee of $0.
Annual Fee
$0 per year
Balance Transfer
0% for 6 months reverts to 22.99% p.a.
0% BT fee applies.
0% BT fee applies.
Purchase Rate
0% for 6 months reverts to 22.49% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$2,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$0
per year
Late Payment Fee
$0
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
0% for 6 months
reverts to 22.49% p.a.
Cash Advance Rate
22.99% p.a.
Balance Transfer
Balance Transfer
0% for 6 months
reverts to 22.99% p.a.
0% BT fee applies.
0% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
0%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The target market for the Product is individuals who:
- are seeking a line of credit facility for everyday spending that has no annual fee and to make use of complimentary insurances
- meet eligibility criteria and serviceability requirements for the Product
- are unlikely to hold substantial balances for prolonged periods except to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Citi to view Target Market Determination Effective From: 2024-09-30.
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