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Our verdict

This no annual fee credit card offers 0% interest on purchases and balance transfers for 6 months, with higher rates after that.

As the name suggests, the Citi Simplicity offers simple credit card features and an ongoing $0 annual fee. The current 0% interest rate offer on this card gives you 6 months to make purchases interest-free and/or to pay off an existing balance you transfer to the card. While there's no balance transfer fee, keep in mind this is one of the shortest balance transfer offers on the market. And a higher 22.24% p.a. interest rate applies to any remaining balance transfer after the introductory period.

Beyond basic credit card features, the Citi Simplicity also offers a handful of modest benefits. These include complimentary purchase protection insurance and extended warranty insurance, personalised cashback offers through the Citi app and seasonal shopping deals through Mastercard Priceless Cities.

Pros

Ongoing $0 annual fee
0% p.a. on purchases and balance transfers for 6 months
No late payment fees

Cons

21.49% p.a. purchase rate after the introductory period
22.24% p.a. rate for balance transfers after the introductory period
3.4% foreign transaction fee

The Citi Simplicity gives you a way to save on your credit card costs, with a $0 annual fee, no late fees and 0% p.a. on purchases and balance transfers for 6 months. You can also add it to your digital wallet with Apple Pay, Google Pay or Samsung Pay.

Details

Product details

Product Name	Citi Simplicity Card
Balance transfer rate p.a.	0% for 6 months, then 22.24%
Balance transfer limit	80% of available limit
Purchase rate p.a.	0% for 6 months, then 21.49%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	22.24%
Min credit limit	$2,000
Max credit limit	$100,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Minimum income	$35,000
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$0
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

On 1 June 2022, Citi's consumer banking business was acquired by NAB. Citi credit cards are still available for application and will have the Citi brand. However, the contract for these cards is now with NAB.

How to apply

You can apply for the Citi Simplicity Card online in around 10 minutes. To get started, check that you meet the eligibility criteria and have the details and documents you'll need to complete Citi's secure online application.

Eligibility criteria

Income. You must receive a regular income and provide payslips or other documentation that shows your income.
Residency. Permanent Australian residents and citizens can apply for this card.

Eligible balance transfer debt. You can transfer balances from credit cards, store cards and personal loans not issued under the Citi brand, up to 80% of your credit limit.
Age. Applicants must be at least 18 years of age.

Required documents

Personal details. This includes your full name, residential address, email address and phone number. You also need to provide proof of identification, such as your Australian driver's licence, passport or Medicare details.
Employment. You'll need to provide details about your occupation, income time spent at your current job and your employer's contact details and address.
Financial details. This includes any other forms of income and assets, as well as existing debts and regular household spending.
Balance transfer debt. If you're requesting a balance transfer, you'll need to provide details about the account/s and the amount you want to transfer.

Card benefits

$0 annual fee. The Citi Simplicity Card doesn't charge an annual fee ever. It also allows you to add up to 4 additional cardholders at no cost, although you'll be the only one responsible for managing the account (as the primary cardholder).
Purchase rate offer. You'll pay 0% p.a. interest on new purchases for the first 6 months. At the end of the introductory period, a 21.49% p.a. variable interest rate applies to purchases.

Balance transfer offer. You can get 0% p.a. interest on balance transfers for 6 months, with no balance transfer fee. After the introductory period, any remaining balance transfer debt will attract a 22.24% variable rate.
Luxury Escapes discount. Until 1 March 2025, you can get 10% off (up to $250) on Limited Time LUX Exclusive hotel offers when you pay with your Citi card through the Luxury Escapes website or app and use the promo code CITI10.
Complimentary insurance. The Citi Simplicity Card offers complimentary extended warranty insurance and purchase protection insurance for eligible items bought with your card. As with any insurance, make sure you read the policy document available on the Citi website for full details.
Mastercard benefits. With Mastercard Priceless Cities, you’ll get access to exclusive entertainment, dining, travel and other lifestyle experiences in more than 40 cities around the world.
Mobile payments. You can add the Citi Simplicity Card to your digital wallet account with Apple Pay, Google Pay or Samsung Pay to shop straight from your mobile phone or device.

Rates & fees

Purchase rate. Outside of any promotions, the Citi Simplicity has a 21.49% p.a. variable purchase rate. This is higher than the average standard credit card interest rate, which is 20.07% according to Reserve Bank of Australia data.
Interest-free days. If you pay your statement in full (including any balance transfer amount) by the due date, you'll get up to 55 interest-free days on purchases made with this card.

Cash advances. A 22.24% p.a. variable interest rate applies when you withdraw cash or use the Citi Simplicity for any other type of cash advance transactions. Cash advances in Australia also attract a fee worth 3.5% of the transaction ($3.50 minimum). And overseas cash advances attract a 3.5% fee.
Minimum repayment. You'll need to pay a minimum amount of 2% or $30 of the closing balance, whichever is greater, or, the sum of 1% of the balance by the due date on your statement.
Foreign transaction fee. A fee worth 3.4% of the transaction amount applies when you make purchases overseas or online in a foreign currency.

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Amy Finder

Editor

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Lee

July 08, 2023

We are aged pensioners and trying to find a way to pay off a $40000 debt. Interest is killing us. Is there an Interest free account that we can do multiple balance transfers of all our debts too and only pay one interest amount for a period of 12-18 months.

Elizabeth Barry Finder

July 13, 2023

Hi Lee,

Thanks for your question.

Please note I am not able to give personal advice on your situation. It may be helpful to get in touch with the National Debt Helpline on 1800 007 007 as they can advise you on the various options you have available and which products you may be eligible for.

You can also find some helpful resources on the Government’s Money Smart website here.

I hope this helps,

Elizabeth

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Paul roast

June 15, 2023

I have a Citi world Mastercard which is now not valid apparently!! Could you advise which is the best option to apply for a new card similar to my existing

Amy Bradney-George Finder

June 15, 2023

Hi Paul,

If you had the Emirates Citi World Mastercard, which was taken off the market and phased out for existing customers on or before 30 May 2023, you could compare other credit cards that offer Emirates Skywards Miles on Finder. If you had a different card, or want a new card with Citi, you can compare the current range of Citi credit cards on Finder. You can also contact Citi through your account or by calling the Citi customer service team on 13 24 84. I hope that helps.

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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

May Finder

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

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John

November 13, 2017

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

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

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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

Anndy Lou Finder

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

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Citi Simplicity Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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