The Citi Simplicity® Card - No Late Fees Ever is a good option for paying down debt without interest, but beyond the 0% introductory APR period, it may not provide much long-term value. After that period, you could explore switching your account to a different Citi card.
Best Balance Transfer Credit Cards
The Citi Simplicity card is designed for users with excellent credit (a credit score of 740-850) so you'll want to ensure you meet those qualifications before you apply. Additionally, balance transfer approvals are awarded separately from a card account, based on your credit limit.
How to initiate a balance transfer on a Citi credit card
Your Citi Simplicity® Card - No Late Fees Ever credit limit will be at least $500 - if you get approved. That's the minimum limit listed in the card's terms and conditions, but your maximum credit line could be as high as $100,000.
The easiest Citi card to get is the Citi® Secured Mastercard® because it is the only one that will accept applicants with limited history credit history. This card requires a $200 refundable security deposit but has a $0 annual fee. It also helps build credit history with monthly reporting to the credit bureaus.
Balance transfers won't hurt your credit score directly, but applying for a new card could affect your credit in both good and bad ways. As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move in the long-term.
One of the best credit cards with no balance transfer fee for short-term balance transfers is the Arvest Bank Purchasing Credit Card because it has a balance transfer fee of $0 and offers an introductory APR of 0% for 6 months on balance transfers. The Arvest Bank Purchasing Credit Card also has a $0 annual fee.
Best Easy Approval Balance Transfer Credit Cards
Unlike Chase, which has a similar 5/24 rule (only five new accounts in the last 24 months), Citi's limits on new cards only apply to other Citi cards.
What score model was used to calculate my score? Your FICO® Score is calculated based on data from Equifax using the FICO® Bankcard Score 8 model and is the same score we use, among other information, to manage your account. This model has a FICO® Score range from 250 through 900.
Citi may also offer an automatic credit limit increase if its regular reviews of the account show a history of on-time payments and low debt. Periodic reviews typically start after the account has been open for about six months. ... And when Citi offers an automatic credit limit increase, they will always use a soft pull.
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