City simplicity and city diamonds are desirable

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City is an advertising partner.

The CitiSimplicity® Card* and Citi® Diamond Preferred® Card cannot offer rewards or attractive perks, but are the top two Balance Transfer Card It’s on the market thanks to the very long introduction Zero-in Test offer.

Although simplicity and diamond tastes are similar, there are a few differences to note. Here’s what you need to know when comparing City simplicity and City Diamond’s favorite cards to suit your debt wage needs:

Main details

City simplicity and city diamonds’ favorite highlights

City Simplicity and City Diamond’s Priority Cards are mainly Balance Transfer Credit Cardtherefore, the highlight is not a reward or a welcome offer. There is no significant distinction between these two cards except for the ongoing variable APR, slow payment policy, and the benefits of attached cards.

To get started, see how the two cards compare with Intro’s APR, fees, and more.

Which card is best for balanced transfer?

As mentioned before, the main draw for both of these cards is them Industry-leading 0% APR An intro offer regarding balance transfer. So which card is better? Let’s take a look at which cards are best for your current situation and take an example.

Examples of City Simplicity and City Diamond Priority Balance Transfer

Both cards offer the same long 0% Introduction APR for 21 months with balanced transfers made within the first four months of account opening (18.24%-28.99% (variable) APR for simplicity 17.24%-27.99% (variable) APR after diamonds are given priority). When you complete your transfer in the first four months and take into account the balance transfer fees, here is how much you will pay for a $4,000 balance transfer to any of these cards:

• City Simplicity: Over 21 months, $4,120, or more than $196 per month ($120 + 3% balance transfer fee of $120 = $4,120)
• City Diamond is preferred: Pay $4,200 for 21 months or $200 per month ($4,000 + 5% balance transfer fee = $4,200).

Now, let’s say life gets in the way and you missed out on paying.

If you have the simplicity of the city, you can also pay late payment fees. Penalty APR. However, if you still want to pay back your balance, you will need to increase your monthly payments. End of 0% APR period.

However, if City Diamond is prioritized, City may apply for a postponed fee of up to $41. But even more importantly, Citi may also decide to end its implementation period and apply a penalty APR of up to 29.99% instead.

Let’s say you missed your payment three months later. So my balance at the time was $3,600. Using Bankrates Credit Card Payoff Calculatorand assuming a penalty APR of 29.99%, it will take 25 months to clear your balance. This means that if you continue to pay $200 a month, your interest will be $1,242.

Therefore, Diamond Preferred can save a little money due to a 3% balance transfer fee when compared to Simplicity’s 5% fee, but that’s only if you don’t miss a payment. If you have the opportunity to kick in to a Diamond Preferred penalty APR, you may cancel the savings you have from the balance transfer fee with interest you have to pay.

Why do we need to get the simplicity of city?

City’s Simplicity includes an industry-leading introductory balance transfer offer with no annual fees. Here are some reasons to consider adding this card to your wallet:

Why do you prefer city diamonds?

City Diamond’s Priority Cards may not earn rewards, but they come with some great perks for cardholders. In addition to the exceptional adoption rates for balance transfers, here are other reasons to consider choosing City Diamond:

Conclusion

Citi Simplicity and Citi Diamond Preferred are similar, but the difference between them may be enough to push a single card in your favor.

If you want to access shopping transactions and social experiences with Balance Transfer Card, Diamond is your favorite card. No matter what, if it’s more important to avoid penalty APRs and late fees, go with ease.

However, please consider the list of bank rates before making a decision and applying Best Balance Transfer Credit Card At today’s market. You never know if another option is better suited to your needs.

*Information about Citi® Simplicity Cards is collected independently by Bankrate.com. Card details have not been reviewed or approved by the card issuer.