Citigroup is offering surprisingly decent terms on a new credit card, dubbed “Simplicity.” Launched in late July, the Citi plastic promises no interest on purchases or balance transfers for 18 months, no annual fee, and no late fees “EVER” (all caps!).
The only catch is there is no rewards program and after the introductory period card users will face interest rates that aren’t appreciably lower than those on other cards—between 13 percent and 22 percent.
