Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Citibank's Simplicity new card waives late fees or does it?

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October 22, 2005

Citibank's Simplicity new card waives late fees or does it?

City bank introduced new credit card called Citi Simplicity Card. What is so simple about it? Well, there are no annual fee and no late fees. The late fee that normally runs up to $39, is no longer applied. The only caveat, you must continue using the credit card, that simple. Does that mean that you can be late and stay that way? Only if you don't mind paying interest rates as high as 29 percent. That I guess is another form of late fees.

More on the Citibank's not that simple Simplicity credit card

Posted in Credit Cards at October 22, 2005 02:50 PM

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