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Bank of America® Cash Rewards credit card vs Citi Simplicity® Card

One is a rewards credit card, but has more fees.

Megan Horner
Megan Horner

Updated

Fact checked
The information about Citi Simplicity® Card has been collected independently by Finder and and has not been reviewed or provided by the issuer.
Please note: Citi is an advertising partner of finder.com

These two cards are different in many aspects. For example, the Bank of America® Cash Rewards credit card comes with accelerated cash back on a category you choose, at grocery stores and wholesale clubs, and it comes with a solid welcome offer. The Citi Simplicity® Card, on the other hand, has no rewards program, no welcome offer, but it has no late payment fees. It also comes with longer intro APR periods on balance transfers and purchases. Both cards have a $0 annual fee.

All other differences between these cards are outlined in the table below.

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

Rates & Fees

Citi Simplicity® Card

Citi Simplicity® Card

Rates & Fees
finder.com's rating
finder.com's rating

★★★★★

4.6 / 5.0

★★★★★

4.4 / 5.0
Best for
Best for
  • Best for flexibility of cashback categories
  • Long intro APR periods and few fees
Welcome offer
Welcome offer

$200 after spending $1,000 in the first 90 days

N/A
Rewards
Rewards

3% cash back on a chosen category and 2% at grocery stores and wholesale clubs for the first $2,500 each quarter combined, then 1% after that and on everything else

N/A
Purchase APR
Purchase APR

0% intro APR for 15 statement closing dates, and then 13.99% to 23.99% variable

0% intro APR for 18 months, and then 14.74% to 24.74% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR

0% intro APR for 15 statement closing dates, then 13.99% to 23.99% variable

0% intro APR for 18 months, then 14.74% to 24.74% variable
Cash advance
Cash advance

APR: 16.99% to 26.99% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 3% of each transaction 3% of each transaction
Late payment fee
Late payment fee Up to $40 $0
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 25 days 23 days
Minimum interest
Minimum interest $1.50 $0.50
Minimum credit score
Minimum credit score 720 670
Card type
Card type Credit Credit
Learn more
Learn more

Which card should you choose?

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

  • $0 annual fee
  • Earn up to 3% cash back on purchases
  • Intro APR on purchases and balance transfers for the first 15 statement closing dates

Citi Simplicity® Card

Citi Simplicity® Card

  • Intro APR period on balance transfers. For transfers made within the first 4 months of your account opening, get a 0% intro APR period for 18 months. After that, your rate will be from 14.74% to 24.74% variable.
  • Intro APR period on purchases. You also get a 0% intro APR period on all purchases made within the first 18 months of card membership. A variable APR of 14.74% to 24.74% applies thereafter.
  • No penalty APR and no late fees. Don’t worry if you make a late payment — you won’t pay any fee for being late and you won’t accrue a penalty APR, which is known to be up to 32% with other cards.

Compare credit cards

Name Product Purchase APR Balance transfer APR Annual fee Filter values
Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
0% intro for the first 18 months (then 14.74% to 24.74% variable)
0% intro for the first 18 months (then 14.74% to 24.74% variable)
$0
Long 18 months intro APR periods on purchases and balance transfers. Plus Citi Entertainment℠ for deals on dining and going out.
Apply now
View details
Chase Freedom Unlimited®
Chase Freedom Unlimited®
0% intro for the first 15 months (then 14.99% to 23.74% variable)
14.99% to 23.74% variable
$0
Earn a $200 signup bonus after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
Apply now
View details
Citi® Double Cash Card
Citi® Double Cash Card
13.99% to 23.99% variable
0% intro for the first 18 months (then 13.99% to 23.99% variable)
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
Apply now
View details
Citi Rewards+℠ Card
Citi Rewards+℠ Card
0% intro for the first 15 months (then 13.49% to 23.49% variable)
0% intro for the first 15 months (then 13.49% to 23.49% variable)
$0
Earn rewards and enjoy a long intro APR period on purchases and balance transfers.
Apply now
View details
TD Cash Credit Card
TD Cash Credit Card
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
$0
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
Apply now
View details
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Compare up to 4 providers

Name Product Annual fee Balance transfer APR Purchase APR Filter values
Chase Freedom Unlimited®
Chase Freedom Unlimited®
$0
14.99% to 23.74% variable
0% intro for the first 15 months (then 14.99% to 23.74% variable)
Earn a $200 signup bonus after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
Apply now
View details
Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
$0
0% intro for the first 18 months (then 14.74% to 24.74% variable)
0% intro for the first 18 months (then 14.74% to 24.74% variable)
Long 18 months intro APR periods on purchases and balance transfers. Plus Citi Entertainment℠ for deals on dining and going out.
Apply now
View details
Citi® Double Cash Card
Citi® Double Cash Card
$0
0% intro for the first 18 months (then 13.99% to 23.99% variable)
13.99% to 23.99% variable
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
Apply now
View details
Citi Rewards+℠ Card
Citi Rewards+℠ Card
$0
0% intro for the first 15 months (then 13.49% to 23.49% variable)
0% intro for the first 15 months (then 13.49% to 23.49% variable)
Get rewards on gas and groceries with no annual fee. Ideal for everyday use, it's the only card that rounds purchases up to the nearest 10 points.
Apply now
View details
Petal® Visa® Credit Card
Petal® Visa® Credit Card
$0
N/A
12.99% to 29.49% variable
Build your credit with rewards and no fees: Apply if you're new to credit or have a fair to good score.
Apply now
View details
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Compare up to 4 providers

Compare American Express credit cards

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