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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.
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.
Summary of card features
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
- 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.
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