Cameron DiGiovanni, Writer
@cdigiovanni20
No, the Citi Simplicity® Card does not have late fees, no matter how many times cardholders miss their due date. Instead of charging a fee, Citibank will simply add the past-due amount to your next minimum payment.
You’ll eventually need to pay off your Citi Simplicity Card balance. If you keep putting it off, you’ll not only decrease your available credit, but you’ll also owe a lot of extra money in interest. Also, your credit score will take a hit if you continue to neglect your minimum payments.
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Does Citibank charge late fees?
Yes, Citibank does charge late fees when cardholders don’t make the minimum payment by the due date. To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
If you accidentally pay less than the minimum required payment or you miss your Citibank credit card due date entirely, you...
read full answer by Chip Lupo, Credit Card WriterWhen does Citibank report to credit bureaus?
Citibank reports to the credit bureaus once each month, within days after the end of your monthly billing period. Citibank reports a credit card’s credit limit, account balance, payment history, and more to TransUnion, Equifax, and Experian.
After Citibank reports your account information to the credit bureaus each month, it may take a few days before the updates appear on your credit report. When you first open a new Citibank credit card, you may...
read full answer by Chip Lupo, Credit Card WriterWhat is the Citibank credit card grace period?
The Citibank credit card grace period is at least 23 days from the close of each billing cycle until the payment due date. So, if cardholders pay their Citi credit card statement balance in full every month, they will not be charged any interest. The due date is included on the monthly statement, along with the minimum payment due.
Citibank Credit Card Grace Period Details
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