The Truly Simple from Fifth Third Bank Credit Card could help you save a lot on interest. But there are a few “ifs” involved. Truly Simple is only available for Fifth Third customers with an eligible checking or savings account. You also need good or excellent credit to be eligible. And it’s best if don’t have much (if any) credit card debt yet. The Truly Simple Card doesn’t charge an annual fee and offers 0% introductory APRs on both purchases and balance transfers for the first
18 months. But it does charge a
4% (min $5) balance transfer fee, which means it’s better suited to avoiding interest on big-ticket purchases than reducing the cost of existing debt.
Truly Simple could be a good choice in the right situation. You don’t want to use the same credit card for making everyday purchases and carrying a balance from month to month. Doing so just raises the cost of your debt and decreases your chances of getting the best terms on both types of transactions. So the fact that Fifth Third Truly Simple doesn’t offer rewards isn’t too big of a deal. Below, you can learn a bit more.
Truly Simple Card Review Highlights: - 0% for 18 months – This applies to new purchases and balance transfers. The average cards with reduced intro rates give you 0% for about 11 months on purchases and 13 months on transfers, according to WalletHub’s research.
- No Annual Fee – This saves you $22.29 per year versus the average credit card offer.
- 4% (min $5) Transfer Fee – The average balance transfer fee is 3.1%, and many credit cards with no balance transfer fee are available.
- No Rewards – This isn’t unusual for a 0% credit card, but it’s important to be aware of before you apply.
- Only Available to Fifth Third Bank Customers – You can get the Truly Simple Card from Fifth Third Bank if you have an eligible checking or savings account.
Finally, don’t forget about the Truly Simple Card’s credit requirement. You can see whether you have the good or excellent credit needed to qualify by
checking your latest credit score for free on WalletHub.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.