Fifth Third Really Simple Credit Card Review

GOBanking Rates Score

Quick take: Fifth Third Bank’s Truly Simple credit card gives you 18 months interest-free to pay off those high-interest balances.

How did we calculate this?


  • 0% APR on balance transfers for 18 months
  • 0% APR on purchases for 18 months
  • Interest rate from 14.99% to 25.99% APR
  • No annual fee
  • Mastercard Identity Theft Protection
  • Zero liability for unauthorized purchases

The inconvenients

  • No sign-up bonus
  • No cash back

Fifth Third Really Simple Credit Card Overview

Fifth Third Bank’s Truly Simple Credit Card is, as advertised, a simple credit card suitable for everyday purchases. There are no bells and whistles, like cash back or travel rewards points, but the introductory APR of 0% for 18 months makes it attractive for both new purchases and newcomers. balance transfers.

Main characteristics

Here’s how the Truly Simple credit card ranks in four key areas.

Annual fees

The Truly Simple credit card has no annual fee.

The balance transfer fee is $5 or 4% of the transfer amount, whichever is greater, which is a bit higher than many cards. There is also an international transaction fee of 3% of each transaction, a cash advance fee of the greater of $10 or 5% of the advance amount, and a convenience check fee of the greater of $5 or 4% of the check amount. Late fees can reach $40.

Duration of the APR introductory period for purchases

This card has an 18-month introductory rate of 0% APR, so you won’t pay any interest on purchases or balance transfers for the first year and a half you have the card.

The regular interest rate on the Truly Simple credit card ranges from 14.99% to 25.99% APY, depending on your creditworthiness. That’s less than many major credit cards, especially if you qualify for the lower rate.

Duration of APR Introductory Period for Balance Transfers

When shopping for a credit card to transfer your high interest rate balances, there are a few things you need to consider. One is the interest rate, where this card excels. It has an introductory rate of 18 months for balance transfers. If you still have a balance after the introductory period, the regular interest rate can be between 14.99% and 25.99% APR. The card’s intro APR and starting APR are both good deals.

The third factor, which is often overlooked, is the balance transfer fee. The Truly Simple card charges a 4% balance transfer fee, with a $5 minimum. So if you transfer a balance of $1,000, you will pay $40 to do so. Some cards have lower balance transfer fees during the introductory period, so do the math on which transfer(s) you plan to make and see which card is best for you.


The Truly Simple credit card is available to anyone who qualifies. You do not need to be a Fifth Third Bank customer to apply, but you will need to visit a branch or call if you are not already a customer.

How the Really Simple Fifth Third Credit Card Stands Out

This is a great card for you if you have balances on high interest cards that you want to pay off. Transfer your high interest card balance to your Truly Simple card and take 18 months to pay it off. You will pay no interest during this year and a half, which will give you plenty of time to pay off the entire balance.

Even if you keep a balance after the introductory period ends, it won’t be as bad as with some cards. The regular interest rate of 14.99% to 25.99% APR is quite reasonable.

Comparable Balance Transfer Credit Card Options

To help you decide if the Truly Simple credit card is the best option for you, here’s a rundown of other cards you might consider.

Citi Simplicity® Card

The Citi Simplicity Card offers an introductory APR of 0% for 21 months, but once that introductory period is over, you’ll pay anywhere between APR. You will pay a balance transfer fee of up to 3% or $5 for transfers made within the first four months of owning the card, and after that you will pay a fee of up to 5% or 5 $.

The Citi Simplicity Card does not offer rewards.

Find out Cash Back Credit Card

The Discover it Cash Back card offers 0% APR on balance transfers for 15 months. After that you will pay APR. During the introductory period, the balance transfer fee is 3%, and after that it is 5%. This card has no annual fee.

You get 5% cash back on up to $1,500 in daily purchases across different categories if you activate them quarterly, plus 1% cash back on everything else. And Discover is the cashback you earn in the first year.

How to Apply for the Fifth Third Credit Card Truly Simple

If you are a Fifth Third customer, you can apply for the Truly Simple credit card online. If you are not a customer, you will need to visit a branch or call Fifth Third to apply.

Who is the Truly Simple Fifth Third Credit Card for?

The Truly Simple credit card is ideal for people who have a balance on a high interest rate card and want to pay it off.

Final grip

Get the Truly Simple credit card to get rid of those high interest rate balances you can’t anticipate. But here’s a tip: make sure you don’t rack up more fees. Once these balances are paid off, continue to pay your card monthly. Keep in mind that you won’t get cash back or reward points.


Here are some questions consumers like you have about the Truly Simple credit card.

  • Does the Fifth Third Truly Simple credit card offer cash back?
    • The Fifth Third Bank Truly Simple credit card does not offer cash back or other rewards.
  • How do I pay my Fifth Third credit card bill?
    • You can pay your credit card bill through the Fifth Third mobile app. You can set up an automatic payment for a certain amount, the minimum payment or the full balance, and it will automatically debit your checking account for your payment. Alternatively, you can mail a check or deposit one at a Fifth Third branch.

Rates are subject to change; unless otherwise specified, prices are updated periodically. All other account information is accurate as of October 3, 2022.

Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.

About Shirley L. Kreger

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