Citi® Diamond Preferred® Card

Our review of the Citi® Diamond Preferred® Card

The Citi® Diamond Preferred® Card is a standout choice for those looking for lengthy introductory APR offers on both purchases and balance transfers. With no annual fee, this card from Citi offers up to 21 months of 0% APR and more.

Who Can Benefit from the Diamond Preferred Card?

While the Citi® Diamond Preferred® Card and the Citi Simplicity® Card may seem identical, there is a subtle difference. The Diamond Preferred features a regular APR that is one percentage point lower than the Simplicity. This slight variation makes the Citi® Diamond Preferred® Card the perfect choice for those planning to carry a balance, especially for those transferring a significant balance to their new account.

Introductory APR Offers

If you have a good credit score and are looking to transfer a balance to a card with lower interest payments, the Citi® Diamond Preferred® Card is a reliable option. This card offers two attractive introductory rate offers:

• 0% intro APR for 21 months on balance transfers
• 0% intro APR for 12 months on purchases

The generous 0% APR period of 12 months on purchases allows ample time to make interest-free payments, making it an excellent choice for larger purchases that require multiple installments.

The card also boasts a 21-month intro APR period on balance transfers, making it one of the top balance transfer credit cards on the market. To take advantage of this offer, the transfer must be completed within four months of account opening and incurs a balance transfer fee of $5 or 5% of the transfer amount, whichever is greater.

Once the introductory periods end, you can expect a competitive everyday rate based on your creditworthiness and the Prime Rate.

Citi® Benefits

In addition to its impressive introductory offers, the Diamond Preferred Card comes with a range of valuable Citi features and protections, including:

• Citi Entertainment: Exclusive access to events and ticket presales
• Citi Lost Wallet: Emergency card replacement and cash in case of loss or theft
• Citi Identity Theft Solutions: Comprehensive support in case of identity theft

Cardholders can also choose a monthly payment due date that suits their schedule, along with other features like $0 Fraud Liability, Virtual Account numbers, FICO Score Access, and more.

Comparison

When compared to other offers, the Citi Diamond Preferred stands out with its 21-month introductory 0% APR on balance transfers. Here’s how it stacks up against other options:

What We Like About the Card

• Intro APR: The 0% APR on purchases and balance transfers is a significant advantage, helping you save on interest charges.
• No Annual Fee: The lack of an annual fee is always a positive feature, especially for a balance transfer card.

Things to Consider

• Foreign Transaction Fee: The Diamond Preferred card has a 3% foreign transaction fee, making it less ideal for international use.

FAQs

• Credit Bureau: Citi pulls credit scores from Experian and FICO.
• Grace Period: Citi offers a 23-day grace period on its credit cards.
• Rewards: The Diamond Preferred Card does not offer cash back rewards.
• Credit Score Requirement: Good or excellent credit is needed to qualify for the Diamond Preferred Card.
• Customer Service: You can reach Citi Customer Service at 1-800-950-5114.
• Card Material: The Citi Diamond Preferred Card is made of plastic, not metal.
• Credit Limit: Credit limits typically range from $500 to $2,000 for new accounts, with higher limits for those with excellent credit.

For those looking for a card with extended 0% APR offers and valuable benefits, the Citi® Diamond Preferred® Card is a top choice to consider.