Citi® Diamond Preferred® Card: review

Sometimes, you may not have the funds to cover unexpected expenses, and accruing some debt may be inevitable. For these special circumstances, a balance transfer credit card could be a helpful, cost-effective tool, especially when the original debt is on a high-APR card.

The Citi Diamond Preferred, however, offers a 0% intro APR for 21 months on eligible balance transfers from the date of the first transfer and 0% intro APR for 12 months on purchases from date of account opening. This is one of the more generous rates available.

Pros & Cons

Pros

• No annual fee
• 0% intro APR for 21 months on eligible balance transfers from the date of the first transfer
• 0% intro APR for 12 months on purchases from date of account opening
• $0 liability on unauthorized purchases, travel and entertainment benefits

Cons

• Requires good/excellent credit
• No rewards

Rates, fees & offers

• Annual fee: $0
• Bonus offer: N/A
• Intro APR: 0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases
• Ongoing APR
  APR: 13.74% – 23.74% Variable APR
  Cash Advance APR: 25.24%, Variable
• Balance transfer fee: Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum
• Foreign transaction fee: 3%

Review

$0 annual fee

The Citi® Diamond Preferred® Card has two ideal features: a $0 annual fee and a long 0% intro APR offer. Both can save you money as you pay down a balance.

Long interest-free period

With the Citi® Diamond Preferred® Card, you’ll pay a 0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases, and then the ongoing APR of 13.74%-23.74% Variable APR. That’s one of the longest interest-free periods for balance transfers on the market.

Choose your payment due date

The Citi® Diamond Preferred® Card lets you choose a monthly payment due date that works for you. That can offer a little flexibility as you attack your balance.

How to request this card

Applying for a credit card is very simple and you can do it through the app or website. But you need:

• Social Security Number
• Gross income
• Employer name (if applicable)
• Rent/mortgage amount

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