Can the Citi Diamond Preferred Card help me get out of debt?

Yes, Citi Diamond Preferred is a good balance transfer card for people with good credit or better who need a long time to pay off their balance. Citi Diamond Preferred lets you do that at a reduced rate. It offers an introductory APR of 0% for 21 months on balance transfers. It also has a $0 annual fee.… read full answer

More info about the Citi Diamond Preferred balance transfer offer:

• Citi Diamond Preferred’s balance transfer fee is 5% (min $5).
• Transfers must be completed within 4 months of account opening to be eligible for the introductory APR.
• The introductory balance transfer APR of 0% for 21 months is also matched by an introductory purchase APR offer of 0% for 12 months.
• Any balance that isn’t paid off by the end of the 21 months period will be subject to a regular APR of 17.24% - 27.99% (V).

You may be given the option of requesting a Citi Diamond Preferred balance transfer when you apply for the card or you can call the number on the back of your card after receiving it. It will take at least 14 days after your account is open to process any balance transfers though.

Citibank accepts balance transfers from other credit cards, auto loans, student loans and other credit accounts. But you can’t transfer a balance from another Citibank loan or credit card to Citi Diamond Preferred.

The credit limit on a Citi Diamond Preferred card is $500 or more, and some cardholders report starting credit limits of $10,000+. When you’re approved for this card, Citibank will determine your specific credit limit based on factors such as your credit history, annual income, and any debt you owe.

You need at least good credit to get approved for the Citi Diamond Preferred card. For your best chances at a … read full answerhigh limit, you’ll want good-to-excellent credit and plenty of disposable income. Even if you don’t receive the limit you want, you can always request a credit limit increase later on. You’ll want to wait at least six months from opening your account before requesting an increase, though.

The Citi Diamond Preferred card has no rewards on purchases. This card is aimed at people who want to save on, purchases and balance transfers with a 0% intro APR.

If you're looking for great rewards cards, you would check out Chase Freedom Unlimited®, the Blue Cash Preferred® Card from American Express, and the Wells Fargo Active Cash® Card. You can also take a look at WalletHub’s latest picks for the… read full answer best rewards credit cards available right now.