How much is the Citi Diamond Preferred annual fee? This question is about the Citi® Diamond Preferred® Card

How much is the Citi Diamond Preferred annual fee?

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This question is about the Citi® Diamond Preferred® Card

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 10/13/21 This answer was first published on 06/25/21 and it was last updated on 10/13/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Citi Diamond Preferred annual fee is $0, which is standard for a low interest credit card. In addition to a $0 annual fee, Citi Diamond Preferred has an introductory APR offer of 0% for 12 months on purchases. And that is coupled with an introductory balance transfer APR of 0% for 21 months - each balance transfer is subject to a 5% (min $5) fee.

Once the introductory periods are over, interest will accrue at the regular APR of 14.49% - 24.49% (V), based on creditworthiness. Most cards charge balance transfer fees of around 3% and some have no balance transfer fees. A longer introductory rate will sometimes offset balance transfer fees, so it's a good idea to use a balance transfer calculator to see which card will save you the most money.

Some of Citi Diamond Preferred's other fees include a 3% foreign transaction fee and a late fee of up to $40. So the $0 annual fee helps offset these other costs.

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People also ask

What is the Citi Diamond Preferred foreign transaction fee?

The Citi Diamond Preferred foreign transaction fee is 3%. That means Citi will add a 3% surcharge to the U.S. dollar amount of each international purchase made with the Citi Diamond Preferred.

Citi Diamond Preferred’s 3% foreign fee and lack of ongoing rewards make it the wrong choice for international travel, but its low introductory APR can still help you save on interest stateside. It offers a 0% intro APR on purchases for 12 months and an intro APR of 0% for 21 months on balance transfers. Just bear in mind that it does also have a 5% (min $5) balance transfer fee. This card’s regular APR is 14.49% - 24.49% (V). Citi Diamond Preferred has a $0 annual fee.… read full answer

If you’re looking for a Citibank credit card with 0% foreign transaction fees, the Citi Premier® Card is a good choice. So is the Costco Anywhere Visa® Card by Citi, which also comes with a $0 annual fee.

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What is the credit limit on a Citi Diamond Preferred card?

The Citi Diamond Preferred credit limit starts at $500 and can get over $10,000, according to online forums. Once 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 be approved for the Citi Diamond Preferred. For your best chances at a high 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.… read full answer

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What are the Citi Diamond Preferred card rewards?

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 Chase Sapphire Preferred® Card, Capital One Venture Rewards Credit Card, Citi® Double Cash Card – 18 month BT offer… read full answer. Check out WalletHub’s picks for the best rewards credit cards available right now.

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