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.
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 14.49% - 24.49% (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.
Yes, the Citi® Diamond Preferred® Card is hard to get, as it requires good to excellent credit, meaning a credit score of 700 or better. Citi will also consider your payment history, credit utilization, and annual income to help determine if you qualify.
It’s worth noting that the Citi Diamond Preferred will be harder for some people to qualify for than others, seeing as the … read full answeraverage credit score in the U.S. is close to the minimum required for approval. Be sure to check your free credit score before you apply to assess your odds of being approved. Unfortunately, Citi does not allow you to check your Citi Diamond Preferred pre-approval status online at this time.
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
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by a WalletHub user.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.