Bianca Smith, WalletHub Credit Cards Analyst
@bianca_stoian
No, the Citi Diamond Preferred card does not offer cash back or any other type of ongoing rewards. While the Citi Diamond Preferred card does not offer cash back, it is a good option for financing big purchases or balance transfers because of its promotional interest rates and $0 annual fee.
What You Should Know About the Citi Diamond Preferred
- Intro APRs: Citi Diamond Preferred charges 0% interest for the first 12 months on purchases and offers 0% for 21 months on balance transfers. Because of that, you won’t accrue any interest on balance transfers or new purchases for a significant amount of time. The regular APR coming into effect after that is 16.74% - 27.49% (V) and there is also a balance transfer fee of 5% (min $5).
- Annual fee: This card comes with a $0, which makes it an inexpensive financing option.
- Cash advances: If by cash back you mean cash advance, then you can use the Citi Diamond Preferred to withdraw money at any ATM or Citibank branch. However, keep in mind the card has a separate APR of 29.99% (V) for cash advances, and interest starts accruing immediately.
Although the Citi Diamond Preferred does not offer rewards, Citibank does have a few notable cash back credit card offers that excel in different categories.
Notable Citibank Cash Back Credit Cards
- Rates & Fees Best for Everyday Shopping: Citi Double Cash® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Best for Everyday Shopping: Citi Double Cash® CardLearn MoreLearn Moreon issuer's website
- Best for Everyday Shopping: Citi Double Cash® CardLearn MoreLearn More
- Rates & Fees Best for Costco: Costco Anywhere Visa® Card by CitiLearn MoreLearn Moreon issuer's website
- Rates & Fees Best for Costco: Costco Anywhere Visa® Card by CitiLearn MoreLearn Moreon issuer's website
- Best for Costco: Costco Anywhere Visa® Card by CitiLearn MoreLearn More
- Rates & Fees Best for Business Owners: Costco Anywhere Visa® Business Card by CitiLearn MoreLearn Moreon issuer's website
- Rates & Fees Best for Business Owners: Costco Anywhere Visa® Business Card by CitiLearn MoreLearn Moreon issuer's website
- Best for Business Owners: Costco Anywhere Visa® Business Card by CitiLearn MoreLearn More
- Best for Everyday Shopping:
- Best for Costco:
- Best for Business Owners:
For more options, feel free to check out our editors’ picks for the best Citi credit cards available right now on the market.
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People also ask
What is the credit limit on a Citi Diamond Preferred card?
The credit limit on a Citi Diamond Preferred card is $500 or more, with some cardholders reporting $10,000+ starting credit limits. Citibank will determine your specific credit limit based on factors such as your credit history, annual income, and any debt you owe.
Keep in mind that you need at least good credit to get approved for the Citi Diamond Preferred card. For your best chances at a high credit limit, you’ll want good-to-excellent credit and plenty of disposable income.
Even if you...
read full answer by Maria Adams, Credit Cards ModeratorIs the Citi Diamond Preferred Card hard to get?
Yes, it is hard to get the Citi® Diamond Preferred® Card because it requires at least good credit for approval. Unless your credit score is good enough and you have a lot of income, it will be difficult for you to get approved for the Citi Diamond Preferred.
In order to get the Citi Diamond Preferred, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You’ll also need to have...
read full answer by Chip Lupo, Credit Card WriterIs Citi Diamond Preferred a Visa or a Mastercard?
Citi Diamond Preferred is a Mastercard.
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