Does the Citi Diamond Preferred Card have cash back? This question is about the Citi® Diamond Preferred® Card

Does the Citi Diamond Preferred Card have cash back?

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This question is about the Citi® Diamond Preferred® Card

Bianca Smith, WalletHub Credit Cards Analyst

@bianca_stoian • 04/05/22 This answer was first published on 01/07/22 and it was last updated on 04/05/22.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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No, the Citi Diamond Preferred card does not have 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.

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.

It’s also worth noting that Citi Diamond Preferred cardmembers can use the card to get a cash advance from any ATM or Citibank branch. The card has a separate APR of 26.74% (V) for cash advances, and interest starts accruing immediately.

In addition, Citibank does have a few notable cash back credit card offers that excel in different categories.

Citibank Cash Back Credit Cards

Best for everyday shopping: Citi® Double Cash Card – 18 month BT offer
Best intro bonus: Citi Custom Cash℠ Card
Best for Costco: Costco Anywhere Visa® Card by Citi
Best for Business Owners: Costco Anywhere Visa® Business Card by Citi

For more options, you can easily compare the best Citi credit cards on WalletHub.

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People also ask

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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Is the Citi Diamond Preferred Card hard to get?

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 answer average 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.

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Is Citi Diamond Preferred a Visa or a Mastercard?

Citi Diamond Preferred is a Mastercard.

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