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.
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.
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 high limit, you’ll want good-to-excellent credit and plenty...
Yes, the Citi® Diamond Preferred® Card is hard to get, as it requires at least good credit (a credit score of 700+) for approval. Citi will also consider your payment history, credit utilization, and annual income to help determine if you qualify.
What to know before applying for the Citi Diamond Preferred:
It’s worth noting that the Citi Diamond Preferred will be harder to get for some people, seeing as the average credit score in the U.S. is close to the minimum required...
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