Bianca Smith, WalletHub Credit Cards Analyst
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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.
Notable Citibank Cash Back Credit Cards
For more options, feel free to check out our editors’ picks for the best Citi credit cards available right now on the market.
Citi® Diamond Preferred® Card
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