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.
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
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.
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