Maria Adams, Credit Cards Moderator
@m_adams
Yes, The Citi Diamond Preferred was discontinued in late 2018. However, Citibank resumed accepting applications for a new version of the card less than a year later.
The current Citi Diamond Preferred card is a balance transfer credit card, as it has an introductory APR of 0% for 21 months on balance transfers. Once this introductory period expires, any remaining balance is subject to the card’s regular APR of 16.49% - 27.24% (V).
It is worth noting that the Citi Diamond Preferred card also offers an introductory purchase APR offer of 0% for 12 months.
People Also Apply For
People also ask
Is the Citi Diamond Preferred a good first time credit card?
No, the Citi® Diamond Preferred® Card is not a good first-time credit card because it is only available to people with good credit or better. People who’ve never owned a credit card are unlikely to get approved unless they’ve built good credit through other means. There are plenty of good first-time credit cards on the market, though.
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You can learn more about the best first-time credit cards on WalletHub.
read full answer by Chip Lupo, Credit Card WriterDoes the Citi Diamond Preferred Card build credit?
Yes, the Citi Diamond Preferred may help you build credit, since Citibank reports account information to the credit bureaus each month. Making on-time payments and keeping your balance low can help improve your score. On the other hand, missing payments and maxing out your credit limit can hurt your score.
Just note that while you can build credit with this card, you won't be able to start from scratch with it. You need a solid credit score...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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