Citi Diamond Preferred does not come with travel insurance benefits anymore. Citibank dropped travel insurance for Diamond Preferred (and nearly all other Citi cards) in September 2019. Before then, Diamond Preferred came with $500,000 in travel accident insurance, plus $5,000 in trip cancellation and interruption protection.
When those travel insurance benefits were discontinued, Diamond Preferred dropped rental car insurance, too. Same with its benefits related to travel/emergency services.
The Costco Anywhere Visa is one of the few Citi credit cards left that still offer some form of travel insurance. This card has $500,000 in travel accident insurance and related benefits such as car rental insurance and roadside assistance. Trip cancellation insurance, however, is no longer available. Citi dropped that benefit for all of its cards in 2019.
The Citi Diamond Preferred card no longer offers any type of travel insurance. Unfortunately, Citi pulled travel benefits from all their credit cards. What they still offer is their Citi Concierge service.
If you're keen on travel insurance and other related benefits, you can find the best credit cards that offer them here.
Citibank credit card travel insurance provides more than $500,000 in coverage for travel accidents, lost baggage, cancelled/interrupted trips and more. Coverage applies to travel purchases made with eligible Citi cards before September 22, 2019, when Citi is discontinuing its travel insurance program.
The best Citi credit card for travel insurance, while it lasts, is the Costco Anywhere Visa Card. It offers all the major types of travel-related coverage.… read full answer
Citibank’s travel accident insurance covers you and your family up to $500,000 per person if any of you get injured by a travel provider. The exact amount depends on the extent of the accident. But don’t count on coverage at all if the accident happens in a rideshare or a rental car.
Trip cancellation and interruption insurance kicks in when life events get in the way of travel plans. If you suddenly come under doctor’s orders not to travel, or a weather event forces you to cancel, Citibank may cover some of your losses. If you’ve already begun your trip but must extend it for one of Citibank’s covered reasons—such as the death of a family member or a weather event—Citibank may pay for you to extend your trip.
Plus, Citibank lost baggage protection offers covered travelers up to $3,000 per person to refund the costs associated with baggage lost while traveling on fare-based transportation (excluding rideshares, rentals, and taxis). And, for the time being, there’s rental car insurance, too.
To file a claim, call 1-866-918-4670 as soon as possible. Claims must be filed within 60 days of the covered event, in most cases. And covered events must occur by 9/22/19, due to Citibank discontinuing its travel insurance coverage.
Citi isn’t the only major credit card company to drop its travel insurance benefits in recent months. Discover cut all of its credit card travel insurance benefits in February 2018, and Chase announced some benefit cutbacks in April 2019. Both card companies mention low usage in their reasoning.
The Citi Diamond Preferred foreign transaction fee is 3%. That means Citi will add a 3% surcharge to the U.S. dollar amount of each international purchase made with the Diamond Preferred card. A $150 purchase processed abroad would cost $154.50 as a result.
Citi Diamond Preferred’s 3% foreign fee and lack of rewards make it the wrong choice for international travel, but its low introductory APR can still help you save on interest stateside. It offers 0% APRs on purchases and balance transfers for 18 months. Just bear in mind that it does also have a 5% balance transfer fee ($5 min). Citi Diamond Preferred has a $0 annual fee.… read full answer
If you’re looking for a Citibank credit card with no foreign transaction fees, Citi Premier is a good choice. So is the Costco Anywhere Visa: the only Citibank card with no annual fee and no foreign transaction fee.
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