Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card
0% Intro APR
for 21 months on balance transfers from the date of first transfer.
0% Intro APR
for 21 months on balance transfers from the date of first transfer.
Accepted Credit Scores
Excellent Credit, Good Credit
Annual Fee
$0
APR on Purchases
0% intro APR for 12 months, 15.24% - 25.24% (V) APR after that
Balance Transfer
0% intro APR for 21 months, 15.24% - 25.24% (V) APR after that
Balance Transfer Fee
Editor's Take
Citi Diamond Preferred Pros & Cons
0% intro APR for 12 months on purchases
0% intro APR for 21 months on balance transfers
$0 annual fee
5% (min $5) balance transfer fee
Foreign transaction fee
High regular APR
No rewards
Citi Diamond Preferred's Additional Info
cash advance fee | 5% (min $10) |
cash advance APR | 26.74% (V) |
foreign transaction fee | 3% |
smart chip | Yes, chip-and-signature |
max late fee | $40 |
max overlimit fee | $0 |
max penalty APR | 29.99% (V) |
grace period | 23 days |
0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 15.24% - 25.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
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The standard variable APR for Citi Flex Plan is 15.24% - 25.24%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Citi Diamond Preferred FAQ
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Citi Diamond Preferred Reviews
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Pros
- 0% on purchases for 18 months: A year and a half without having to pay interest on a big purchase? Yes please. The same length of time to only pay the minimum each month and let my money EARN interest? Course.
- No annual fee: You don’t want to waste money on an annual fee when your trying to save on interest.
- Lowish regular rate: The Diamond Preferred’s regular APR is 11.99 – 21.99%, depending on your credit standing. This is the same as the Platinum Select and slightly better than the Simplicity’s 12.99-21.99%.
Cons
- 3% balance transfer fee: This can cost you hundred(s) of bucks, so it makes the Citi Diamond Preferred Credit Card ill-suited for balance transfers.
- High credit requirement: It sorta stinks that you need excellent credit to get the Diamond Preferred Card because the people who you’d think would really need help paying off debt are those with lower scores.
When you get down to it, there is really no difference between the Citi Diamond Preferred Card and the Citi Platinum Select Card; either would be a great choice for paying off big purchases. Neither would be better for balance transfers than the No Balance Transfer Fee Chase Slate Card.
Ultimately, while the Citi Diamond Preferred Card is not the card to get if you want rewards, it is one of the best offers out there for people looking for lower interest costs. It’s not too unique though in the sense that the Citi Simplicity and Platinum Select Cards both offer 0% for 21 months as well (the Simplicity Card offers a slightly higher regular interest rate range than the other two).
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