Citi Diamond Preferred Review

The Citi Diamond Preferred card has no rewards on purchases. This card is aimed at people who want to save on, purchases and balance transfers with a 0% intro APR.

If you're looking for great rewards cards, you would check out Chase Freedom Unlimited®, the Blue Cash Preferred® Card from American Express, and the Wells Fargo Active Cash® Card. You can also take a look at WalletHub's latest picks for the best rewards credit cards available right now.

The Citi Diamond Preferred benefits include access to special events' tickets with Citi Entertainment, digital wallet capabilities, ID theft protection, and $0 fraud liability protection. This card also offers intro APRs on both purchases and balance transfers.

Top Citi Diamond Preferred Benefits and Perks:

• Citi Entertainment: With Citi Entertainment, you get special access to purchase tickets to thousands of events, including presale tickets and concerts, sporting events, dining experiences and more.
• Digital wallets: With digital wallets, you can speed through checkout when shopping online, within apps and in stores.
• ID theft protection: This benefit monitors your credit file and sends alert notifications whenever suspicious activity is detected. It also provides a resolution specialist to you when required.
• Zero fraud liability: You won't be held responsible for unauthorized transactions. This benefit applies to purchases made in store, over the phone, online, via a mobile device or ATM transactions.
• EMV chip technology: EMV credit cards are considered to be more secure than magnetic-stripe cards.
• Intro APRs: This credit card offers an introductory APR on purchases of 0% for 12 months and an intro APR on balance transfers of 0% for 21 months from the date of first transfer. After that, the APR will be 17.99% - 28.74% (V), based on your credit standing. There is also a balance transfer fee of 5% (min $5).
• Annual fee: The Citi Diamond Preferred card has a $0 annual fee.

If you're looking for a Citi credit card with more benefits, try the Costco Anywhere Visa® Card by Citi. This card offers benefits like rental car insurance and purchase protection.

The Citi Diamond Preferred concierge service provides personal assistance to cardholders 24/7. The Citi Diamond Preferred concierges are typically available to help with tasks related to travel, shopping, dining, and entertainment, among other things. To request assistance, call (800) 508-8930 or send an e-mail to concierge@yourconciergecenter.com. There's no cost to use this service and no limit to the number of times you can request assistance.

Citi Diamond Preferred Concierge Services

• Booking travel
• Purchasing tickets to events
• Making restaurant reservations
• Recommending and purchasing gifts
• Arranging transportation
• Finding grocery stores, restaurants, or pharmacies that provide delivery service or curbside pickup

Once your request is completed, you'll just have to pay for the associated transaction. Citi does not publicly disclose any specific range or services a concierge will or will not provide. That will largely depend on your assigned concierge.

Yes, Citi Diamond Preferred is a good balance transfer card for people with good credit or better who need a long time to pay off their balance. Citi Diamond Preferred lets you do that at a reduced rate. It offers an introductory APR of 0% for 21 months on balance transfers. It also has a $0 annual fee.

What to know about Citi Diamond Preferred balance transfers:

• Citi Diamond Preferred's balance transfer fee is 5% (min $5).
• Transfers must be completed within 4 months of account opening to be eligible for the introductory APR.  
• Any balance that isn't paid off by the end of the 21 months period will be subject to a regular APR of 17.99% - 28.74% (V).
• You may be given the option of requesting a Citi Diamond Preferred balance transfer when you apply for the card or you can call the number on the back of your card after receiving it. 
• It will take at least 14 days after your account is open to process any balance transfers.
• Citibank accepts balance transfers from other credit cards, auto loans, student loans and other credit accounts. But you can't transfer a balance from another Citibank loan or credit card to Citi Diamond Preferred.

It is worth noting that the Citi Diamond Preferred card also offers an introductory purchase APR offer of 0% for 12 months.

You need a credit score of 700 or higher for the Citi Diamond Preferred card. This means that you should have at least good credit for high odds of approval. 

Some people claim to have been approved for this card with lower scores than 700. But that is riskier, especially if you don't have a high income compared to your major monthly expenses. Generally speaking, the higher your credit score is, the better your chances will be of getting approved for the Citi Diamond Preferred card.

Other Citi Diamond Preferred Approval Requirements

Just remember that a 700+ credit score does not guarantee approval. Your score is important, but you will also need to provide proof of a steady income in order to qualify. Additional factors taken into account include your employment status and existing debts. Citi will also look at your housing payments and the number of open credit card accounts you have.

Alternative Credit Card Options

If your current credit score doesn't meet Citi Diamond Preferred's requirements, consider spending a little more time rebuilding your credit before you apply. Or, you could apply for a credit card that's easier to get.

The Citi® Secured Mastercard® offers decent chances of approval and accepts people with limited credit. If you use the card responsibly, you'll eventually be eligible for the Citi Diamond Preferred Card. If your score is in the fair credit range, you could consider a card from another issuer, such as the Capital One Platinum Credit Card.  

No, the Citi Diamond Preferred Card does not offer rental car insurance any longer. This benefit was stripped from the Citi Diamond Preferred a while back. The card does have other benefits, though. It provides purchase protection and zero fraud liability.

In general, credit card rental car insurance protects you against collision damage and theft when you rent a car using an eligible card. It's a common credit card benefit. But some issuers, like Citi, have removed it from their credit cards.

Alternative Credit Card Options

If you're set on finding a card with good rental car insurance, consider checking out the Capital One Venture Rewards Credit Card or the Chase Sapphire Preferred® Card, instead. There's also one Citi card that still has it – the Costco Anywhere Visa® Card by Citi.

The Citi Diamond Preferred card annual fee is $0 per year. Citi Diamond Preferred card's $0 annual fee is lower than the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with the Citi® Diamond Preferred® Card, though.

Citi Diamond Preferred Card Fees

• Annual Fee: $0
• Cash Advance Fee: 5% (min $10)
• Foreign Fee: 3%
• Balance Transfer Fee: 5% (min $5)
• Max Late Fee: $41

Yes, the Citi® Diamond Preferred® Card is hard to get, as it requires at least good credit (a credit score of 700+) for approval. Citi will also consider your payment history, credit utilization, and annual income to help determine if you qualify.

What to know before applying for the Citi Diamond Preferred:

It's worth noting that the Citi Diamond Preferred will be harder to get for some people, seeing as the average 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. 

You can get a better idea of how hard it will be to get a Citi Diamond Preferred through Citibank's online pre-screen tool. You'll know in a matter of seconds if you're pre-selected for Citi Diamond Preferred and other Citi credit cards, based on the information you enter. Plus, this tool doesn't affect your credit score, as the process is done using a soft inquiry.

The highest credit limit for the Citi Diamond Preferred card can be over $10,000 for most creditworthy borrowers, according to multiple reports from cardholders on online forums. Citibank does not typically disclose the maximum spending limit for any of its unsecured credit cards. Not everyone is likely to qualify for the highest credit limit, either. The credit line offer you'll ultimately get from Citi largely depends on your debt-to-income ratio and credit history.

The Citi Diamond Preferred card requires applicants to have good credit or better to be approved, and guarantees a credit limit of at least $500. You could receive a credit line much higher than the minimum, as long as you have a good enough credit score and sufficient disposable income.

You can learn more about Citi Diamond Preferred terms and benefits from WalletHub's full review of the card.

The credit limit on a Citi Diamond Preferred card is $500 or more, and some cardholders report starting credit limits of $10,000+. When 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 get approved for the Citi Diamond Preferred card. 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.