Rewards Rate
APR for 21 months on balance transfers and 0% APR for 12 months on purchases.
Welcome Bonus
The Citi® Diamond Preferred® Card does not offer a traditional welcome bonus like cashback or points upon sign-up. Instead, its main introductory offer is a 0% APR for 21 months on balance transfers and 0% APR for 12 months on purchases. This extended interest-free period serves as its key benefit for new cardholders, helping those who want to consolidate debt or make large purchases without paying interest for a significant duration.
APR
17.49-28.24% Variable APR
Pro & Cons
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Lengthy 0% introductory APR period (up to 21 months on balance transfers).
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No annual fee.
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Ideal for balance transfers and financing large purchases.
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Citi Entertainment® perks provide unique access to events.
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No rewards or cashback program.
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A 5% balance transfer fee can add up for large amounts.
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Requires good to excellent credit for approval.
Citi® Diamond Preferred® Credit Card
The Citi® Diamond Preferred® Card is a standout choice for those seeking a credit card with low-interest offers and comprehensive balance transfer options. With a lengthy 0% introductory APR period and no annual fee, it caters to individuals focused on managing existing debt or financing large purchases without incurring high interest. While it doesn’t offer traditional rewards like cashback or miles, its core value lies in its cost-saving potential.
cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent
cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal
cash back on all other purchases.
cash back after you spend $1500 on purchases in the first 6 months
Chase Sapphire Preferred® Credit Card
Good for:
Earning significant rewards on travel and dining
points on dining, including eligible delivery services, takeout, and dining out.
points on travel, including flights, hotels, taxis, and more.
points on all other purchases.
bonus points after spending $4,000 on purchases in the first 3 months.
Annual hotel credit
Points on car rentals and hotels booked through the Altitude Rewards Center.
Points on gas stations and EV charging stations (up to $1,000).
Points for travel.
for grocery delivery, grocery store shopping, dining, and streaming services.
on all other qualifying purchases.
Intro APR on balance transfers for first year.
Card Highlights
- 0% Introductory APR on Purchases and Balance Transfers: Enjoy a 0% introductory APR for 21 months on balance transfers and 12 months on purchases. After the intro period, the variable APR ranges from 17.99% to 28.74%, depending on your creditworthiness.
- No Annual Fee: Keep the card cost-effective with zero annual fees.
- Low Balance Transfer Fee: A 5% balance transfer fee applies, but the extended 21-month 0% APR period makes it ideal for consolidating high-interest debt.
- Access to Citi Entertainment®: Get special access to tickets for concerts, sporting events, and more with Citi Entertainment® perks.
Rewards Redemption
Unlike traditional credit cards focused on cashback or travel rewards, the Citi® Diamond Preferred® Card focuses solely on offering financial flexibility through its low APR and cost-effective features. It does not have a rewards program, making it better suited for those who prioritize interest savings over earning points or miles.
Card Terms, Rates and Fees
- Annual Fee: $0 — You won’t have to pay an annual fee to keep the card active.
- APR for Purchases: 0% introductory APR for 12 months, then a variable APR of 17.99% – 28.74%.
- APR for Balance Transfers: 0% introductory APR for 21 months on balance transfers completed within the first four months, followed by a variable APR of 17.99% – 28.74%.
- Balance Transfer Fee: 5% of each transfer (minimum $5).
- Late Payment Fee: Up to $41.
Maximize Benefits and Avoid Fees
To make the most out of the Citi® Diamond Preferred® Card:
- Consolidate Debt Strategically: Use the extended 21-month 0% APR period to pay down high-interest balances without accruing additional interest.
- Leverage the 0% APR on Purchases: If planning a large purchase, take advantage of the 12-month 0% APR period to pay it off interest-free.
- Avoid Late Payments: Set up auto-pay or payment reminders to prevent late fees and keep your credit score in good standing.
- Pay Off Balances Before the Intro APR Ends: To maximize savings, aim to pay off transferred balances before the introductory APR period ends.
Qualification Requirements
|
Requirement |
Description |
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Credit score & credit history |
Good to excellent credit (typically 670 and above) |
|
Income |
Demonstrate sufficient income to cover expenses and credit obligations. |
|
Job-status |
Stable employment preferred |
|
Citizenship/residency |
US citizen or permanent resident |
|
Age |
18+ with a valid SSN or ITIN |
|
Required documents |
Valid ID and proof of income. |
What Makes This Card Appealing?
The Citi® Diamond Preferred® Card is an excellent tool for those looking to manage debt or finance purchases without high interest. Its generous 0% APR periods for both purchases and balance transfers set it apart as a leading low-interest credit card.
How to Apply
Applying for the Citi® Diamond Preferred® Card is a straightforward process:
Apply for credit card
Enter personal details
Provide financial information
Terms & conditions
- Visit the Application Page: Go to the official Citi website and navigate to the Citi® Diamond Preferred® Card application page.
- Click “Apply Now”: Start your application by clicking the “Apply Now” button.
- Complete the Application Form: Provide the following details:
- Personal information (name, date of birth, Social Security number)
- Residential address and contact details
- Employment status and annual income
- Review the Terms: Carefully read the card terms, including the APR, fees, and balance transfer details.
- Submit the Application: After ensuring all information is accurate, submit your application. Approval decisions are often provided instantly, though some applications may require additional review.
FAQ
Does the Citi® Diamond Preferred® Card have a rewards program?
No, this card does not offer a rewards program. It focuses on providing low-interest offers and financial flexibility rather than cashback or travel rewards.
How does the 0% APR on balance transfers work?
When you transfer a balance from another credit card within the first 4 months of opening your Citi® Diamond Preferred® Card, you’ll receive 0% APR for 21 months on that transferred balance. After the 21-month introductory period, a variable APR of 17.99% – 28.74% will apply, depending on your creditworthiness.
What is the balance transfer fee?
The balance transfer fee is 5% of the transferred amount or a minimum of $5, whichever is greater.
