Citi
Citi® Diamond Preferred® Credit Card
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus information available |
| Rewards Rate | No rewards rate information available |
| Intro APR | Get a 0% Intro APR for 12 months on purchases from date of account opening; after that, the variable APR will be 16.74%- 27.49% based on your creditworthiness. Get a 0% Intro APR for 21 months on balance transfers from date of account opening; after that, the variable APR will be 16.74%- 27.49% based on your creditworthiness. All balance transfers must be completed in the first 4 months of account opening. |
| Regular APR | Variable APR after each intro rate expires 16.74% - 27.49% on purchases and balance transfers based on your creditworthiness For Citi Flex Plans subject to an APR, the variable APR is 16.74% - 27.49%, based on creditworthiness The variable cash advance APR — 29.99% Variable Penalty APR up to 29.99% and applies if you pay late or your payment is returned |
| Other Fees | Intro balance transfer fee 3% ($5 minimum) of each transfer, completed within first 4 months of account opening Balance transfer fee after intro rate expires 5% ($5 minimum) of each transfer Fee for foreign purchases — 3% of the U.S. dollar amount of each purchase. Cash advance fee — either $10 or 5% of the amount of each cash advance, whichever is greater. Minimum interest charge — $0.50. No Authorized User fee Annual Fee — $0 For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. |
| Network | Mastercard |
About this card
The Citi® Diamond Preferred® Credit Card earns a 'Good' overall rating of 3.3 out of 5.0. This card is a highly specialized financial tool, excelling remarkably in its core function but severely lacking in other common credit card benefits. Its strength lies almost entirely in its exceptional 0% Intro APR periods, offering an outstanding 21 months on balance transfers and a very competitive 12 months on purchases. This makes it a best-in-class option for consumers looking to consolidate high-interest debt or finance a large purchase interest-free. The fee structure is also generally favorable, with no annual fee and the unique benefit of no late fees ever. However, the card's value proposition drops significantly after the introductory APR periods expire, primarily due to a complete absence of any rewards program or sign-up bonus, and a potentially high regular APR. Foreign transaction fees are also a notable drawback. While it perfectly serves its niche audience with an unparalleled balance transfer offer, its lack of long-term earning potential and general utility for everyday spending pulls its overall rating into the 'Good' rather than 'Excellent' category. It's an excellent tool for a specific financial goal but falls short as a versatile, everyday credit card.
Pros & Cons
What's great
- No annual fee
- Extended intro APR period for balance transfers
- Intro APR period for purchases
- No late fee
- Access to FICO® Score
- Access to entertainment and travel programs
Things to consider
- No rewards program
- No sign-up bonus
- Foreign transaction fees apply
- Balance transfer fees apply
- High regular APR
What this card offers
Other features
- No late fee ever
- No penalty rate
- Citi® Flex Pay
- Free access to your FICO® Score
- Mastercard® ID Theft Protection
- Citi® Quick Lock
- Misplaced your card? Use Citi® Quick Lock in the Citi Mobile® App or at citi.com to instantly block new charges while allowing recurring transactions to continue without disruption.
- Choose your payment due date
- Choose to pay your bill on any available due date in the beginning, middle or end of the month. Enjoy the flexibility of paying your full balance or just the minimum payment due each month.
- 24-hour fraud protection
- Citi will alert you if we see unusual activity on your account.
- Chip-based card technology
- Automatic account alerts
- Stay updated on balance, payments or credit limits via email or text.
- Add Authorized Users
- Add an Authorized User to your account at no additional cost.
- 24/7 customer service
- To save time and manage your account from anywhere, download the Citi Mobile® App. You can handle most of your banking needs right from your phone, 24/7.
- Paperless statements and e-communications
- Access FICO® Score
- Free access to your FICO® Score online to review your credit history.
- Citi Mobile® App
- Manage your money when you want, where you want and the way you want. It's how Citi digital services help you get the most out of your time.
- Digital Wallets
- Digital Wallets let you shop with confidence in millions of places online, within apps and in stores. With digital wallets you can speed through checkout and continue to enjoy all the great benefits that come with your card.
- Contactless pay
- Citi Entertainment®
- Citi Entertainment® is an entertainment access program available to eligible Citi® credit card and Citibank® Debit Card customers. Citi cardmembers get special access to purchase tickets to thousands of events, including presale tickets and exclusive experiences to the year's most anticipated concerts, sporting events, arts and culture experiences.
- Citi Travel®
- With Citi Travel®, you can book flights, hotels, car rentals and attractions using your eligible Citi card. Citi Travel offers access to over 1.4 million hotels and resorts available worldwide.
Additional Notes
This offer may not be available if you leave this page. Offers may vary and this offer may not be available in other places where the card is offered. We will begin processing Balance Transfer requests 14 days after the account is opened. You can modify or cancel your request any time during this 14-day period. After the 14-day period, Balance Transfers can take up to 10 days to process. New cardmembers only. Subject to credit approval. Additional limitations, terms and conditions apply. You will be given further information when you apply.