|Highlights||Credit Card Feature|
|Things We Like||0% introductory APR for 21 months on purchases and balance transfers|
|Our Least Favorite||No rewards program|
|Our Verdict||Great card for card benefits and a long 0% intro APR|
Citi® Diamond Preferred® Card, a partner card issued by Citibank, is one of our top rated 0% balance transfer cards in the U.S., and is designed for those who plan to take advantage of its 21 months of introductory 0% APR on balance transfers and purchases (then 13.24% - 23.24% variable APR), and also for those who want to enjoy the benefits this card has to offer (like a 24/7 concierge service). In my opinion, this card is a good choice if you want to pay 0% interest on an existing credit card balance. If you are currently paying interest on your credit card balance, you might want to consider transferring that balance to this card. By doing so, you get to cut your interest rates to 0% and can get out of debt sooner.
Things We Like About Citi® Diamond Preferred® Card
No annual fee. You will enjoy all the benefits and privileges of being a Citi® Diamond Preferred® Card cardholder without having to pay any annual fee.
0% introductory APR on balance transfers for 21 months. For the first full 21 months, you will enjoy a 0% introductory APR on all balance transfers. This is a good deal if you take advantage of the 0% intro balance transfer APR by transferring your balance from another credit card account to this one. After 21 months, your regular variable APR will be 13.24% - 23.24% variable APR, depending on your creditworthiness. Make sure to pay off all your balance during the 21 months so that you won't incur the higher non-promotional interest rates.
0% introductory APR on all your purchases for 21 months. You will also enjoy the benefit of having a 0% introductory APR on all your purchases for a whole 21 months, after that you will have to pay the 13.24% - 23.24% variable APR depending on your creditworthiness. Remember that even though you're in an introductory period and your APR is 0%, you should still make your payments on time to avoid getting into debt.
Low balance transfer fee of 3%. For each balance transfer, you pay just 3% of the amount you transfer, or $5 minimum.
24/7 Diamond Preferred concierge service. If you need someone to help you book flights and hotel rooms, make restaurant reservations or buy concert tickets, just call Concierge and it will be done for you.
You get worldwide travel accident insurance when you use this card to pay for your travel bookings in full. In case of the death or dismemberment of you or a family member on a covered booking is cause by an accident on a common carrier, you can get up to $250,000 in compensation.
Trip cancellation and interruption protection does just what it says. You can be refunded with up to $1,500 towards non-refundable trip expenses every rolling year, in the case that certain unforeseen events get in the way of your trip.
Auto rental insurance. You get auto rental insurance, discounts on car rentals, lost luggage assistance, legal referral services, emergency and travel emergency assistance services, medical services and more, which will give you peace of mind when you are traveling.
Your purchases are protected by damage and theft purchase protection. If purchases you charge to Citi® Diamond Preferred® Card are stolen or damaged within 120 days of making the purchase (90 days for New York residents), you may be covered up to $1,000 per item, up to a total of $50,000 per calendar year.
You get access to events. Citi® Private Pass® helps you get into events like concerts, sporting events and more, and even lets you get special early access to tickets for certain events.
Security. This card helps protect you with $0 liability on unauthorized purchases and Citi® Identity Theft Solutions. If any unauthorized purchases are made from your card, you will have $0 liability. The free Citi® Identity Theft Solutions service provides access to a team of identity theft solution specialists that can help you if your identity is ever stolen.
Security services. To make you feel more secure and protected this card also counts with many fraud and security protection services. This includes emergency card replacement, emergency cash replacement, and more.
Extra Cash Bonus Center. Although this isn't a cash back card per se, you can earn an average of 5% additional Extra Cash from Citi when you enroll in the Extra Cash Bonus Center. You can also earn Extra Cash at over 400 popular retailers when you shop by phone, online or even in-store at participating merchants.
Our Least Favorite Things About Citi® Diamond Preferred® Card
No rewards. Citi® Diamond Preferred® Card doesn't reward you with points or cashback for your purchases. However, if you are looking for a rewards card then you may prefer Citi ThankYou® Preferred Card, a highly rated Citi rewards card on GET.com.
How Other Cards Compare With Citi® Diamond Preferred® Card
|Intro APR:||0%* on purchases* and balance transfers* for 21 months|
|Regular APR:||13.24% - 23.24%* (Variable)|
|Credit Required:||Good, Excellent|
|Intro APR:||0%* intro APR on purchases* and balance transfers* for 21 months|
|Regular APR:||14.24% - 24.24% (Variable)|
|Credit Required:||Good, Excellent|
|Intro APR:||0% Intro APR for 15 months from account opening on purchases and balance transfers|
|Regular APR:||15.49% - 24.24% Variable|
|Credit Required:||Good, Excellent|
Citi® Diamond Preferred® Card gives you solid card benefits and one of the longest introductory low APR periods available from a nationwide bank.
Citi® Diamond Preferred® Card blows us away with its introductory APR offer of 0% intro APR on purchases and balance transfers for 21 months, which gives you plenty of time to pay off old credit card balances or big puchases (if you make them near the beginning of that intro APR period). The regular 13.24% - 23.24% variable APR after that is fairly typical of current credit card rates.
What sets this card apart from other low interest credit cards is that it comes with benefits which we would normally only expect to find on a more exclusive credit card with a high annual fee (this card has no annual fee. We're talking about the concierge service and the trip cancellation and interruption protection.
It would have been nice to see this card come with cash back or a more solid rewards program (like Citi ThankYou®), but if you aren't interested in rewards or already have a rewards credit card, then Citi® Diamond Preferred® Card will work well for transferring balances, paying off big-ticket purchases over time and (long after the intro APR has expired) paying for your travel bookings and purchases to enjoy the useful protection it offers.
Ivan Daniel is a writer at GET.com. Email: email@example.com.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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