Citi® Diamond Preferred® Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
15.24% ‐ 25.24% (Variable) (0% for the first 18 months)
Balance Transfer
15.24% ‐ 25.24% (Variable) (0% for the first 18 months)
Rewards
-
Signup Bonus
-


8.9/10
Informr score
The Citi® Diamond Preferred® Credit Card currently has an Informr score of 8.9 out of 10. This score is based on our evaluation of 22 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Citi® Diamond Preferred® Credit Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


SmartAsset

The Citi Diamond Preferred Card offers a generous 21 months at a 0% intro APR, which will be a boon for anyone who needs plenty of time to pay down credit card debt from other cards. Though the card has some less-ideal features such as balance transfer and late fees and a penalty APR, it offers some...

- SmartAsset
Money Crashers

If you seek awesome service and the ability to finance big purchase or transfer high-interest balances without breaking the bank, you’d be hard-pressed to do better.

- Brian Martucci, Money Crashers
Credit Cards Explained

The Citi® Diamond Preferred® Card is a rare card that appeals to those looking for a fantastic promotional financing offer without having to forgo some of the perks and benefits of a premium rewards card. Those who need help financing their purchases should not be looking to earn points, miles or ca...

- Jason Steele, Credit Cards Explained
Credit Card Insider

The Citi Diamond Preferred Card offers a very long promotional APR period on balance transfers, as well as a shorter, but still solid, introductory purchase APR. Aside from a few basic benefits, that’s about all there is to it — the intro APRs are its main draw.

- Sean Messier, Credit Card Insider
CreditCards.com

The Citi Diamond Preferred card is one of our top picks for transferring a balance thanks to its extra long promotional period — which gives cardholders nearly two years to pay off an interest-free balance and make interest-free purchases — and reasonable balance transfer fee.

- Andy Shuman, CreditCards.com

Details


Interest Rates
Regular APR Interest Rate 15.24% ‐ 25.24% (Variable) (0% for the first 18 months)

 This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 15.24% ‐ 25.24% (Variable) (0% for the first 18 months)
  • Intro rate applies on balances transferred within the first 4 months of account opening. 
  • This APR will vary with the market based on the Prime Rate.
Cash Advance Interest Rate 26.74% (Variable)

 This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 5%

Minimum of $5

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $39.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay, Samsung Pay, Android Pay
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
Suggest a correction

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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


SmartAsset

A balance transfer heavyweight

The Citi Diamond Preferred Card offers a generous 21 months at a 0% intro APR, which will be a boon for anyone who needs plenty of time to pay down credit card debt from other cards. Though the card has some less-ideal features such as balance transfer and late fees and a penalty APR, it offers s...More

The Citi Diamond Preferred Card offers a generous 21 months at a 0% intro APR, which will be a boon for anyone who needs plenty of time to pay down credit card debt from other cards. Though the card has some less-ideal features such as balance transfer and late fees and a penalty APR, it offers some beneficial features like free FICO score and purchase protection. Overall, it’s a strong contender in the balance transfer card category.

Read full review

Less

Money Crashers

One of the best options out there for new cardholders

from Money Crashers

If you seek awesome service and the ability to finance big purchase or transfer high-interest balances without breaking the bank, you’d be hard-pressed to do better.

Read full review

If you seek awesome service and the ability to finance big purchase or transfer high-interest balances without breaking the bank, you’d be hard-pressed to do better.

Read full review

Less

Credit Cards Explained

Offers competitive rates and fees, but with a wide range of premium benefits

from Credit Cards Explained

The Citi® Diamond Preferred® Card is a rare card that appeals to those looking for a fantastic promotional financing offer without having to forgo some of the perks and benefits of a premium rewards card. Those who need help financing their purchases should not be looking to earn points, miles...More

The Citi® Diamond Preferred® Card is a rare card that appeals to those looking for a fantastic promotional financing offer without having to forgo some of the perks and benefits of a premium rewards card. Those who need help financing their purchases should not be looking to earn points, miles or cash back, but it's always nice to have entertainment and concierge purchase protection benefits, especially with a card with no annual fee.

Read full review

Less

Credit Card Insider

Designed to help out frequent travellers

from Credit Card Insider

The Citi Diamond Preferred Card offers a very long promotional APR period on balance transfers, as well as a shorter, but still solid, introductory purchase APR. Aside from a few basic benefits, that’s about all there is to it — the intro APRs are its main draw.

Read full review

The Citi Diamond Preferred Card offers a very long promotional APR period on balance transfers, as well as a shorter, but still solid, introductory purchase APR. Aside from a few basic benefits, that’s about all there is to it — the intro APRs are its main draw.

Read full review

Less

CreditCards.com

Extra long promotional period for transferring balance

from CreditCards.com

The Citi Diamond Preferred card is one of our top picks for transferring a balance thanks to its extra long promotional period — which gives cardholders nearly two years to pay off an interest-free balance and make interest-free purchases — and reasonable balance transfer fee.

Read full review

The Citi Diamond Preferred card is one of our top picks for transferring a balance thanks to its extra long promotional period — which gives cardholders nearly two years to pay off an interest-free balance and make interest-free purchases — and reasonable balance transfer fee.

Read full review

Less

Cardcruncher

Good for financing large purchases, thanks to its introductory 0% APR

The Citi® Diamond Preferred® Card is designed for people who want VIP experiences at concerts, sporting events and other live events. If you're looking to finance a large purchase, the Citi® Diamond Preferred® Card offers a promotional APR of 0% for 18 months, then 15.24% to 25.24%. Its high...More

The Citi® Diamond Preferred® Card is designed for people who want VIP experiences at concerts, sporting events and other live events. If you're looking to finance a large purchase, the Citi® Diamond Preferred® Card offers a promotional APR of 0% for 18 months, then 15.24% to 25.24%. Its high balance transfer fee makes it a poor choice for balance transfers, but you won't pay interest on purchases you make during the intro period so long as you pay them off before the promotion ends.

Read full review

Less

MagnifyMoney

A helpful way to finally dig yourself out of debt

from MagnifyMoney

The Citi Diamond Preferred Card – 21 Month Balance Transfer Offer is one of the longest intro periods you’ll find today. The longer the intro period, the more time you have to make a dent in your debt without incurring interest charges, which makes this card one of our top picks for balance transfer cards today.

Read full review

The Citi Diamond Preferred Card – 21 Month Balance Transfer Offer is one of the longest intro periods you’ll find today. The longer the intro period, the more time you have to make a dent in your debt without incurring interest charges, which makes this card one of our top picks for balance transfer cards today.

Read full review

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The Ascent

A generous balance transfer card to help you pay off debt

from The Ascent

Simply put, it's the longest balance transfer offer on the market, making it a solid pick for cardholders tackling their debt balances.

Read full review

Simply put, it's the longest balance transfer offer on the market, making it a solid pick for cardholders tackling their debt balances.

Read full review

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NerdWallet

A 0% card that sparkles

from NerdWallet

This card offers one of the longest 0% promotions on the market, but it also provides impressive perks.

Read full review

This card offers one of the longest 0% promotions on the market, but it also provides impressive perks.

Read full review

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The Simple Dollar

The perfect card for balance transfers and big purchases

from The Simple Dollar

Whether you’re considering a balance transfer to pay down debt or want to spread out payments on a large purchase you’ve been planning to make, the Citi® Diamond Preferred Card® is one of the best options on the market for you. 

Read full review

Whether you’re considering a balance transfer to pay down debt or want to spread out payments on a large purchase you’ve been planning to make, the Citi® Diamond Preferred Card® is one of the best options on the market for you. 

Read full review

Less

User Reviews


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