Citi® Diamond Preferred® Card review

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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Best balance transfer card

Annual Fee:
$0*
Purchase Intro APR:
0%* for 18 months on Purchases*
Balance Transfer Intro APR:
0%* for 18 months on Balance Transfers*
Regular APR:
15.24% - 25.24%* (Variable)
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: 0% Introductory APR, Balance Transfer.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Editor’s note: This offer is no longer available. For other Citi credit cards check out our list of Best Citi Credit Cards.

Citi® Diamond Preferred® Card: Details and benefits

The Citi Diamond Preferred Card offers 18 months of zero percent APR on both new purchases and balance transfer offers. After the intro period ends, the standard 15.24 percent – 25.24 percent variable APR will apply.

While 18 months is a longer-than-average intro period, it also comes with a high 5 percent balance transfer fee if you’re consolidating debt.

Advantages
  • Zero percent APR for 18 months on both new purchases and balance transfers (15.24 percent - 25.24 percent variable APR thereafter)
  • Access to Citi Private Pass and Citi Concierge
Disadvantages
  • You'll pay either $5 or 5 percent of the amount of each transfer, whichever is greater
  • No rewards program
  • The perks on this card come standard with every Citi card

Is the Citi Diamond Preferred worth it for you?

In the saturated credit card market, the Citi Diamond Preferred Card is pretty lackluster. You’ll earn no rewards, and the perks available are minimal. While it can add value to those looking for a short-term credit card to help you finance a large purchase or consolidate debt, the vast majority of people will be better served by another card.

The card does come with access to Citi Private Pass and Citi Concierge. However, those features are standard across all of Citi’s card offers — many of which would make a better choice for most consumers.

The Citi Rewards+ Card offers a solid intro APR offer, and you’ll have the opportunity to earn some stellar rewards on every purchase.

Get the most value from the Citi Diamond Preferred

Depending on your situation, you can certainly save a lot of money by taking advantage of this card’s intro offer. Let’s compare the Citi Diamond Preferred, the Citi Simplicity® Card and the Citi Rewards+℠ Card.

Intro offer savings Balance transfer savings
Citi Diamond Preferred $634 $484
Citi Simplicity $443 $623
Citi Rewards+ $434 $334

**Calculations based on $3,000 in new purchases or balance transfers. Balance transfer savings account for the balance transfer fee. Savings determined by calculating how much interest you would pay based on the highest variable APR of each card over the course of the intro offer period.

If you’re looking for a balance transfer card, the Citi Simplicity offers the most competitive intro offer with the best savings. If you’re interested in earning rewards, the Rewards+ offers significant savings and better perks. However, for a straightforward zero percent APR card for new purchases, the Citi Diamond Preferred might just be the card for you.

Take advantage of the zero percent APR offer upfront. You’ll have 18 months to pay off consolidated debt or new purchases (15.24 percent – 25.24 percent variable APR thereafter).

While using the card, be sure to leverage Citi Private Pass and Citi Concierge. The card doesn’t offer a way to earn rewards, but you can get access to presale tickets, discounts and more through these two perks.