Citi® Diamond Preferred® Card

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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.

This card offers a solid intro APR offer, but you won’t find a rewards program or many other perks.

Here are the details

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% – 25.24% variable APR will apply. While 18 months is a longer-than-average intro period, it also comes with a high 5% balance transfer fee if you’re consolidating debt.

Worthy addition to your wallet?

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. If you’re specifically looking for an 18-month intro offer for balance transfers, the Citi Double Cash Card comes with that (then a variable APR of 15.74% – 25.74%) plus a way to earn up to 2% cash back on every purchase (1% when you purchase; 1% when you pay your bill).

Advantages
  • 0% APR for 18 months on both new purchases and balance transfers (15.24% - 25.24% variable APR thereafter)
  • Access to Citi Private Pass and Citi Concierge
Disadvantages
  • You'll pay a 5% balance transfer fee
  • No rewards program
  • The perks on this card come standard with every Citi card

How much can you save on interest with this card?

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.

Fees & APR:

  • 0% APR for 18 months on new purchases and balance transfers made within 4 months of account opening (15.24% – 25.24% variable APR, thereafter)
  • Balance transfer fee of $5 or 5%, whichever is greater
  • No annual fee?
  • Up to 29.99% penalty APR if you make a late payment or have a payment returned — the penalty APR may apply indefinitely
  • 3% foreign transaction fee
  • See rates and fees

How to get the most value from this card

Take advantage of the zero percent APR offer up front. You’ll have 18 months to pay off consolidated debt or new purchases (15.24% – 25.24% 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.