Citi® Diamond Preferred® Card review

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Recommended Credit Score

Excellent (740 - 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.

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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:
14.74% - 24.74% (Variable)
Terms and Restrictions Apply

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Citi® Diamond Preferred® Card Benefits

The Citi Diamond Preferred Card offers 18 months of zero percent APR on balance transfer offers and 18 months on purchases. After the intro period ends, the standard 14.74 percent – 24.74 percent variable APR will apply.

While 18 months is a longer-than-average intro period, it also comes with a 3 percent balance transfer fee (minimum $5) that must be completed within the first 4 months if you’re consolidating debt.

Advantages

  • Zero percent APR for 18 months on new purchases and 18 months on balance transfers (14.74 percent – 24.74 percent variable APR thereafter)
  • Access to Citi Entertainment

Disadvantages

  • You’ll pay either $5 or 3 percent of the amount of each transfer, whichever is greater
  • No rewards program

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 Entertainment and free access to your FICO Score. 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. Take advantage of the zero percent APR offer upfront. You’ll have 18 months to pay off consolidated debt or 18 months on new purchases (14.74 percent – 24.74 percent variable APR thereafter).

While using the card, be sure to leverage the Citi Entertainment access. The card doesn’t offer a way to earn rewards, but you can get access to presale tickets, discounts and more through this perk.