The Citi® Diamond Preferred® card stands out as a premier choice in the realm of credit cards, offering a myriad of benefits and features tailored to meet the diverse financial needs of consumers. Renowned for its exceptional balance transfer and purchase introductory offers, this card provides cardholders with unparalleled opportunities to save on interest and manage their finances effectively.

With rave reviews and a stellar reputation, the Citi® Diamond Preferred® card has cemented its position as a go-to option for individuals seeking reliability, flexibility, and cost-saving benefits in their credit card experience. Let’s delve into the key features and advantages that make the Citi® Diamond Preferred® card a standout choice in the competitive landscape of credit cards.

Key information about the Citi ® Diamond Preferred card

The Citi® Diamond Preferred® card offers an array of compelling features designed to enhance the financial well-being of its cardholders. With no annual fee, users can enjoy the card’s benefits without worrying about recurring charges.

The card also boasts generous introductory offers, including a 0% Intro APR for 12 months on purchases and a 0% Intro APR for 21 months on balance transfers, making it an attractive option for those looking to save on interest expenses.

How does the annual fee work?

The Citi® Diamond Preferred® card stands out among credit card options due to its absence of an annual fee. This means that cardholders are not required to pay any yearly charges simply for owning and using the card.

The lack of an annual fee allows users to fully enjoy the benefits and features of the card without the burden of additional costs. Instead, cardholders can focus on maximizing the card’s advantages, such as the generous introductory offers and robust security features, without worrying about recurring charges eating into their savings.

How is the credit limit determined?

The credit limit for the Citi® Diamond Preferred® card is determined based on various factors such as the applicant’s credit history, income, and financial stability. For conventional cards, Citibank evaluates these factors to set the credit limit. However, for prepaid cards like the Citi® Diamond Preferred® card, users can establish their credit limit by making a deposit.

Credit card benefits 

• Generous introductory offers: Enjoy a 0% Intro APR for 12 months on purchases and a 0% Intro APR for 21 months on balance transfers, saving significantly on interest.
• No annual fee: Benefit from owning the card without any annual fees, maximizing long-term savings.
• $0 liability on unauthorized charges: Protects against unauthorized transactions, ensuring peace of mind for cardholders.
• Complimentary access to FICO® score: Access your FICO® score at no extra cost, empowering informed financial decisions.
• Flexible payment due date: Enjoy the convenience of choosing your payment due date, allowing you to align your payments with your financial schedule and manage your budget effectively.
• Mastercard® ID theft protection™: Benefit from added security features such as Mastercard® ID Theft Protection™, safeguarding your personal information against identity theft and unauthorized access.

Introductory offers

A standout feature of the Citi® Diamond Preferred® card is its exceptional introductory offers, including a lengthy 0% Intro APR period for both purchases and balance transfers. This unparalleled benefit allows cardholders to save significantly on interest expenses, making it an ideal choice for consolidating debt or making large purchases while minimizing financial burden.

Disadvantages

• Balance transfer fee: A fee of either $5 or 5% of each transfer amount, whichever is greater, applies to balance transfers, potentially impacting savings from the introductory APR.
• Variable APR: After the intro periods, APR for purchases and transfers ranges from 18.24% to 28.99%, varying by creditworthiness, possibly resulting in higher interest charges.
• Foreign transaction fee: A 3% fee on transactions made outside the U.S. adds costs for international purchases or travel.

Unexpected charges

One significant drawback of the Citi® Diamond Preferred® card is the potential for balance transfers to be mistakenly recorded as purchases. This can shorten the low-interest rate term considerably, leading to unexpected charges and dissatisfaction among cardholders.

Who can apply for this card?

To qualify for the Citi® Diamond Preferred® card, applicants must meet certain requirements, including a minimum age, income threshold, and creditworthiness criteria. Additionally, factors such as the applicant’s credit history and debt-to-income ratio may influence approval decisions. While the card is accessible to a wide range of applicants, meeting these eligibility criteria is essential for a successful application.

How to apply for the Citi ® Diamond Preferred card

Via WebSite

To apply for the Citi® Diamond Preferred® card through the website, the process is typically straightforward. First, prospective applicants need to access the official Citibank website and navigate to the credit cards section.

There, they can find detailed information about the Citi® Diamond Preferred® card and its associated benefits. Next, applicants can click on the “Apply Now” or “Apply Online” button, which will take them to an online application form.

The online application form usually requires personal information such as full name, address, date of birth, Social Security number, and annual income. Additionally, applicants may need to provide employment information and details about their housing status.

Once all required information is entered, applicants can review their application for accuracy before submitting it electronically. After submitting the application, applicants may receive an instant decision on their approval status, or they may need to wait for further review by Citibank.

If approved, applicants can expect to receive their Citi® Diamond Preferred® card in the mail within a few weeks. During this time, they can track the status of their application online or contact Citibank customer service for assistance.

In-Branch

To apply for the Citi® Diamond Preferred® card through a physical branch or agency, the process begins by visiting a Citibank branch location. Upon arrival, applicants can request assistance from a bank representative who will guide them through the application process.

The bank representative will provide the necessary application forms and assist applicants in completing them. Applicants will need to provide personal information such as full name, address, date of birth, Social Security number, and annual income. Additionally, applicants may be asked to provide employment information and details about their housing status.

In addition to personal information, applicants may need to provide identification documents such as a driver’s license or passport. The bank representative will review the application forms with the applicants to ensure all information is accurate and complete.

After completing the application forms, applicants can submit them to the bank representative, who will then process the application on their behalf. Throughout the process, applicants can ask any questions they may have about the card or the application process to ensure clarity and understanding.

Once the application is submitted, applicants may need to wait for further review by Citibank before receiving a decision on their approval status. If approved, applicants can expect to receive their Citi® Diamond Preferred® card in the mail within a few weeks.

You will be redirected to another website.