Introducing the Citi® Diamond Preferred® card, a premier choice for those seeking exceptional value and financial flexibility. Designed with a focus on savings and convenience, this card stands out in the realm of credit cards with its enticing features and benefits. Whether you’re looking to consolidate high-interest debt, make significant purchases, or simply enjoy the peace of mind that comes with robust security measures, the Citi® Diamond Preferred® card offers a compelling array of advantages.

With no annual fee and competitive introductory APR periods, the Citi® Diamond Preferred® card sets itself apart by providing cardholders with substantial savings right from the start. Ideal for those who value financial efficiency without compromising on benefits, this card ensures ease of use and comprehensive support, making it a standout choice in today’s credit card landscape.

Key information about the Citi ® Diamond Preferred card

The Citi® Diamond Preferred® card offers significant advantages tailored to enhance financial management and security. Key features include a 0% introductory APR for 12 months on purchases and 21 months on balance transfers, followed by a variable APR ranging from 18.24% to 28.99% based on creditworthiness.

With no annual fee, cardholders benefit from $0 liability on unauthorized charges, free access to their FICO® Score, and Mastercard® ID Theft Protection™ at no additional cost. This card also supports digital wallets for seamless and secure transactions, making it a versatile tool for everyday and strategic financial needs.

How does the annual fee work?

The Citi® Diamond Preferred® card does not charge an annual fee, providing cardholders with a cost-effective option to manage their finances without incurring yearly membership costs. This feature allows users to maximize savings and focus on utilizing the card’s benefits, such as its introductory APR offers and security features, without the burden of additional fees.

How is the credit limit determined?

Citi determines the credit limit for the Citi® Diamond Preferred® card based on several factors, including the applicant’s credit history, income level, existing debt obligations, and overall creditworthiness. These factors collectively determine the initial credit limit assigned to each cardholder.

For secured credit cards, the limit is often tied to a deposit made by the cardholder, while conventional credit cards rely more heavily on the applicant’s financial profile and credit score to establish the limit. This process ensures that the credit limit is set responsibly, balancing the cardholder’s financial capability with Citi’s risk management strategies.

Credit card benefits 

• Long introductory APR periods: Enjoy 0% introductory APR for 12 months on purchases and 21 months on balance transfers from the date of the first transfer, followed by a variable APR based on creditworthiness.
• No annual fee: Save on costs with no annual fee, ensuring more value from your spending.
• $0 liability on unauthorized charges: Protects cardholders against unauthorized transactions, providing peace of mind.
• Free access to your FICO® score: Monitor your credit health with complimentary access to your FICO® Score.
• Mastercard® ID theft protection™: Gain added security with Mastercard® ID Theft Protection™ at no extra cost, safeguarding against identity theft.
• Digital wallet compatibility: Use digital wallets for secure and convenient transactions online, in apps, and in stores, enhancing payment flexibility and security.

Long introductory APR periods

The standout feature of the Citi® Diamond Preferred® card is its extended introductory APR periods on purchases and balance transfers, offering significant savings on interest charges for those consolidating debt or making large purchases.

Disadvantages

• Balance transfer fee: While the card offers a generous introductory APR on balance transfers, there is a fee of either $5 or 5% of the amount of each balance transfer, whichever is greater. This fee can add to the cost of transferring balances, impacting potential savings.
• Variable APR: After the introductory periods for purchases and balance transfers, the APR adjusts to a variable rate ranging from 18.24% to 28.99% based on creditworthiness. Higher APRs may apply, especially for those with lower credit scores, potentially increasing interest costs over time.
• Foreign transaction fees: When using the card for purchases outside the United States, a foreign transaction fee of 3% of the U.S. dollar amount of each purchase applies. This fee can make international transactions more expensive compared to other cards that may waive foreign transaction fees.

Transfer fee

One notable drawback is the balance transfer fee, which, depending on the amount transferred, can significantly affect the potential savings for individuals looking to consolidate their debts or manage large balances efficiently.

Who can apply for this card?

The Citi® Diamond Preferred® card is accessible to individuals with a good to excellent credit score, typically above 670, and a stable income that supports credit card obligations. Eligibility is also influenced by factors like existing debt levels and overall financial health.

Citi evaluates these aspects to determine approval and credit limit allocation for applicants, ensuring suitability for those seeking a card with competitive introductory APR offers and robust security features, all without an annual fee.

How to apply for the Citi ® Diamond Preferred card

Via WebSite

To apply for the Citi® Diamond Preferred® card through the Citi website, the process is typically straightforward. Firstly, potential applicants should visit the official Citi website and navigate to the page dedicated to the Citi® Diamond Preferred® card.

Once on the card’s page, users can review key product details, including fees, benefits, and eligibility requirements. It’s essential to have basic personal information ready, such as full name, residential address, Social Security number, date of birth, and contact information.

The next step involves initiating the application process by clicking on the “Apply Now” button or a similar prominent link visible on the card’s webpage. This will redirect applicants to an online application form where they will need to enter their personal details and financial information.

It’s crucial to accurately fill out all required fields to ensure a smooth application process. After completing the form, applicants may be asked to review their information for accuracy before submitting the application electronically.

Once submitted, Citi will typically process the application and conduct a credit check to assess the applicant’s creditworthiness. If approved, applicants will receive their card in the mail, usually within a few business days.