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The Citi Simplicity® Card vs. The Citi Diamond Preferred® Card

2 min read
Brendan Harkness By Brendan Harkness Oct 08, 2015 | Updated Mar 27, 2020

Some credit cards don’t offer points or cash back for purchases, but they can still give your wallet a helping hand in other ways.

That’s the case for these two credit cards offered by Citi: the Citi Simplicity® Card and the Citi Diamond Preferred® Card.

The Simplicity card is about as basic as they come, and the Diamond Preferred isn’t much different. They both have very long 0% intro APRs, and you won’t find an annual fee on either card.

Keep reading to see how they compare in their interest rates, benefits, and services.

Citi Simplicity® Card - No Late Fees Ever

Citi Simplicity® Card - No Late Fees Ever

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR14.74% - 24.74% (Variable)
Apply Now

securely on the issuer's website

  • No Late Fees, No Penalty Rate, and No Annual Fee… Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 14.74% – 24.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 14.74% – 24.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.74% – 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges

The information related to Citi Simplicity® Card - No Late Fees Ever has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR13.74% – 23.74% (Variable)
Apply Now

securely on the issuer's website

  • 0% Intro APR on balance transfers for 21 months from date of first transfer. After that, the variable APR will be 13.74% – 23.74%, based on your creditworthiness. All transfers must be completed in first 4 months.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 13.74% – 23.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid in full.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® score online.
  • With Citi EntertainmentSM, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • Shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.
  • The standard variable APR for Citi Flex Plan is 13.74% – 23.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.

Citi is a Credit Card Insider advertiser.

The Rewards

You won’t earn normal rewards, like points or cash back, with either of these cards.

The Benefits

Not much variability here. Check out a side-by-side comparison of the benefits offered by each card:

Citi Simplicity Citi Diamond Preferred

Perks

  • Free FICO Credit Score
  • Citi Entertainment
  • Free FICO Credit Score

Account

  • Choose your due date
  • Choose your due date

Security

  • Citi Identity Theft Solutions
  • Zero Liability Protection
  • Citi Identity Theft Solutions
  • Zero Liability Protection

Shopping

  • Citi Easy Deals
  • Citi Easy Deals

The Costs & Fees

Card Annual Fee Purchase APR Balance Transfer APR Cash Advance APR Foreign Transaction Fee
Simplicity $0 0% for 12 months, then 14.74% - 24.74% (Variable) 0% for 21 months, then 14.74% - 24.74% (Variable) 25.24% (Variable) 3%
Diamond Preferred $0 0% for 12 months, then 13.74% – 23.74% (Variable)  0% for 21 months, then 13.74% – 23.74% (Variable) 25.24% (Variable) 3%
Card Penalty APR Late Fee Returned Payment Fee
Simplicity None None Up to $40
Diamond Preferred Up to 29.99% Variable Up to $40 Up to $40

The Verdict

These cards are quite similar when it comes to some of the main terms here: Neither card has an annual fee, and the purchase and balance transfer rates are the same.

You also won’t need to worry about late payment fees with the Simplicity if you forget to pay on time. And, the Simplicity has no penalty APR that could be applied if you make a late or returned payment.

It’s nice to have a card without these penalties, but as long as you commit to paying your bills on time you won’t have to worry about them. This would make the two cards basically equal.

The Bottom Line

Since neither of these cards offer rewards or have an annual fee, the right one for you will depend on what else you’re looking for in a credit card.

Do you absolutely need a card without late fees or a penalty APR? If so, the Simplicity is the better choice for you.

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The information related to Citi Simplicity® Card - No Late Fees Ever has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

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