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The Citi Diamond Preferred® Card is one of your best options for paying off big purchases or balances, providing one of the longest 0% introductory periods on the market.
You’ll pay no interest on balance transfers for 21 months, letting you stretch out your payment period to almost 2 years without paying that extra percentage. Purchases get a 0% rate for 12 months. There’s also no annual fee, so it shouldn’t cost you any money to use this card.
There are no rewards, like points or cash back, for spending with this card.
You will get some nice extra benefits, however, like a personal concierge line, access to discounts and special experiences, and shopping and travel protections.
For People with
- Annual Fee: $0
- Interest Rate: 14.24%–24.24% Variable
Quick Card Facts
- Get a 0% Intro APR on Balance Transfers for 21 months. After that, the APR will be 14.24%–24.24% Variable based upon your creditworthiness.*
- Get a 0% Intro APR on Purchases for 12 months.
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
- Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
- Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
- Let our 24/7 concierge service help book your hotel rooms, flights and more.
- $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
- No annual fee*
Logging In To Your Account
Once you’ve been approved for this card, you can log in to your account at citi.com. If you have more than one Citi card, you’ll be able to select the one you’d like.
You’ll see all of your account details, and a variety of options to view your finances, manage your account, redeem rewards, and request services.
You won’t earn any points or cash back for normal spending with this card. Instead, the real value of this card comes from the extra-long introductory period and the benefits, which you can see below.
Looking for a credit card you can earn points or cash with? Click here to learn all about and browse Rewards Credit Cards.
Choose Your Payment Due Date: A minor benefit, but a nice touch. You can choose the beginning, middle, or end of the month for your due date.
Automatic Account Alerts: Set up alerts to be notified about account information, like payment due dates and balance levels. You can be alerted by email or phone.
Citi® Identity Theft Solutions: If you become a victim of identity theft, Citi will help you take the necessary steps like identifying compromised accounts and filing police reports.
$0 Liability On Unauthorized Charges: You won’t be held responsible for fraudulent charges to your account.
Chip-and-Signature EMV Technology: This card is EMV-enabled with Chip-and-Signature technology, which provides a higher level of security and better accessibility when shopping in foreign countries.
Personalized 24/7 Concierge Service: Provides non-emergency assistance for a wide range of tasks and services, like booking travel and hotel accommodations, finding tickets or rare items, or information about new places you might visit. You can access the concierge by visiting the dedicated website or calling 1 (800) 741-5359.
Citi® Easy DealsSM: Visit citieasydeals.com to find exclusive deals at participating retailer, which include points and/or discounts at participating retailers, restaurants, and for certain travel expenses.
Citi® Private Pass®: Cardholders can visit the Private Pass website to find invitations to exclusive music, dining, and sports experiences, some of which are completely free. These include pre-sale and preferred tickets, discounts and complimentary services while dining, invitations to basketball training camps and private sports viewing parties, and more.
Purchase Protection: Provides coverage on items you buy against damage and theft, up to 120 days after the date of purcahse. Coverage is up to $1,000 per item, $50,000 per year.
Extended Warranty: Adds up to 1 year on a manufacturer’s warranty of 5 years or less. Provides coverage up to $10,000 per year.
Travel & Emergency Assistance: 24/7 help in any emergency you might run into on a trip. You can get quick medical and legal referrals, travel arrangements, or help finding services when you don’t speak the local language.
Worldwide Travel Accident Insurance: Provides up to $250,000 in compensation if you or a family member is involved in a tragic accident.
Trip Cancellation & Interruption Protection: If your trip is cancelled or disrupted for an eligible reason, this benefit provides up to $1,500 in reimbursement for certain non-refundable expenses you might end up making.
Worldwide Car Rental Insurance: Don’t pay extra for insurance when renting cars – you’ll get up to $50,000 in coverage against damage and theft at eligible rental companies. You’ll need to decline the rental companies own insurance to access this benefit.
The Costs & Fees
|Annual Fee||Intro Purchase APR||Intro Balance Transfer APR||Regular Purchase and Balance Transfer APR||Cash Advance APR||Foreign Transaction Fee|
|$0||0% for 12 months||0% for 21 months||14.24%–24.24% Variable||26.49% Variable||3%|
|Penalty APR||Late Fee||Returned Payment Fee|
|Up to 29.99% Variable||Up to $35||Up to $35|
The Bottom Line
This card does one thing, and it does it well. If you’re looking for a long 0% APR period for balance transfers this card will be tough to beat.
Use this card to pay off big purchases over time at no extra cost, or transfer a balance from a card with higher interest to pay it off at a 0% rate.
Just be sure to always make your payments on time, or you could lose your 0% rate and incur the 29.99% penalty APR instead. This would totally defeat the purpose of this card, so make it a priority to use this card responsibly.
Don’t forget about the extra perks either. Take some time to browse the offers you’ll find in the Easy Deals and Priority Pass programs, and keep the personal concierge in mind for whenever you have a task that could be outsourced to them, like finding a great restaurant or the best deal on a big purchase.
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