Bankdealguy has partnered with CardRatings for our coverage of credit card products. Bankdealguy and CardRatings may receive a commission from card issuers.
If you have been searching for one of the best 0% APR deal, look no further! With the Citi Diamond Preferred Card, you will get a 0% Intro APR for 18 months on purchases and balance transfers! It doesn’t seem to get any better than that. Continue to read more below to see how you can get the most out of this credit card and its current offer.
Table of Contents
Citi Diamond Preferred Card Summary
![]() The Citi® Diamond Preferred® Card offers: 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that, the variable APR will apply based on your creditworthiness. Balance transfers must be completed within 4 months of account opening. You'll also get free access to your FICO® score online. In addition, with Citi Entertainment®, 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. This card comes with no annual fee. |
Bonus Available | No sign-up bonus available for this card. |
Ongoing Rewards/Benefits | 0% Intro APR on purchases and balance transfers APR for 18 months
Cardholders earn benefits like: $0 fraud liability, Citi Concierge, & more! |
Foreign Transaction Fees | 3% foreign transaction fee |
Annual Fee | $0 |
* Bonus value is an estimated value calculated by BankDealGuy and not the card issuer.
View the latest valuations here.
Recommended Free Credit Score
(Excellent)
PROS
- One of the best 0% balance transfer APR deals
- Decent 0% purchase APR offer
- No annual fee
CONS
- Foreign transaction fee
- No grace period on purchases during 0% APR balance transfer period
- Balance transfer fee
Editor’s Alternate Pick
![]() With the Wells Fargo Platinum card: Pay down balances/debt instead of interest with Wells Fargo’s longest intro APR. Check your FICO® Credit Score with Wells Fargo Online® easily and get protected with zero liability protection for reported unauthorized transactions. Benefit from convenient tools to help create a budget and manage your spending with My Money Map. On top of that, get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill using your Wells Fargo Platinum card. This card comes with no annual fee. |
Introductory APR
The Citi Diamond Preferred card has a 18-month 0% APR promotion for purchases and balance transfers. Make sure that qualifying balance transfers must be made within 4 months of your account opening.
Please note that purchases begin to accrue interest after the end of the introductory period, even if you choose to transfer a balance under the 0% APR balance transfer promotion.
The following end of the introductory periods, variable regular APR applies depending on your creditworthiness.
Why you should apply for this card?
- Great Intro APR promotion for balance transfers: Citi Diamond Preferred’s introductory balance transfer promotion is a the longest in the business.
- No annual fee: This card has no annual fee, it’s good for those who want to take advantage of the introductory APR promotions.
- Personal concierge service: This portal is available only to Diamond Preferred cardholders.
- Low balance transfer fee: Citi Diamond Preferred has a fairly low balance transfer fee: the greater of 3% of each balance transfer or $5 minimum. This is low relative to competitors who charges a minimum of $10 on smaller transfers.
Why you shouldn’t apply for this card?
- No rewards: The Citi Diamond Preferred doesn’t offer cash back or travel rewards. So if you’re one to value rewards and great interest rates in equal measure, think twice before applying for this card.
- No sign-up bonus: Citi Diamond Preferred lacks a sign-up bonus. That’s a big downside relative to competing cards with solid intro APR promotions.
- Has foreign transaction fee: If you travel frequently, Citi Diamond Preferred’s 3% foreign transaction fee is a big downside for foreign travelers.
- Has a penalty APR: This is a drawback for cardholders who occasionally miss payments because this card charges penalty interest on past-due balances.
Other Citi Diamond Preferred Card Benefits
- Personal Concierge Service: Citi Diamond Preferred has a level of concierge service that’s available to only Diamond Preferred cardholders. A personalized portal with shorter lines than Citi’s regular service department.
- Free FICO Score: Not only that all Diamond Preferred cardholders are entitled to a complimentary FICO score online.
- Security features: Citi’s Fraud Early Warning system will notify you of suspicious account activity by text, email, phone or mail to keep you in the loop right away. And if you want another layer of protection, you can generate a virtual, temporary Citi credit card number to take the place of your real one while shopping online.
- $0 fraud liability: Get comprehensive protection from unauthorized purchases on your account.
Author’s Verdict
Look into the Citi Diamond Preferred Card, if you plan on making a big purchase since this card’s 0% introductory rate will you pay down the amount over time, for such a long grace period of time too. Not only that it has no annual fee. Provide feedback in the comment section below by telling us your thoughts and experience with this card. Make sure to visit BankDealGuy to find out more about the best 0% APR balance transfer credit cards.
![]() The Citi® Diamond Preferred® Card offers: 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that, the variable APR will apply based on your creditworthiness. Balance transfers must be completed within 4 months of account opening. You'll also get free access to your FICO® score online. In addition, with Citi Entertainment®, 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. This card comes with no annual fee. |
Alternative Credit Card Options
* Below are some of the top competitors to the Citi Diamond Preferred Card to consider.
![]() With the Wells Fargo Platinum card: Pay down balances/debt instead of interest with Wells Fargo’s longest intro APR. Check your FICO® Credit Score with Wells Fargo Online® easily and get protected with zero liability protection for reported unauthorized transactions. Benefit from convenient tools to help create a budget and manage your spending with My Money Map. On top of that, get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill using your Wells Fargo Platinum card. This card comes with no annual fee. |
• Chase Bank Bonuses. Chase usually offers the most sign-up bonuses out of all the big banks. Read up and enjoy several promotions for their Checking, Savings and Business accounts. • HSBC Bank Bonuses. HSBC has some big value offers available for their Checking accounts. Some require hefty deposits to qualify. They also have an online Savings account offering a very competitive rate. • Huntington Bank Bonuses. Huntington has Consumer Checking and Business Checking accounts available throughout the year. • Discover Bank Bonuses. As an online bank, Discover offers high and competitive rates on their Savings, CD, and Money Market accounts. Enjoy excellent customer service nationwide. • TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available. |
PROMOTIONAL LINK | OFFER | REVIEW |
Chase Business Complete BankingSM | $300 Cash | Review |
Chase Total Checking® | $200 Cash | Review |
HSBC Premier Checking Member FDIC | $450 Cash | Review |
HSBC Premier Checking Member FDIC | Up To $600 | Review |
HSBC Advance Checking Member FDIC | $200 Cash | Review |
HSBC Advance Checking Member FDIC | Up To $240 | Review |
Huntington 25 Checking | $300 Cash | Review |
Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
Huntington Bank Unlimited Business Checking | $400 Cash | Review |
Huntington Bank Business Checking 100 | $200 Cash | Review |
TD Bank Beyond CheckingSM | $300 Cash | Review |
TD Bank Convenience CheckingSM | $150 Cash | Review |
Axos Bank Basic Business Checking | $100 Cash | Review |
Aspiration Spend & Save | $100 Cash | Review |
Bankdealguy has partnered with CardRatings for our coverage of credit card products. Bankdealguy and CardRatings may receive a commission from card issuers.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Leave a Reply