Citi Diamond Preferred Card Review: 0% Intro APR for 18 Months on Purchases & Balance Transfers

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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.

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. Learn More About This Card

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. Learn More About This Card Here

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. Learn More About This Card

Alternative Credit Card Options

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. Learn More About This Card Here

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