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Apply online for Citi® Diamond Preferred® CardSponsored card
About Our Ratings
Credit Needed
Excellent/Good

Citi® Diamond Preferred® Card Review

Pros & Cons

  • Excellent card for those who are looking to consoldiate high interest credit card debt, with no annual fee.
  • 0% intro APR for 21 months on purchases and balance transfers which is the longest 0% intro APR we know of.
  • If you have a large purchase that will take a while to pay off, this is a clear winner for the task.
  • This card is only for those with Excellent credit. If you only have Good credit and want a long 0% intro APR on balance transfers, you may want to consider the BankAmericard® Credit Card

Top Features

Balance Transfer Intro APR
0%*
Balance Transfer Intro Period
21 months*
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Purchase APR
12.24% - 22.24%* (Variable)

Full Review

Curtis Arnold Editor-in-chief

Citi® Diamond Preferred® Credit Card Essentials

With 0% APR on purchases and balance transfers for 21 months, the Citi® Diamond Preferred® Card is a market leader for innovative intro offers with the longest 0% intro APR offer we know of. Diamond Preferred® was just awarded a 2016 Editor’s Choice Award for having one of the longest introductory APRs on the market, but Citi® doesn’t stop there.2016 CardRating's Editor's Choice Award Citi® Diamond Preferred® credit card takes benefits to another level by continuing to spoil customers long after the 21 month intro offer expires with VIP treatment: personalized concierge service, exclusive deals and access to pre-sale tickets for live events. (Citi® is a CardRatings.com advertiser).

Citi® Diamond Preferred® Card at a glance:

  • No annual fee
  • 0% APR on purchases and balance transfers for 21 months
  • Access to personalized concierge service for booking hotels, flights and various entertainment events
  • Pre-sale tickets and VIP packages to concerts, entertainment and sporting events through Citi® Private Pass®
  • Apple Pay™

What Our Editors Like Most About the Citi® Diamond Preferred® Credit Card

Let’s start with the most obvious: You get 0% APR on purchases and balance transfers for 21 months. The length of this introductory offer is simply unheard of.

This card is all about VIP treatment, giving regular folk a taste of the exclusivity and benefits that the other half typically enjoys. One great card benefit is Citi’s® 24/7 personal concierge service, where a representative will do everything from book your hotel to make your restaurant reservations. Want to see Fleetwood Mac in concert or Martin Short do his schtick? Citi® Private Pass® extends the special treatment by allowing cardmembers to purchase pre-sale tickets and VIP packages to concerts and various live events.
Price rewind is a new feature to the suite of Citi consumer products. The feature searches for a lower price on the registered items you pay for in full with your Citi card, and if the same item is found online at a lower price within 60 days of your purchase, you may receive a refund of the price difference. You're covered for up to $300 per item, and up to $1,200 per year.

If you think a credit card also should save you money, you’ll like Citi® Easy Deals (SM). The program gives you access to gift cards, merchandise and more than 200,000 exclusive, members-only discounts at retailers like CVS and the Gap.

Potential Downsides of the Citi® Diamond Preferred® Credit Card

It’s all about priorities when determining if this card is for you. If you’re looking for a low interest card for balance transfers and purchases that lasts just shy of two years, this is a great choice. If you’re looking for high-ongoing perks like cash back or airline miles, this isn’t the card for you.

And though the 0% intro APR for 21 months is one of the longest on the market, don’t get blindsided by the APR after the intro offer.  Depending on your creditworthiness the APR can shoot up significantly. See terms for the most current APR terms.

How the Citi® Diamond Preferred® Credit Card Compares to Other Preferred Cards

Citi® Diamond Preferred® Credit Card vs. Citi Simplicity® Card - No Late Fees Ever

Both cards offer 21 months of 0% APR for balance transfers and purchases. Both cards offer benefits like Price Rewind, travel assistance, worldwide car rental insurance, and shopping protection features. So, what really differentiates these two cards?

Citi® Diamond Preferred® Card is dedicated to ongoing concierge services whereas Simplicity has unique perks regarding payments: no late fees or penalty APR ever — a fairly unheard of concept.  The choice between these two cards will boil down to this: which perks match your lifestyle better?

Citi® Diamond Preferred® Credit Card vs. The Amex EveryDay® Preferred Credit Card from American Express

The facts:

  • The Amex EveryDay ®Preferred credit card shines with its point structure: get three times the points at supermarkets (up to $6,000 a year), two times the points at gas stations and one time the points on all other purchases.
  • The Citi® Diamond Preferred® credit card shines with its intro offer:  0% APR offer at 21 months vs. 12 months for the Amex EveryDay ®Preferred credit card.
  • The Amex EveryDay ®Preferred credit card has a $95 annual fee compared to no annual fee for Citi® Diamond Preferred®.

It’s all about priorities: If you want a long 0% APR period go for Citi® Diamond Preferred®, if you want ongoing cash benefits go for Amex EveryDay® Preferred.

Citi® Diamond Preferred® Card vs. Chase Freedom Unlimited SM

Both these cards are powerhouses when compared side by side: No annual fees and long intro APRs for purchases and balance transfers, though the Citi® Diamond Preferred® does win out with its 21-month intro period as compared to 15 months with the Chase Freedom Unlimited℠.

That said, if you can get by with the shorter intro period, what the Chase Freedom Unlimited℠ has over the Citi Diamond Preferred® is rewards-earning potential; an unlimited cap and 1.5 percent cash back on all purchases. If you’re in it for the rewards, Chase Freedom Unlimited℠ is a better choice; if you need a long intro APR, go with the Citi® Diamond Preferred®.

Who Should Get This Card?

Citi® Diamond Preferred® Card is perfect for someone with excellent credit who needs a card for everyday purchases without worrying about accumulating interest right away. With no annual fee and VIP treatment Diamond Preferred® might offer enough to be a good trade-off for the lack of rewards.

This card compared to other balance transfer cards

Balance Transfer Intro APR
0%*
0% Intro APR on Balance Transfers
0% Intro APR for 18 billing cycles for balance transfers made in the first 60 days
Balance Transfer Intro Period
21 months*
for 15 months
18 billing cycles
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
$0 Intro Fee on Transfers made within 60 days of Account Opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.
3% of the amount of each transaction or $10, whichever is greater.
Purchase Intro
APR:
0%*
Period:
21 months*
APR:
0% Intro APR on Purchases
Period:
for 15 months
APR:
N/A
Purchase APR
12.24% - 22.24%* (Variable)
13.24%-23.24% Variable 
11.24% - 21.24% Variable APR on purchases and balance transfers 
Annual Fee
$0*
$0
$0.00
Rates and Fees
This card is best for individuals seeking a low introductory APR offer and great online deals on name-brand merchandise, gift cards and even local deals.
CardRatings.com Editorial Staff

Citi® Diamond Preferred® Card details

Balance Transfer Intro APR
0%*
Balance Transfer Intro Period
21 months*
Purchase Intro
APR:
0%*
Period:
21 months*
Purchase APR
12.24% - 22.24%* (Variable)
Annual Fee
$0*

What Citi says about this card

  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • 24/7 access to Citi® Concierge for help in booking hotels, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
  • Free access to FICO® Scores*

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Apply online for Chase Slate®

Chase Slate®

  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO(R) Score and Credit Dashboard for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Credit Needed:
Excellent/Good
Apply online for BankAmericard® Credit Card

BankAmericard® Credit Card

  • 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then 11.24% - 21.24% Variable APR.
  • Balance transfer fee of either 3% of the amount of the transfer or $10 (whichever is greater) applies
  • No annual fee
  • Saves you more on interest when you transfer balances from higher rate credit cards
  • $0 Liability Guarantee, so you're not responsible for any fraudulent charges made on your account
  • Access your FICO(R) Score for free within Online and Mobile Banking
Credit Needed:
Excellent/Good