Citi Diamond Preferred Card Review

Aedam Jo Written by
Citi Diamond Preferred Card
8.09/10 MyCreditCardLab Score
Citi® Diamond Preferred® Card Rating & Score with Credit Cards System

Objective testing of credit cards involves conducting systematic evaluations based on predefined criteria to assess their features, benefits, fees, and overall value proposition.

For more information see our credit card score explanation here.
9.1

Intro APR

Intro APR credit cards offer a temporary period with low to no interest rates on purchases or balance transfers. They provide a financial break before regular rates apply.

For more information see our Intro APR score explanation here.
0% for 12 months from account opening date
8.7

Regular APR

The APR is the ongoing interest rate for balances on credit cards. This is after any intro or promo periods end. It affects the long-term cost of borrowing.

For more information see our Regular APR score explanation here.
18.24%-28.99% Variable
10

Annual Fee

Annual fee credit cards require a yearly payment for membership. They offer enhanced rewards, benefits, and services in exchange for the fee. They cater to individuals seeking premium perks.

For more information see our Annual fee score explanation here.
$0
5.4

Welcome Bonus

Welcome bonus credit cards offer a one-time reward. This could be bonus points, cashback, or statement credits. You get the reward by meeting spending goals. You must do so within a set time after opening the account. The rewards entice new cardholders with immediate benefits.

For more information see our Welcome bonus score explanation here.
This card does not offer a welcome bonus
5

Rewards

Credit card rewards programs let cardholders earn points, miles, or cashback on purchases. They can redeem these rewards for things like travel, merchandise, gift cards, or credits. This gives extra value for using the card.

For more information see our rewards programs score explanation here.
There is no ongoing rewards program, which limits its long-term value.
8.4

Benefits

Credit card benefits include perks and features from card issuers. They include travel insurance, purchase protection, and extended warranties. You also get airport lounge access and concierge services. They add value and usefulness for cardholders.

For more information see our benefits score explanation here.
Balance Transfers and Purchases
8.9

Recommended Credit Score

The recommended credit score is the minimum score recommended by the card issuer. It's for potential cardholders to qualify for a specific credit card. Meeting or beating this score boosts the chance of approval. It also gives access to the card's benefits and features.

For more information see our Recommended credit score Rating explanation here.
690 - 850 (Fair - Exceptional)
8.2

Foreign Transaction Fee

Card issuers impose foreign transaction fees. They apply to transactions in a foreign currency or with a foreign merchant. The fees are usually 1% to 3% of the transaction amount. They may apply to purchases, withdrawals, or transfers made in a foreign currency. This raises the cost of international transactions.

For more information see our foreign transaction fees score explanation here.
3%
9.1

Cash Advance Fee

Each time you use your credit card for a cash advance or ATM withdrawal, the bank applies a 'Cash Advance Fee'.

For example, a Cash Advance Fee of "3% (min $10)" means the fee will be 3% of the cash advance amount, with a minimum charge of $10.

For more information see our cash advance fee score explanation here.
5% (min $10)
8.1

Balance Transfer Fee

A balance transfer fee may apply when you transfer a balance from 'Credit Card A' to 'Credit Card B'.

This fee is imposed by the credit card that gets your transferred balance. In this case, that card is 'Credit Card B.' 'Credit Card A' never charges a fee.

For more information see our balance transfer fees score explanation here.
18.24% to 28.99% variable
How we rating & score here.

Best for

Discover the best credit card for your needs. Are you a student, rewards enthusiast, or cash back lover? Find the perfect fit with our thorough reviews and comparisons.
  • Small Business Owners
  • Entertainment
  • U.S. Supermarket Spending
  • Balance Transfers

Considerations

Consider key factors when choosing a credit card. These include interest rates, fees, rewards programs, and more. Make an informed decision to find the right card for your financial needs.
  • Interest Rates
  • Foreign Transaction Fee
  • Sign-Up Bonus
  • Intro APR, Introductory Bonus

Pros

Using a credit card has many pros. These include convenience, rewards, and building credit. They also include purchase protection and fraud security. You also get access to emergency funds and introductory offers. They help with budgeting and spending tracking. They also offer travel benefits and cash flow management. Plus, rental car insurance, extended warranties, and price protection. And online shopping security and opportunities for financial discipline.
  • 0% intro APR for 12 months on purchases
  • $0 annual fee
  • Offers intro APR for 21 months on Balance Transfers.

Cons

Using a credit card has cons. These include potential overspending, high interest rates, and fees such as annual fees and late payment fees. It can also hurt your credit score if used irresponsibly. Using a credit card can tempt you to carry a balance and incur interest charges. It also risks identity theft and fraud. It can lead to debt and reliance on credit for financial needs. And, it has limits on rewards and benefits compared to other forms of payment.
  • 5% (min $5) balance transfer fee
  • High regular APR
  • No rewards or welcome offer.
  • 3% foreign transaction fee
Why Trust MyCreditCardLab Review
  • 50+ Credit Cards Ranked
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At MyCreditCardLab, we value your trust above all else. We earn it with careful, fair analysis. We are fully transparent. We stick to strict editorial standards and independence. Your confidence in our content is our top priority.

See our full methodology

In This Review

Reviews Annual Fee Welcome Bonus Rewards Benefits Comparisons APR Credit Score needed FAQs
8.1

Review: Citi® Diamond Preferred® Card

Get in-depth credit card reviews covering features, benefits, fees, and rewards. Make informed decisions and find the perfect card for your financial goals.

For more information see our credit card score explanation here.

At MyCreditCardLab, we put each card to the score.

We score Citi® Diamond Preferred® Card 10 different factors that impact the benefits and rewards of the cards. scoring categories include:

Credit Cards Review Rating
Intro APR Very Good
Regular APR Very Good
Annual Fee Exceptional
Welcome Bonus Poor
Rewards Very Poor
Benefits Good
Recommended Credit Score Very Good
Foreign Transaction Fee Good
Cash Advance Fee Very Good
Balance Transfer Fee Good

Who can apply for Citi® Diamond Preferred® Card?

We have categorized Citi® Diamond Preferred® Card 4 main useful user criteria. it's applied using the MyCreditCardcLab methodology.

How is Citi® Diamond Preferred® Card Different?

The Citi Diamond Preferred® Card stands out. It has generous intro APR offers and no annual fee. The card has an introductory 0% APR on balance transfers for 21 months. It also has the same rate on purchases for 12 months. This gives cardholders plenty of time to pay off debt or make new purchases. And they can do so without interest.

Also, you get access to Citi Entertainment® events. The Citi Flex Plan adds even more to the cardholder experience.

10

Citi® Diamond Preferred® Card Annual Fee

Card type: No Annual Fee Credit Cards

Issuer Name: Citibank

No annual fee

Elevate your financial journey with the Citi Diamond Preferred credit card, featuring a $0 annual fee and a suite of tailored rewards and benefits to match your lifestyle and preferences.

5.4

Welcome Bonus

The Citi® Diamond Preferred® Card does not have a welcome offer.

9.1

APRs: Citi® Diamond Preferred® Card

Explore credit card APRs to understand borrowing costs. Learn how APRs vary for purchases, balance transfers, and cash advances. This is crucial for informed financial choices.

The table below shows the types of each APR brief description for the Citi® Diamond Preferred® Card.

Type of APR Rating
Intro APR - 0% intro APR on Purchases for 12 months, and then the ongoing APR of 18.24%-28.99% Variable APR 9.1/10Very Good
Regular APR - 18.24%-28.99% Variable 8.7/10Very Good
Purchase - 18.24%-28.99% Variable 8.8/10Very Good
Balance transfer - APR: 18.24% to 28.99% variable, Fee: Either $5 or 5% of the amount of each transfer, whichever is greater 8.1/10Good
Cash advance - Either $10 or 5% of the amount of each transfer, whichever is greater 9.1/10Very Good
Penalty - up to 29.99% 8.4/10Good
8.4

Citi® Diamond Preferred® Card Benefits

Discover the many benefits of our credit cards. They include cash back and travel perks, as well as purchase protection and fraud prevention. Explore our cards today and unlock a world of convenience and value.

Certainly! Here's a table. It shows the benefits of the Citi® Diamond Preferred® credit card:

Benefits Score
Free access FICO® Score

Get free access to your FICO® Score online.

 9.7/10Excellent
ID theft protection

This applies to the Citi Diamond Preferred® Card. if you use most of your payments using a credit card this feature is best for you.

However, Citi may offer identity theft resolution services. They help cardholders if they become identity theft victims.

 10/10Exceptional
$0 fraud liability

Era of Technology, You get standard security features. They include $0 liability for unauthorized charges. You also get contactless payment. It adds convenience and security.

 9.6/10Excellent
EMV chip technology

This feature is useful for today. The card may have EMV chip technology. It makes unique codes for each purchase. This lowers the risk of counterfeit card fraud.

 9.3/10Very Good
Citi Entertainment

You can get into special events, presale tickets, and exclusive entertainment experiences through Citi Entertainment®. It makes being a cardholder better with unique entertainment.

 9/10Very Good
5

Citi® Diamond Preferred® Card Rewards

Citi® Diamond Preferred® Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:

  • This card does not offer rewards

Balance transfer fee vs. interest payments

Card Payoff time Total estimated cost
Citi Diamond Preferred 21 months* $300 (5% balance transfer fee)
Credit card with 20% APR 26 months $1,730 (interest charges)

*Then an ongoing APR of 18.24% – 28.99% (Variable)

Pro Tip
The Citi Diamond Preferred® Card offers valuable benefits. These include 0% 12-month introductory APR periods. Also, access to exclusive events through Citi Entertainment®. And the option to turn purchases into fixed monthly payments with the Citi Flex Plan.
8.9

Recommended Credit Score

Credit Score : 690 - 850 (Fair - Exceptional)

We evaluate credit card options based on FICO credit scores. We ensure tailored recommendations that match your financial profile.

For more information see our FICO Recommended credit score Rating explanation here.

For individuals considering the Citi® Diamond Preferred® Card, we recommend a credit score between 690 (Fair) and 850 (Exceptional). This range ensures eligibility for personalized benefits and rewards that complement your credit profile. Apply now to access exclusive perks and enhance your credit card experience with us.

Compare The Citi® Diamond Preferred® Card vs. Other Popular Cards

Compare credit cards effortlessly to find the ideal match for your financial goals. Explore features, rewards, fees, and more to make informed decisions and maximize your benefits. You might want cash back, travel rewards, or low APR. Our tool makes it easy. It lets you compare many cards at once.

You have comprehensive information at your fingertips. You can select the card that best fits your spending and preferences. Take control of your finances. Find the perfect credit card for your needs with our easy comparison platform.
Citi® Diamond Preferred® Card Citi® Diamond Preferred® Card Bank of America<sup>®</sup> Customized Cash Rewards Card Bank of America® Customized Cash Rewards Card Discover it<sup>®</sup> Student Cash Back Card Discover it® Student Cash Back Card
8.1MyCreditCardLab
Score 		8.7MyCreditCardLab
Score

MyCreditCardLab Score 8.7

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
9.5
Regular APR
7
Rewards
7.8
Benefits
9
Welcome Bonus
10
Recommended Credit Score: 8
Foreign Transaction Fee: 8
Cash Advance Fee: 8.6
Balance Transfer Fee: 9.4
9.0MyCreditCardLab
Score

MyCreditCardLab Score 9.0

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
10
Regular APR
8
Rewards
8.8
Benefits
8
Welcome Bonus
8.5
Recommended Credit Score: 9
Foreign Transaction Fee: 10
Cash Advance Fee: 9.5
Balance Transfer Fee: 8.2
ANNUAL FEE
$0 $0 $0
INTRO APR
0% for 12 months from account opening date 0% first 15 billing cycles 0% intro APR for 6 months
REGULAR APR
18.24%-28.99% Variable 18.24% - 28.24% Variable APR 18.24% - 27.24% Variable APR
WELCOME BONUS
This card does not offer a welcome bonus $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Discover will match all cash back earned at the end of your first year with the card.
REWARDS
There is no ongoing rewards program, which limits its long-term value. choose the category that earns 3% for eligible spending. 5% cash back on rotating quarterly bonus categories
BENEFITS
Balance Transfers and Purchases $0 liability guarantee for fraudulent transactions, Paperless statement, Digital wallet Choice of card designs, Text and email alerts
CASH ADVANCE FEE / APR
5% (min $10) / Up to 29.99% 3% (min $10) / 3% 5% (min $10) / 18.24% - 27.24% Variable
BALANCE TRANSFER FEE
Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. 3% for 60 days from account opening, then 4% 10.99% APR on Balance Transfers for 6 months, and then 18.24%-27.24% Variable APR
RECOMMENDED CREDIT SCORE
690 - 850 (Fair - Exceptional) 690 - 850 (Fair - Exceptional) 630 - 689 (Poor - Fair)
FOREIGN TRANSACTION FEE
3% 3% None
BEST FOR
  • Small Business Owners
  • Entertainment
  • U.S. Supermarket Spending
  • Balance Transfers
  • Cash Back Seekers
  • Students
  • Everyday Spending
  • U.S. Supermarket Spending
  • Cash Back Seekers
  • Students
  • Bad Credit
  • U.S. Supermarket Spending
More Details Compare More Details Compare

Citi Credit Card Login

Follow these easy steps:

Step 1. Go to the Login Citi Credit Card page via the official link.
Step 2. Log in using your username and password. The login screen appears upon successful login.
Step 3. If you still can’t access Citi Credit Card Login then see forgot your username and password option.

Frequently Asked Questions (FAQs)

Still have questions? Check out some of the top FAQs on the Citi® Diamond Preferred® credit card below and get the answers you're looking for.

Does the Citi Diamond Preferred have an annual fee?

No, the Citi Diamond Preferred card does not charge an annual fee.

What is the maximum credit limit for the Citi Diamond Preferred?

Citi does not share the Citi Diamond Preferred's credit limit. As per our study, FICO score of 690 to 850 are needed. But, the higher your credit score and the longer you’ve used credit responsibly, the better your chances are to get a good credit limit.

Does the Citi Diamond Preferred card have rewards?

No, The Citi® Diamond Preferred® Card does not offer rewards or a sign-up bonus. The card's best feature is its long interest-free period. It offers 0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases.

About Aedam Jo

Aedam Jo is the Founder and Editor-in-Chief of MyCreditCardLab.com. Khunt has scored over 50+ Credit Cards himself. He has also written hundreds of reviews about their benefits, rewards, and fees. You may want cash-back rewards, travel perks, or low APRs. Aedam Jo Credit Card Reviews is here to guide you. We'll guide you through the complex world of credit cards clearly and confidently.

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