Citi Diamond Preferred Card Review

Credit CardsBalance Transfer ReviewsCiti Diamond Preferred Card Review

Citi Diamond Preferred Card Review

The basics

Balance transfer details

Intro APR


Intro Period

18 months


3% or $5, whichever is greater

Annual Fee


Regular APR

14.74% – 24.74% var

Credit Score Required


Good for: Lengthy introductory APR period

Our verdict

The Citi Diamond Preferred Card’s 0% introductory offer of 18 months applies to both balance transfers and new purchases, making the card a good choice or paying off debt or making a large purchase. But with the lack of a rewards program, the Citi Diamond Preferred Card doesn’t have much benefit beyond its intro offer.

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Beyond the basics

  • 0% introductory APR for 18 months
  • No annual fee

Purchase APR

0% for 18 months

Cash Advance APR


Penalty APR

up to 29.99%

Sign up Bonus


Foreign Transaction Fees


Late Fees



J.D Power Customer satisfaction Index 2019: 799/1000

Full review

Lender description Citi provides a wide range of financial services and products for consumers, companies, and government agencies and institutions with a goal of enabling growth and economic progress.

Best used for

  • Debt consolidation
  • Home improvement
  • Wedding
  • Moving and relocation
  • Vacation

Pros & Cons

  • 0% introductory APR for 18 months on balance transfers and new purchases
  • No annual fee
  • Access to Citi Entertainment program
  • No rewards program or sign-up bonus
  • Balance transfer fee of $5 or 3% of the amount transferred, whichever is greater
  • High regular APR (14.74%-24.74%) after introductory period ends

Most suitable for

  • Consumers looking to pay down high-interest credit card debt
  • Consumers looking to make a large purchase

Card Reward Details The Citi Diamond Preferred Card has a lengthy 0% introductory APR period on both balance transfers and new purchases, which makes the card ideal for paying down or eliminating debt.

How to apply Apply online or by phone at 1-877-645-3708. Existing Citi customers will have a shortened application.

COVID-19 resources Citi offers COVID-19 assistance to credit card users upon request.

Available The Citi Diamond Preferred Card is available nationwide.

Balance transfer example If you have a balance of $6,200 with an APR of 19.74% and pay $200 toward the balance each month, you would pay off your debt in 43 months with a total interest of $2,543.17. If you transferred that balance and still paid $200 each month, you’d pay off your debt in 35 months with total interest and fees amounting to $590.28, based on the average regular APR.