Citi Diamond Preferred Card Review

The Citi Diamond Preferred Card is an upgraded version of the Citi Simplicity in that it has many of the great 0% APR perks with introductory rates and balance transfer rates, but the addition of extra perks like Diamond benefits and even a quasi-points reward program of sorts, albeit an extremely limited one. Assuming you have an excellent credit rating, is this Citi credit card worth your time and application? Read our review to learn more.

Here’s a high level Citi Diamond Preferred Card review of the benefits you get from this offer when you apply online today?

5 / 5 stars     

This is a Low Cost Credit Card

This credit card has many of the same APR benefits as the Citi Simplicity. It has no annual fee and an introductory APR of 0% on purchases and balance transfers for 18 months. This makes this particular card ideal for purchasing big ticket items or transferring old debt to a new card so that you can pay off these things a lot faster and in a more affordable fashion. Keep in mind that you still have to pay the 3% balance transfer fee, so make sure you can afford to get that flattened out on top of the older debt.

After the introductory period is over, your APR will be one of three rates, depending on your credit score, between just under 12% and just under 22%. Make sure that you pay off this balance before the introductory period ends or else you’ll be charged this interest rate on it which would rather undo the whole point of the card in the first place! Keep in mind too that this card does have a late penalty and furthermore, a fairly high APR on cash advances, so this is not something you’ll want to do too regularly. Otherwise, the Citi Diamond Preferred is a pretty affordable card, making it great for large ticket items you’ll have paid off within the introductory period and balance transfers.

More Info About the Citi Diamond Preferred Perks

This card has other perks on top of the low interest rate which is something that makes it stand out in the crowd. As a Diamond member, you get concierge services to help you do things like make reservations or buy tickets. You also get things like Private Pass which gives you access to events that others cannot get, free rental car insurance, and a photo of yourself at the front of your card as added security.

There is also a quasi-cash back rewards program which is limited, but an additional perk. This is the Extra Cash from Citi rewards program and what it does is earn you Extra Cash to the tune of 10% of the total amount of money you put on your card per shopping trip.

This cash is used to pay for things from the Extra Cash portion of the Citi site. You can buy things like merchandise, travel rewards and entertainment perks, so it’s kind of like a very limited points rewards system.

It may seem fairly minimal, but keep in mind that you’re getting this for free on top of everything else the card does, so it’s a nifty little treat.

Although this card is by and large a low-fee, low interest credit card, the perks you get for being a Diamond member is a nice addition to your wallet and a good reason to choose this card above others if you have the credit rating to back it up.

You can save a great deal of money with this credit card if its used properly and enjoy the ability to get a little bit of a rewards program to help you buy some treats. If all of this sounds good to you, apply for the Citi Diamond Preferred card here and enjoy!

5 / 5 stars     

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