Citi® Diamond Preferred® Card Review – 0% APR for 21 Months

Citi® Diamond Preferred® rd Review – 0% APR for 21 Months

The Citi® Diamond Preferred® rdis a straightforward credit rd with no annual fee andan industry-leading 0% introductory purchase and balance transfer APR promotion. Although it doesn’t offer a sign-up bonus, sh rewards program, or very low APRonce the introductory period ends, Citi Diamond Preferred is one of the best options out there for new rdholders who wish to transfer existing high-interest balances from other rds or make large upfront purchases which they n pay off over without racking up excessive interest charges. Plus, Diamond Preferred has some rdholder-friendly perks and ized touches that aren’t available on other no-frills rds.

Citi Diamond Preferred is comparable to a number of other no-annual-fee rds with long introductory purchase and balance transfer promotions, including U.S. Bank Visa Platinum, Citi Simplicity, BankAmerird Credit rd, and Chase Slate. It’s also comparable toentry-level, no-annual-fee cash back rewards cards with long intro APR periods, such as Discover it and Discover it Chrome, Capital One Quicksilver Cash Rewards Credit Card, Blue Cash Everyday Credit Card from American Express, BankAmerird sh Rewards Credit rd, and Chase Freedom.

There is no sign-up bonus for this rd.

This rd has a 21-month 0% APR promotion for purchases and balance transfers. Qualifying balance transfers must be made within 4 months of r account opening date.

There is no annual fee. The foreign transaction fee is 3% of the transaction amount. Balance transfers cost the greater of $5 or 3% of the transferred amount, while sh advances cost the greater of $10 or 5%. Late and returned payments both cost $35.

Citi Diamond Preferred has a special level of concierge service that’s available only to Diamond Preferred rdholders. ally, this is a ized portal with shorter lines (and more knowledgeable, less overworked personnel) than Citi’s regular service department. There’s a dedited 800 number and website.

In addition to ized concierge service, Diamond Preferred comes with a nice lineup of benefits. The most notey is Citi Private Pass, a Citi-exclusive program that entitles participants to pre-sales, VIP ages, and ocsional exclusive access to special events such as concerts, sporting contests, and celebrity-headlined events.

Other valuable benefits include:

This rd requires excellent credit. Even minor credit blemishes n adversely affect r applition.

For a no-annual-fee rd, the Citi® Diamond Preferred® rd is pretty exclusive. Unlike some competing rds, it holds applints to high credit standards.

There’s a method to Citi’s madness though. This is one of the few no-annual-fee rds with on-demand concierge service – a huge benefit when need immediate help. And that’s not even the best thing about Citi Diamond Preferred. This rd’s 21-month 0% APR purchase and balance transfer promotion is among the best in the business. If want awesome service and the ability to finance big purchase or transfer high-interest balances without breaking the bank, ’d be hard-pressed to do better.

The Citi® Diamond Preferred® rd is an excellent option if need to finance large purchases or transfer high-interest balances from existing rds during the first few months of rd ownership – that is, as long as n pay down rpurchases or transfers before the 21-month intro APR period expires. This is also a great option for rdholders who appreciate luxury perks and value-added benefits, but don’t want to pay an annual fee for the privilege. However, Diamond Preferred is not a good option for people who have less than excellent credit, nor those who appreciate sh back or travel rewards.

This rd’s amazing 0% APR purchase and balance transfer promotion, super-ized concierge service, additional benefits, low balance transfer fee, and lack of an annual fee are all great. Its restrictive credit requirements, foreign transaction fee, APR, andlack of a sign-up bonus or rewards count against it. Overall, it is an excellent rd for financing large purchases, transferring high-interest balances, and getting great service.

Editorial Note: The editorial content on this is not provided by any bank, credit rd issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit rd issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

tegories: Citi, Credit and Debt, Credit Cards, Reviews

Brian Martucci writes about frugal living, entrepreneurship, and innovative ideas. When he’s not interviewing small business owners or investigating - and money-saving strategies for Money Crashers readers, he’s probably out exploring a new trail or sampling a novel cuisine. Find him on Twitter @Brian_Martucci.

Comments Disclosure: The below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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Citi® Diamond Preferred® rd Review – 0% APR for 21 Months