Citi Diamond Preferred card has a longest balance transfer intro offer in the market where the APR interest fee is waived for 21 months. The credit card is ideal for people who want to transfer a big balance and plan to pay it off in less than 2 years. Using Citi Diamond Preferred to consolidate your debt can help you to save thousands of dollars on the interest fee. It is also easier to plan your budget with the card because it does not have any annual fee.
You must complete the balance transfers in 4 months to take advantage of the zero percent promo. Although it has zero interest charges on the balance, it does charge a 3% or $5 minimum balance transfer fee. You can easily get approved for the card if you have good or excellent credit.
The interest fee that is charged after the intro promo is in the range of 14.24% – 24.24%, which is a bit higher than other cards. For excellent credit, other credit card usually charge interest rate around 13.89%. However, this downside can be overlooked by its 21 months long intro. If you can pay off your debt in 21 months, you don’t have to pay anymore interest fee.
The card also features a 12 months zero percent intro promo for purchases. After the zero percent intro promo end, you are charged with an interest that ranges from 14.24% – 24.24%. You can use Citi Diamond Preferred to make a big purchase and pay it off within 12 months to avoid the interest charges.
When you shop with Citi Diamond Preferred, you can enjoy extended manufacturer warranty. The card features $0 liability and can protect you from unauthorized charges. Citi Private Pass gives you the special privilege of purchasing presale tickets and VIP packages. You can set your own bill payment due date in the beginning, middle and end of the month. The card offers 24/7 concierge, which allows you to access a personalized concierge.
The credit limit for the Citi Diamond Preferred card will start from $500. Your income and existing debt will determine the credit limit for the credit card. Citi Diamond Preferred does not offer any reward program but it is not important since you are using the card to pay off your debt. The card is not suitable for you to bring along when you travel in the overseas because it has a 3% foreign transaction fee.
If you have an account in good standing, you will be automatically enrolled in the City Easy Deals portal. In City Easy Deals, you earn 1 point for every $10 you spend. Citi Bonus Cash Center features a network of around 400.
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