Citi Diamond Preferred Critical Analysis


Pay No Interest & Save Big

If you have good to excellent credit and are in search of a credit card offering a lengthy introductory APR on purchases and even longer on balance transfers then look no further. There is no annual fee and an enticing list of other cardholder perks to check out as well.

Citi® Diamond Preferred® Card

Purchase & Balance Transfer APR
0% intro APR for 12 months on Purchases and 21 months on Balance Transfers then 14.49% – 24.49% (Variable)
Balance Transfer Fee
Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.
Recommended Credit Score
Excellent/Good
(670 – 850*)
Annual Fee
$0

Critics’ Overview

If you have good to excellent credit and are looking for a card that offers an incredibly long intro APR on balance transfers and a decent intro APR on purchases and then this no-frills card is a good uncomplicated option. With the Citi® Diamond Preferred® Card (a CardCritics advertiser) you will pay no annual fee and save money on interest.

Card Details From Citi®

  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 14.49% – 24.49%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • The standard variable APR for Citi Flex Plan is 14.49% – 24.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.

Our Critical Analysis


  • Extremely long intro APR on balance transfers
  • No annual fee
  • Free FICO® score access

  • Shorter intro APR on purchases
  • Balance transfer fee is higher than other comparable cards
  • No ongoing rewards
  • No sign up bonus

The Citi® Diamond Preferred® Card is tailored to those who are looking to pay down debt. It is a good fit for anyone looking to transfer a balance from another high-APR credit card. New card members will benefit from a 0% intro APR and balance transfers for 21 months. After that a 14.49% – 24.49% (Variable) APR will apply. There is a 5% balance transfer fee ($5 minimum) but that fee is likely significantly less than the interest you are currently paying on another card. There is also a 0% intro APR for 12 months on purchases. After that the same 14.49% – 24.49% (Variable) will apply.

There are a handful of other perks that come with approval. You will get free access to your FICO® Score online, receive special access to tickets to thousands of events through Citi Entertainment® and speed through checkout with Digital Wallets and Contactless Pay options.

The major selling point of the Citi® Diamond Preferred® Card is its generous low APR period so it is not a big surprise that it is lacking in other areas. There are no ongoing rewards or introductory bonuses so if those features are important to you it is worth checking out the Wells Fargo Active Cash® Card card. It has a shorter intro APR period but offers lucrative cash back rewards.

If saving big and paying down your debt with a low APR card is your number one goal then the Citi® Diamond Preferred® Card is a solid option. Click ‘Apply Now‘ to securely submit your application today.


Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.