The Citi Diamond Preferred credit card is a popular choice for those seeking an efficient and hassle-free payment method. Being fee-free and with international acceptance, it could be perfect for you.
And the benefits don’t stop there, as you can enjoy exclusive experiences offered through the Citi Entertainment program. This makes applying for the card even more appealing.
If you want to transform your financial life with a card that truly delivers on its promises, this option issued by Citi is ideal. Keep reading and find out how to apply for yours!
About the Issuer
Citi, also known as Citibank, is one of the largest financial institutions in the world, with a long history of innovation and trust. Founded in 1812, Citi offers a wide range of financial services, including credit cards, bank accounts, investments, and loans.
The Citi Diamond Preferred card is part of Citi’s portfolio, created to serve customers seeking simplicity and efficiency in their financial transactions. The brand is known for its solid reputation and commitment to customer satisfaction, offering products that make users’ financial lives easier.
Opting for a card issued by Citi means trusting an institution that values security, innovation, and excellence in customer service. With the Citi Diamond Preferred, you’re in good hands!
Benefits
International: The card is issued under the Mastercard brand, which is accepted in over 200 countries around the world. This way, you can shop at millions of digital or physical establishments.
Introductory 0% APR: The Citi Diamond Preferred offers an introductory 0% APR for 21 months on balance transfers and 12 months on purchases. This means you can transfer debts from other cards or make large purchases without worrying about interest during this period.
No Annual Fee: This card does not charge an annual fee, which helps save even more. You can enjoy all the card’s benefits without worrying about an additional charge at the end of the year​.
Exclusive Entertainment Access: Cardholders have exclusive access to Citi Entertainment, offering early ticket access and exclusive events like concerts, sports events, and dining experiences​.
Fraud Protection: With the Citi Diamond Preferred, you are protected against unauthorized charges, with a zero liability fraud policy. Additionally, the card offers identity theft protection.
Flexible Payment Date: You can choose your payment due date, providing greater flexibility and control over your finances.
Free FICO® Score Access: Users have free access to their monthly FICO® Score, helping to monitor credit profile changes and stay informed about their credit score.
Citi Diamond Preferred – Fees and commissions
The Citi Diamond Preferred card has no annual fee, making it an economical option for those looking to avoid fixed costs. However, there are some fees to consider:
- Balance Transfer Fee: 5% of the transferred amount, or a minimum of $5;
- Cash Advance Fee: 5% of the advance amount, or a minimum of $10;
- Foreign Transaction Fee: 3% of each transaction made in foreign currency.
The variable APR after the introductory period is 18.24% to 28.99%, depending on your credit qualification. The APR for cash advances is 25.24%, which is relatively high, so it is advisable to avoid using the card for these purposes whenever possible.
Card limit
The credit limit of the Citi Diamond Preferred card varies according to the individual credit analysis of the applicant. The limit approval considers factors such as credit score, annual income, credit history, and other relevant financial data.
Individuals with a good to excellent credit score and stable income are more likely to obtain higher credit limits. The limit flexibility allows the bank to adjust the amount according to the client’s payment capacity and credit usage behavior.
In some cases, it is possible to request a limit increase after a period of responsible card use, subject to a new evaluation by Citi. This approach helps ensure that the granted limits are compatible with each holder’s financial situation, promoting safe and efficient use of the available credit.
Positive points
- NO ANNUAL FEEThe card does not charge an annual fee, making it accessible to everyone.
- LONG 0% APR PERIODExcellent for balance transfers and large purchases without initial interest.
- ACCEPTANCEEnables international purchases.
Negative points
- NO REWARDS PROGRAMSDoes not offer points or cashback.
- BALANCE TRANSFER FEEThe 5% fee can be high for large transfers.
- FOREIGN TRANSACTION FEESThe additional 3% cost for international purchases can be inconvenient for frequent travelers.
How to apply for Citi Diamond Preferred
To apply for the Citi Diamond Preferred card, follow these steps:
- Visit the official Citi website and go to the Citi Diamond Preferred card page;
- Click on “Apply Now” to start the application process;
- Fill out the form with your personal, financial, and employment information;
- Submit your application and wait for the credit analysis response.
How to contact Citi Bank
To contact Citi about the Diamond Preferred card, you can:
- Visit a Citibank branch for in-person service
- Call 1-800-505-1675
The Citi card Diamond Preferred card is a solid choice for those seeking a credit solution with financial advantages and quality additional services. If you want to consolidate debt or make purchases without interest for an extended period, this card is ideal for you, so apply now!
