Citi® Diamond Preferred® Card
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Citi® Diamond Preferred® Card
The Citi® Diamond Preferred® Card sets itself apart with an incredible 21-month 0% intro APR offer on qualifying balance transfers and no annual fee, making it a top pick for anyone looking for ample time to pay off credit card debt.
Our expert's summary:
Simply put, if you’re looking to pay off debt by avoiding interest on balance transfers for the longest time possible, it’s hard to beat this card.
Great for: Balance Transfers
Best for balance transfers
0% intro APR for 21 months on balance transfers is one of the longest interest-free periods available today.
Purchases: 0%, 12 months
Balance Transfers: 0%, 21 months
0% introductory APR for 21 months on balance transfers: One of the longest introductory periods on balance transfers we've come across, you'll get a 0% intro APR on the balance transferred for a full 21 months, which means you’ll have almost two years to pay off your balance.
0% introductory APR for 12 months on purchases: You'll also get a 0% intro APR on new purchases for the first 12 months. This is a helpful perk if you plan on buying anything with the card, although if you're trying to pay off debt, it's wise to focus on repayment and not make any new purchases.
No annual fee: This card comes with no annual fee, which is an important feature if your goal is to pay off debt.
FICO® Score for free: The Citi® Diamond Preferred® Card provides you with access to your FICO® Score for free. If building or rebuilding credit is important to you, this feature is helpful.
Choose your payment due date: A little flexibility can go a long way when it comes to managing your finances. The card lets you choose from any available payment date, whether it's in the beginning, middle, or end of the month. That way, you can set up automatic payments that are aligned with your paycheck.
A FICO® Score of at least 670 is recommended when you apply for the Citi® Diamond Preferred® Card. Citi designed this card for applicants with a credit score in the good to excellent credit range.
There are reports of people with scores in the mid 600s being approved for this card. For tips on increasing your credit score above 670, click here.
Paying down credit balances is the fastest way to improve your FICO® Score. That's because 30% of your credit score is based on how much of your available credit you're using. Your credit utilization is reported monthly, which means paying off debt could improve your credit score in one month!
If your priority is a long 0% intro APR for a balance transfer, the Citi® Diamond Preferred® Card clearly outshines the competition. The offer of 0% intro APR on purchases for 12 months is also helpful if you have an unexpected large expense and need to spread the cost out over time.
Our Credit Cards Experts
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