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When you have to make a big purchase but you don’t have the cash to do it, a credit card with 0% APR can help a lot. It’s not easy finding a credit card that will give you an 0% Introductory APR for more than 12 months, but Citi Diamond Preferred does just that. Cardholders can take advantage of a 0%* for 12 months on Purchases*. After that, the APR will be a 14.74% – 24.74%* (Variable), depending on creditworthiness.
Additionally, this card offers a number of travel and entertainment benefits that cardholders will enjoy.
Introduction to the Citi Diamond Preferred
The Citi Diamond Preferred is a great card for someone looking for VIP treatment for travel and entertainment along with a 0%* for 12 months on Purchases*. This card offers even more months for balance transfers at Intro: 0%* for 21 months on Balance Transfers*. Following the initial period, any remaining balance will be subject to a 14.74% – 24.74%* (Variable) APR that is dependent on your creditworthiness when you applied. You can check your credit scores for free on Credit.com to see where you stand. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)
Each balance transfer will have either a fee of $5 or 5% of the amount of the transfer (whichever is greater), and purchases made abroad will be subject to a 3% foreign transaction fee. Cardholders will enjoy enrollment in Citi Private Pass, which gives special access to pre-sale and VIP tickets for concerts, dining experiences and sports events, including draft parties, ProCamps and tickets to tournaments.
What’s the Current Sign-Up Bonus?
While this card doesn’t offer any points, miles, or cash back, it has one of the longest introductory APR periods in the industry, so you can take advantage of this offer if you’re main goal is paying off debt.
The Advantages of the Citi Diamond Preferred
This card offers many travel protections and services commonly found in high-end reward cards. For example, when you decline a car rental company’s collision loss and damage insurance and use your Citi Diamond Preferred card, you may be covered up to $50,000 in any country for theft or damage to the car.
And if you need medical or legal referrals while far from home, travel and emergency assistance will be available for you around the clock, regardless of where in the world you are located. With trip cancellation and interruption protection, you may be reimbursed for non-refundable trip expenses, such as change fees, up to $1,500 per year when you use Citi Diamond Preferred to pay for the trip.
No one wants to think about accidents, but this card offers $250,000 in Worldwide Travel Accident Insurance, so you can focus more on where to visit next than what would happen if a tragic accident occurred.
Be at ease when shopping with a variety of purchase protections, as well. With this card’s extended warranty coverage, you can add a year on manufacturer’s warranties of five years or less on any purchase, up to $10,000 per calendar year. Also, if a purchase you made with the Citi Diamond Preferred card is damaged or stolen within 120 days of purchase, you may be covered for up to $1,000 per item, up to $50,000 total per year.
This card is compatible with Apple Pay for easier shopping experiences. You can also turn on account alerts to manage your balance, remind you of payment due dates and let you know when you’ve gone over your credit limit. You can also make your card work around your schedule by changing your due date to a time that works best for you. In addition, a personal concierge will help you all your travel, entertainment, dining and shopping needs.
The Disadvantages of the Citi Diamond Preferred
This card does not have a rewards program, so if you want cash back or the ability to earn reward points or airline miles, this card may not be the right fit for you. (Here are some of the best cash-back credit cards in America if you’re looking for rewards.)
Who Is This Card Right For?
This card is best for someone who is looking for the longest promotional financing offer available in order to pay off their credit card debt or finance a big purchase interest-free. By offering Intro: 0%* for 21 months on Balance Transfers* (14.74% – 24.74%* (Variable), after that), this card allows you to take a break from interest charges for longer than you might have thought possible.
Frequently Asked Questions About Citi Diamond Preferred
What does the personal concierge do?
The personal concierge will provide information and referrals when you are in an unfamiliar area. If you are looking for a restaurant, the concierge can give recommendations based on type of cuisine and proximity to you, along with price ranges. You can also get help making travel reservations. Do you want to go on a cruise, but are overwhelmed by the options in a Google search? The concierge service will not only offer recommendations, but it can also make the reservation for you.
What benefits can I receive from Citi Private Pass?
Citi Private Pass offers pre-sale and VIP tickets to a variety of events including concerts, sporting events and dining experiences. There is often complimentary access to cardmember-only events as well, such as watching the Grammys telecast with free cocktails, hors d’oeuvres and gift bags. You can also get preferred tickets to see your favorite bands, which you can find on the Citi Private Pass website.
At publishing time, the Citi Diamond Preferred credit card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
This article was last updated on September 15th, 2017.