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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Jose Luis Pelaez Inc/Digital Vision/Getty Images December 15, 2021 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Nicole Dieker has been a full-time freelance writer since 2012—and a personal finance enthusiast since 2004, when she graduated from college and, looking for financial guidance, found a battered copy of Your Money or Your Life at the public library. In addition to writing for Bankrate, her work has appeared on CreditCards.com, Vox, Lifehacker, Popular Science, The Penny Hoarder, The Simple Dollar and NBC News. Dieker spent five years as writer and editor for The Billfold, a personal finance blog where people had honest conversations about money. Dieker also teaches writing, freelancing and publishing classes and works one-on-one with authors as a developmental editor and copyeditor. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Antonio Ruiz-Camacho is senior director of content for and . He has more than 20 years of international experience leading content teams, focused on consumer advice, technology and immigration. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Citi is an advertising partner. The is a that offers 0 percent introductory APR on purchases for 12 months and on balance transfers for 21 months (15.99% to 25.99% variable APR after that). That said, the Citi Diamond Preferred is one of the rare that does not offer any form of rewards—no cash back, no points. So, what does that mean if you’re considering adding the Citi Diamond Preferred to your wallet? Here’s everything you need to know about the benefits of Citi Diamond Preferred—including how to get the most out of the card’s balance transfer offer and how to maximize its perks and benefits along the way. As a reminder Details of the Citi Diamond Preferred Card
Rewards rate: None Welcome offer: None Annual fee: $0 Purchase intro APR: 0 percent for 12 months Balance transfer intro APR: 0 percent for 21 months Regular APR: 15.99% to 25.99% (variable) The Citi Diamond Preferred is a top thanks to its 0 percent intro APR rate on balance transfers for 21 months (balance transfers must be completed within the first four months of card ownership, 15.99% to 25.99% variable APR after that). The Citi Diamond Preferred doesn’t charge an annual fee, which makes it a good choice for people who want to without a yearly charge for card ownership. However, the Citi Diamond Preferred is not a , which means you aren’t going to earn any cash back on your purchases, get any Citi Diamond Preferred card travel benefits or rack up points or miles. In sum: If you want a simple, no-fee card with a lengthy low-interest offer that can help you or , the Citi Diamond Preferred could be the perfect tool for the job. If you’re looking for a or a , you should consider other options. Citi Diamond Preferred card benefits
0% intro APR on balance transfers
The biggest benefit of the Citi Diamond Preferred is its 21-month 0 percent intro APR on balance transfers (15.99% to 25.99% variable APR thereafter). This is one of the longest intro APR offers on the market, making the Citi Diamond Preferred one of the currently available. This means that, with the Citi Diamond Preferred, new cardholders get 21 months free of interest on balance transfers made within the first four months of card ownership. If you want to , the Citi Diamond Preferred is going to be one of your best options. Additional Citi Diamond Preferred credit card benefits
Citi Entertainment
Do you enjoy going out to concerts or spending the day at sporting events? With Citi Entertainment, Citi Diamond Preferred cardholders get early or VIP access to tickets for a variety of entertainment options, including music, sports, dining experiences and more. So if you like having early access to concert tickets or making reservations for the hottest new restaurant, consider Citi Entertainment another key benefit of the Citi Diamond Preferred. Citi Easy Deals
Citi Easy Deals are discounts you can earn on everyday purchases from participating retailers and restaurants, including local businesses. Citi Flex Loan
The allows you to borrow money on your Citi card’s credit line at a fixed interest rate. You can pay the loan back over a set period of time with no additional fees, applications, or credit inquiry required. However, Citi Flex Loans aren’t available to all Citi cardholders; you can check your account to see if you’re eligible. How to maximize Citi Diamond Preferred Card benefits and perks
To maximize your Citi Diamond Preferred’s benefits, be sure to make your balance transfer within the first four months of card ownership. Otherwise, you won’t be able to take advantage of the Citi Diamond Preferred’s 21-month 0 percent introductory APR on balance transfers (15.99% to 25.99% variable APR thereafter). To help get your balance transfers done on time, consider using Bankrate’s . Then, use our balance transfer calculator to determine how much you’ll need to set aside each month to pay off your debt . Additionally, don’t forget that the Citi Diamond Preferred’s low-interest offer also applies to new purchases. If you want to use your Citi Diamond Preferred to fund a vacation, cover a home improvement project or pay off a medical bill, make sure to take advantage of this 0 percent interest opportunity—and be sure you have a plan for paying off your large purchase before the regular interest rate kicks in. Is the Citi Diamond Preferred worth it
Remember that the Citi Diamond Preferred is not a rewards credit card, so if you were thinking about applying in order to maximize your , you’ll need to instead. That said, many people will find the Citi Diamond Preferred’s benefits to be more than enough for their long-term financial goals—meaning that a credit card that doesn’t earn points, cash back or miles might not be that big of a deal. Learn More: The bottom line
The Citi Diamond Preferred is a solid balance transfer credit card option for those hoping to avoid paying an annual fee. You won’t earn any cash back or points with the Citi Diamond Preferred, but you can use the card to get out of credit card debt, fund a major purchase or build your credit score as you pay off your outstanding credit card balances. SHARE: Nicole Dieker has been a full-time freelance writer since 2012—and a personal finance enthusiast since 2004, when she graduated from college and, looking for financial guidance, found a battered copy of Your Money or Your Life at the public library. In addition to writing for Bankrate, her work has appeared on CreditCards.com, Vox, Lifehacker, Popular Science, The Penny Hoarder, The Simple Dollar and NBC News. Dieker spent five years as writer and editor for The Billfold, a personal finance blog where people had honest conversations about money. Dieker also teaches writing, freelancing and publishing classes and works one-on-one with authors as a developmental editor and copyeditor. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Antonio Ruiz-Camacho is senior director of content for and . He has more than 20 years of international experience leading content teams, focused on consumer advice, technology and immigration.