
Crucial insights
Boasting one of the most extensive 0% intro APR offers on balance transfers available today, the Citi® Diamond Preferred® Card stands out among the sea of balance transfer credit cards. Complementing this is a promotional APR on purchases, perfect if you’re gearing up for a significant spend.
Coupled with no annual fee, cardholders enjoy exclusive privileges such as Citi Entertainment, Citi Easy Deals, and the Citi Flex Loan facility.
Understanding the Core Intro APR Advantages
The hallmark of the Citi Diamond Preferred lies in its lengthy introductory zero-interest period on balance transfers. Alongside this, the card extends a shorter-term 0% APR on purchases, giving consumers a degree of flexibility in managing their finances.
Balance Transfers: The 21-Month Interest-Free Window
When you initiate balance transfers within the first four months of opening your account, you benefit from an impressive 0% APR for 21 months. Afterward, the interest rate shifts to a variable range between approximately 17.24% and 27.99%, with a balance transfer fee set at whichever is greater: 5% of the amount transferred or $5.
Purchases: A Year of Interest-Free Spending
For new purchases, the card offers a 0% APR for a 12-month introductory period. Following this, the same variable APR band applies, ranging from roughly 17.24% to 27.99%.
Additional Benefits: Beyond the Intro APR
- Citi Entertainment: Early or VIP access to concerts, sport events, dining adventures, and more cater to cardholders craving those coveted front-row experiences or exclusive reservations.
- Citi Easy Deals: Unlock discounts at numerous retailers and restaurants locally and nationally upon enrollment, with greater perks available for higher yearly spends.
- Citi Flex Loan: Borrow against your card’s credit line at a fixed rate, repaid over time without hidden fees or credit checks. Note, eligibility varies, so check your account dashboard to see if you’re qualified.
Balance Transfer Intro APR | 0% for 21 months (transfers within 4 months) |
Balance Transfer Fee | 5% or $5 minimum |
Purchase Intro APR | 0% for 12 months |
Ongoing APR | 17.24% – 27.99% Variable |
Annual Fee | None |
Why Citi Flex Loan Stands Apart
It’s key to distinguish Citi Flex Loan from a traditional cash advance. The latter typically involves steep fees and towering interest rates. Flex Loan offers a smarter way to tap into your credit limit with controlled repayment schedules and no surprise charges.
Safeguarding Your Identity with Mastercard’s Protection
Identity theft can severely undermine your financial standing and creditworthiness. The Citi Diamond Preferred card partners with Mastercard to provide complimentary identity theft protection. Enrollment is quick—usually under five minutes—and allows you to customize which alerts you receive, helping you stay vigilant.
Pick Your Own Pay Date: Flexibility at Its Finest
Among the suite of perks, the ability to select your billing due date may be the most game-changing. Align your payment date with your income cycle or budgeting plan instead of adhering to a fixed schedule that might not suit your financial flow.
Tips to Fully Leverage the Citi Diamond Preferred
- Transfer your balances promptly—within the opening four months—to secure that coveted 0% APR window.
- Strategically use the 12-month 0% APR on purchases for big buys like vacations, home projects, or unexpected expenses, but plan your payoff timeline meticulously to avoid regular interest charges.
- Keep tabs on Citi Entertainment for advance ticket access to your favorite events, boosting your lifestyle without splurging.
Managing debt, financing purchases, or enhancing your credit profile becomes viable with the Citi Diamond Preferred provided your credit rating sits comfortably in the good to excellent tier. While it doesn’t reward you with cash back or points, the card’s value is rooted in smart money management rather than rewards accumulation.