Citi Diamond Preferred Card Review

Citi Diamond Preferred Card is a credit card issued by Citibank. 

This card is designed for people with good credit. The minimum credit score to apply is 700. If you're wondering whether Citi Diamond Preferred Card is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of Citi Diamond Preferred Card

The Good	The Bad
Lower than average purchase APRs. No annual fee. Has an introductory APR rate on balance transfers of 0%. Multiple credit card perks. Includes emergency support. Purchase Protection. Citi Diamond Preferred Card reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase.

Is there a Citi Diamond Preferred Card cash back or rewards program?

No, Citi Diamond Preferred Card does not offer a rewards program.

Citi Diamond Preferred Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Citi Diamond Preferred Card benefits?

Citi Diamond Preferred Card provides the following benefits:

• Emergency Support
• Zero fraud liability
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Citi Diamond Preferred Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Citi Diamond Preferred Card has lower than average purchase APRs.

Citi Diamond Preferred Card has a variable purchase APR that ranges from 15.49% up to 25.49%. The card has a variable balance transfer APR that ranges from 15.49% up to 25.49%. It also has a variable cash advance APR of 26.99% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Citi Diamond Preferred Card Balance Transfers

Description
Balance Transfer APR	15.49% - 25.49%
Introductory Rate	0%
Intro APR period (months)	18

Citi Diamond Preferred Card Rates & Terms

Description
Balance Computation	daily balance (including current transactions)
Purchase APR	15.49% - 25.49%
Credit Limit	N/A
Penalty APR	29.99%
Cash Advance APR	26.99%
Security Deposit	N/A
Introductory Rate	0%
Intro APR period (months)	18

What are the Citi Diamond Preferred Card fees?

The following fees apply to Citi Diamond Preferred Card:

Citi Diamond Preferred Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	5%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Citi Diamond Preferred Card report your account activity to credit bureaus?

Citi Diamond Preferred Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Citi Diamond Preferred Card

• Visit the Citi Diamond Preferred Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.