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Citibank »
Credit Card Reviews » Citi® Diamond Preferred® Card |
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In-Depth Credit Card Review: |
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The Citi® Diamond Preferred® Card, issued by Citibank, is designed for those with good credit who plan to take advantage of the introductory rates and the excellent services.
This card has no annual fee, and it has a reasonable interest rate for purchases and balance transfers. In addition, the card has a 0% introductory rate that can be applied toward purchases and balance transfers for up to twelve months. Nevertheless, it is important to note that there is a minimum cap of 19.99% for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
The card also provides many cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, car rental discounts, and various travel and emergency assistance services.
Therefore, those who plan to take advantage of the 0% introductory rate for purchases and balance transfers and the many services that are provided will benefit most from what the Citi® Diamond Preferred® Card has to offer.
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| (Review Updated: May 05, 2008) |
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0% Intro APR on Purchases, Balance Transfers for up to 12 months
as low as 8.49% Regular Variable APR for Purchases
19.99% Regular Variable APR for Cash Advances |
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20 days Grace Period |
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| (* The introductory rate is available on purchases and balance transfers for up to twelve months.) |
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| Finance Configuration: Average daily balance. This includes new purchases. |
| Additional Cardholders: $0 |
| Late Payment Fee: $15 on balances up to $100, $29 on balances of $100 up to $250, $39 on balances of $250 and over |
| Over-The-Limit Fee: $39 |
| Cash Advance Fee: 3% of each cash advance; $5 minimum. |
| Balance Transfer Fee: 3% of each balance transfer; $5 minimum. |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: n/a |
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| Type of Reward: None |
| Additional Nones: n/a |
| Bonus Nones First Purchase: n/a |
| Bonus Nones Other: n/a |
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| Additional Features for Citi® Diamond Preferred® Card: |
Various Internet account related services.
Identity theft solutions.
Price protection program.
Optional personal photo on card.
Fraud and security protection services.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
Automatic bill payments.
Year-end financial statement (upon request).
Up to $1,000,000 in travel accident insurance.
Auto rental insurance.
Various travel and emergency assistance services.
Medical referral services.
Legal referral services.
Lost luggage assistance.
Discounts on auto rentals.
See website for additional benefits. |
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| Important Notes for Citi® Diamond Preferred® Card: |
The APR for purchases and balance transfers varies according to the applicant's credit history and will be 1.99%, 4.99%, or 6.99% + Prime Rate.
See website for complete terms and conditions of card usage and application disclosure. |
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| Notes: The review on Citi® Diamond Preferred® Card was updated on May 05, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
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