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Citi Diamond Preferred: Longest Balance Transfer Promo Out There


If you want a great balance transfer deal, the Citi Diamond Preferred card should be high on your list. With an introductory rate of 0% interest on transfers for 18 months, this card offers just about the longest balance transfer deal out there. In addition, the Citi Diamond Preferred offers a lower-than- average transfer fee, as well as a competitive ongoing APR. Still, we think that other cards might be a better bet, whether by improving on the Preferred’s hidden fees or by offering rewards in addition to a 0% intro APR period. Read on to learn the details of the card, as well as a comparison to other balance transfer credit cards that we think give the Citi Diamond Preferred a run for its money.

Citi® Diamond Preferred® Card
Citibank Diamond Preferred Credit Card
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on Citibank's
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  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
  • No annual fee
  • 0% for 18 months*
  • No rewards
  • Needs excellent credit
Annual Fee Signup Bonus APR , Variable* APR Promotions
$0* 0% Intro APR on balance transfers and purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness. 11.99%-21.99%* (Variable) 0% Intro APR for 18 Months on Balance Transfers* and 18 Months on Purchases*

A great promo for transfers and purchases

The Diamond Preferred’s 18-month intro period is the longest of any card as of this writing. Unlike many other balance transfer credit cards, the Citi Diamond Preferred gives a full 18 months interest-free on both purchases and transfers. It offers a relatively low ongoing APR of 11.99% to 20.99% (as of this writing). Its balance transfer fee is only 3%, lower than the standard 5%. The card has no annual fee, but neither does it offer rewards or a signup bonus.

The Citi Diamond Preferred is a good choice if you need time to pay off debt interest-free, or if you plan to make a large purchase that you won’t be able to pay for upfront. If you aren’t paying off a debt, you may want to look for a rewards card instead.

Great transfer promos run in the family

When it comes to introductory transfer and purchase rates, Citi is at the top of the game. They dominate our rankings of the best balance transfer credit cards, and for good reason: their balance transfer fees are lower than the standard, and they have the longest intro periods out there. However, they’re somewhat lacking in the rewards department. Here is a comparison of the Citi Diamond Preferred with a few other balance transfer heavy hitters.

Citi Diamond Preferred vs. Citi Simplicity:

Citibank Simplicity Credit Card
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on Citibank's
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Like its siblings, the Citi Simplicity offers 18 months of 0% interest on transfers and purchases. Ongoing APR rates come in slightly higher, at 12.99% to 21.99%, but the Simplicity has something else to recommend itself: no penalties or late fees! The Citi Simplicity should win some big points with people who are worried about making monthly payments in full, and on time. And with ongoing APR rates ranging only 1% above those of the Citi Diamond Preferred, you won’t take much of a hit in that department. Since the Simplicity offers the same introductory period without late fees or a penalty interest rate, we’d suggest it over the Diamond Preferred.

Citi Diamond Preferred vs. Discover it:

Discover It Credit Card
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on Discover's
secure website

Though a great low APR and balance transfer card, the Diamond Preferred doesn’t offer any rewards. If you’re looking for a combination balance transfer and rewards card, the Discover It may be the ticket. Although it isn’t necessarily the best rewards credit card, it does combine 18 months of 0% interest with a reward program. The Discover It is a rotating bonus category card, so it gives 5% back on a set of categories that change quarterly up to $1,500, in addition to 1% back on all other purchases. The Discover It lets you have your cake and eat it, with an impressively long interest-free period and a reward program.

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