Citi Diamond Preferred: Ultra-long 0% Intro APR Period on Balance Transfers

The Citi Diamond Preferred can help make a dent in your debt, but because the card doesn't earn rewards, it may not earn a long-term place in your wallet.

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Our Take

4.8

NerdWallet rating 

The bottom line: It offers a long 0% APR period for purchases and balance transfers, but other cards waive pricey fees for late payments.

Citibank Diamond Preferred Credit Card

on Citibank's application

Annual fee

$0

Regular APR

13.74% - 23.74% Variable APR

Intro APR

0% intro APR on Purchases and Balance Transfers for 18 months

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • No annual fee
  • Intro APR period
  • Intro balance transfer fee

Cons

  • Requires good/excellent credit
  • No rewards

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$0*

Annual fee

$0

Regular APR

13.74% - 23.74% Variable APR

Regular APR

14.49% - 24.49%* Variable APR

Rates & Fees

Regular APR

14.99% - 23.74% Variable APR

Intro APR

0% intro APR on Purchases and Balance Transfers for 18 months

Intro APR

0%* intro APR for 20 billing cycles on purchases and balance transfers*

Intro APR

0% intro APR on Purchases for 15 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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Full Review

The headlining feature of the -annual-fee  is its lengthy 0% intro APR on balance transfers and purchases — an interest-free period of more than a year. This super-long window could make it a worthy get-out-of-debt card for the right applicant.

The card doesn't earn rewards, however, so there's little incentive to use it once you've paid off your balance.

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Card type:  and .

Annual fee: .

APR: .

Sign-up bonus: None.

Rewards: None.

Balance transfer fee: 3% of each transfer; $5 minimum.

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The has two ideal features: a annual fee and a long 0% intro APR offer. Both can save you money as you pay down a balance.

With the , you’ll pay an intro . That's one of the longest interest-free periods for balance transfers on the market.

The lets you choose a monthly payment due date that works for you. That can offer a little flexibility as you attack your balance.

The doesn’t give you much reason to keep using it after you’ve paid off your balance. The , on the other hand, offers a solid introductory APR offer and great ongoing rewards. You get a . The card earns 5% cash back on rotating quarterly categories on up to $1,500 in purchases each quarter (activation is required); 1% on everything else. Bonus categories in the past have included restaurants, grocery stores, wholesale clubs, gas stations and more. The annual fee is .

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Most other cards also charge them, but Citi offers a sister card that doesn't. With the , there is no late fee or penalty APR if you miss a payment. These are nice safety nets for forgetful cardholders (although ). The has a generous 0% intro APR offer. But if that doesn't fit the bill, check out NerdWallet's list of for more options.

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If you know you'll need a long time to pay down an existing balance, the  could be an option. It offers one of the longest 0% intro APR periods on balance transfers available.

But if you're chronically forgetful, the  is a better choice.

Frequently asked questions