I’m a big fan of credit card perks. In fact, I use credit cards for almost all of my day to day spending so I can take advantage of their rewards, buyer protection programs, extended warranties, and similar features. While I personally gravitate toward cash back credit cards, I recognize there is credit card for just about everyone out there – people who like to travel, business owners, and even people who are currently in debt.
I know it sounds like the opposite of what someone in debt should do, but if used properly, transferring a credit card balance to a 0% balance transfer offer can help someone get out of debt, provided they make permanent changes to their spending habits.
Currently, one of the best balance transfer cards on the market is the Citi® Diamond Preferred® Card, from our partner Citi, which offers a 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 13.99% – 23.99% based upon your creditworthiness*.
But that’s not the only feature that makes this a great card. Let’s take a look at the pros and cons of the Citi® Diamond Preferred® Card and see who might benefit from it.
Citi® Diamond Preferred® Card Overview
0% Intro APR on Balance Transfers for 21 months. As we mentioned, this card features a 0% intro APR on balance transfers, allowing you to transfer your current high interest credit card debt to a 0% interest rate for 21 months. There is a 3% fee to transfer your balance (minimum $5). But that is likely much better than the current interest rate on most cards as it’s not uncommon to find credit card rates in the high teens, and low 20% range. This alone can save you hundreds, or even thousands of dollars in interest payments, depending on your current credit card balance and interest rate(s).
0% Intro APR on Purchases for 21 months. If you don’t currently have a balance on your card, then the 0% intro APR on purchases may be enticing, allowing you to make purchases without interest payments for the first 21 months. As long as this is used responsibly, this is a great benefit for people who are between jobs, starting a business, or who need to take out a small loan.
After 21 months, your regular variable APR will be 13.99% – 23.99% based upon your creditworthiness*.
Benefits Your Won’t Find Anywhere Else
There are a few features which stand out from other credit cards, specifically for those who want access to special events, or want to get creative with how they use their points. These include the Concierge Service and Private Pass Access, both of which are exclusive to Citi cardholders.
Citi® Easy DealsSM. Citi® Easy DealsSM is a no fee program that gives you special access to online discounts and the ability to earn Citi Easy Deals Points for purchases you make with your card. You can redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
Citi Diamond Preferred Concierge Service – available 24/7. This service is available around the clock to help you book airline tickets, hotel reservations, or get tickets to concerts, sporting events, and other attractions.
Other Citi® Diamond Preferred® Card Perks
Free Car Rental Insurance and other Travel Benefits. This card gives you free auto rental insurance when you use your card, discounts on car rentals, assistance with lost luggage, emergency and travel assistance services, Worldwide Travel Accident Insurance, and more – all of which come in handy when traveling.
Top Notch Security. This card features your photo on the front, reducing the ability for thieves to use the card in-person. Card members also have no liability for unauthorized purchases. To top it off, this card also features Citi® Identity Theft Solutions, Fraud Early Warning System, and Lost Wallet Service, all of which help you replace lost or stolen cards quickly, and help you get your finances back in order.
Access to Citi® Price Rewind. Citi® Price Rewind searches for lower prices online for 60 days for your registered purchases. Simply register your item and your purchase price online and Citi Price Rewind will search for lower prices. If they find one, you can get a refund -you can get back up to $500 per item and $2,500 a year*. How many other credit cards do you know of that will give you a refund on part of your purchase price after you make a purchase?
Extended Warranty: Cardmembers get the benefit of an extended manufacturer’s warranty when you make purchases with your Citi card.
No Annual Fee. You get all of these benefits without having to pay an annual membership fee.
Citi® Diamond Preferred® Card Details:
- Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 13.99% – 23.99% based upon your creditworthiness*
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer
- Citi® Price Rewind searches for lower prices online for 60 days for your registered purchases: you can get back up to $500 per item and $2,500 a year*
- $0 liability on unauthorized purchases and Citi® Identity Theft Solutions
- No annual fee*
- Free access to FICO® Scores*
Who This Card is For
Overall, the Citi® Diamond Preferred® Card is a solid credit card for a lot of people. Benefits such as the 0% intro APR on purchases and balance transfers, the Concierge service and Private Pass Access, travel benefits and security features make this a good credit card for those who are transferring credit card balances, planing any major purchases, or who like to travel or attend events.
To learn more or to sign up, you can visit the website or Apply for the Citi® Diamond Preferred® Card.