Citicard Diamond Review: Best Balance Transfer Credit Card

The Citicard Diamond is a top-notch balance transfer credit card that offers an impressive 0% introductory APR for 21 months. This means you can transfer high-interest debt to the card and enjoy no interest charges for over a year and a half.

The card's balance transfer fee is a reasonable 3% of the transferred amount, which is lower than many other credit cards.

If you're looking to save money on interest charges, the Citicard Diamond is an excellent choice.

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The Citi Diamond Preferred Card offers a range of benefits and features that make it an attractive option for those looking to manage their debt or make large purchases.

The card's 0% intro APR on balance transfers for 21 months is a standout feature, giving you a full two years to pay off your debt without incurring interest. This is especially useful for those with high-interest credit card debt.

You can also take advantage of a 0% intro APR for 12 months on purchases, which is great for big-ticket expenses that you can't or don't want to pay off all at once.

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One thing to keep in mind is that the intro 0% balance transfer APR offer only applies to transfers made within the first four months of account opening.

The card also comes with a balance transfer fee of 5% (minimum $5) based on the amount of each transfer, which could create a large upfront cost if you have to transfer a sizable balance.

Here are some key benefits of the Citi Diamond Preferred Card:

The card also has a $0 annual fee, which is a major plus for those trying to get out of debt.

The Citi Diamond Preferred Card is a good fit for people who are trying to pay off credit card debt. It offers a 21-month intro APR on balance transfers, one of the longest available.

This card can be a game-changer for those who need extra time to pay off their debt. If you're looking for a card to help you pay off credit card debt, you might want to give it a look.

However, it's essential to understand that this card demands attention and a clear understanding of the potential interest charges. If you don't read the fine print, you might end up accumulating more debt than you had when you started.

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The Citi Diamond card is a popular choice for those looking to make a large purchase or consolidate debt. The Citi Diamond Preferred Card offers a 0% introductory APR for 21 months on balance transfers.

You should also consider the balance transfer fee, which is 5% of the amount transferred, with a minimum fee of $5. This can add up quickly if you're transferring a large balance.

It's also worth noting that the regular APR on purchases is 15.74% - 25.74% (Variable), so be mindful of your spending habits to avoid high interest charges.

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The Citi Diamond Preferred Card isn't a rewards credit card, so you won't earn any rewards or cash back on an ongoing basis. This means you won't be tempted to spend more money just to earn rewards, which can be a good thing.

You'll be focused on paying off your balance, which is a great goal. The card encourages you to prioritize paying off your balance over earning rewards.

Unfortunately, this also means you might need to look for another card if you want to start earning rewards after paying off your balance.

When considering a credit card, it's essential to know what you're getting into.

The Citi Diamond Preferred Card is a great example of a card that offers a 0% introductory APR for 21 months.

This can be a huge advantage for those who need to pay off a large balance or make a big purchase.

The Citi Diamond Preferred Card also has no annual fee, which is a significant perk for those who want to avoid extra charges.

This can add up to significant savings over time, especially for those who use their card frequently.

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If the card you're considering isn't the right fit, there are other options to explore.

The Citi Double Cash Card is a good choice for those who want to earn rewards after paying off debt, as it offers straightforward rewards.

You might also want to consider other balance transfer credit cards, which can be a good option for people looking to consolidate debt.

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The Citi Double Cash Card is a good alternative to the Citi Diamond Preferred Card, especially for those who value simplicity in their rewards structure.

Here are a few more alternatives to the Citi Diamond Preferred Card:

The CitiCard Diamond offers a 0% intro APR on purchases for the first 12 months, making it a great option for large purchases or unexpected expenses.

You'll be charged a variable APR of 17.24% - 27.99% on purchases after the intro period ends, so it's essential to pay off your balance before then.

The card has no annual fee, which is a big plus. However, there are some ongoing fees to be aware of.

Here are the fees you should know about:

APRs can be a major factor in choosing a credit card, and the Citi Diamond Preferred is no exception. The card offers a 0% intro APR on purchases for the first 12 months, which can be a huge help if you have a large purchase to make or an unexpected expense to cover.

This intro APR period can be a game-changer for those who need to make a big purchase, but it's essential to note that the regular APR is 18.24%-28.99% variable. This means that after the intro period expires, you'll be charged a variable APR on purchases.

The Citi Diamond Preferred also offers a 0% intro APR on balance transfers, which can be a great option if you're working to pay off debt. However, keep in mind that there's a fee of either $5 or 5% of the amount of each transfer, whichever is greater.

Here's a breakdown of the APRs for the Citi Diamond Preferred:

The Citi Diamond Preferred Card has some ongoing fees to be aware of. The foreign transaction fee is 3% of each purchase transaction in US dollars.

If you're a frequent traveler, this fee can add up quickly. For example, if you spend $3,000 abroad three times a year, you'd be looking at an extra $270 in fees.

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The balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater. This means that if you transfer a large balance, you'll be paying a significant fee.

You can avoid the balance transfer fee by not transferring a balance or by paying off your existing balance before making a new transfer. Cash advances also come with a fee, either $10 or 5% of the amount of each advance, whichever is greater.

The APR after the intro period ends is 17.24% - 27.99% Variable, which can be avoided by not carrying a balance on your card.

Here are the fees associated with the Citi Diamond Preferred Card:

Rewards can give you extra value for using a credit card. Credit card rewards programs let cardholders earn points, miles, or cashback on purchases.

You can earn points, miles, or cashback on purchases with a credit card rewards program. These rewards can be redeemed for things like travel or merchandise.

With some credit card rewards programs, you can redeem your points, miles, or cashback for credits. This can be a great way to get a refund or statement credit.

Citi Diamond Preferred Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including travel, merchandise, gift cards, or credits.

The Citi Diamond Preferred Card is a solid choice for those looking for a no-annual-fee credit card.

The Citi Diamond Preferred Card does not have a welcome offer, which means you won't be getting any sign-up bonus or rewards for applying.

It's worth noting that the Citi Diamond Preferred Card is a great option for people who want a straightforward credit card with no annual fee.

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The Citi Diamond Preferred Card is a 0% intro APR credit card that's perfect for paying down debt. It offers a 0% intro APR on balance transfers for 21 months, which can save you a significant amount of money on interest.

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The card has no annual fee, which is a big plus. However, it doesn't come with a welcome bonus or earn rewards, which might be a downside for some people.

If you're looking for a card with a longer intro APR offer, you might want to consider the U.S. Bank Visa Platinum Card or the Citi Simplicity Card. These cards offer 0% intro APR offers, but they also come with their own set of fees and terms.

Here's a comparison of the Citi Diamond Preferred Card with two other popular cards:

Ultimately, the Citi Diamond Preferred Card is a solid choice for people who need to pay down debt quickly. Just remember to make the minimum payment each month and focus on paying off as much debt as you can before the intro APR offer expires.