The Citi® Diamond Preferred® Card offers a 0% intro APR on purchases for the first 18 months from account opening. When the intro period expires, you'll be charged a variable APR of 14.74% - 24.74% on purchases.
Best 0% Credit Cards Compared
| Credit Card | 0% Intro APR |
|---|---|
| Citi® Diamond Preferred® Card | 0% for 18 months on purchases |
| Wells Fargo Platinum card | 0% for 18 months |
| Chase Freedom Unlimited® | 0% for 15 months on purchases |
| Citi Simplicity® Card - No Late Fees Ever | 0% for 18 months on balance transfers |
Yes, Citi Diamond Preferred is a good balance transfer card for people with good credit or better who need a long time to pay off their balance. Citi Diamond Preferred lets you do that at a reduced rate. It offers an introductory APR of 0% for 18 months on balance transfers. It also has a $0 annual fee.
Citi® Diamond Preferred® Card: Basics
APR: 0% intro APR on Purchases and Balance Transfers for 18 months, and then the ongoing APR of 14.74% - 24.74% Variable APR. Sign-up bonus: None. Rewards: None. Balance transfer fee: 3% of each transfer; $5 minimum.
When a credit card provides 0% APR it means you don't have to pay interest on purchases charged to it for some specified amount of time—usually between 12 and 21 months. Once a 0% APR period runs out, the card's regular ongoing APR will take over.
A 0% APR means that you pay no interest on new purchases and/or balance transfers for a certain period of time. The best 0% APR credit cards give 15-18 months without interest. ... And if you don't pay off your balance by the end of the 0% intro period, you'll have to pay interest on whatever balance remains.
How to Get a Lower APR on Your Credit Card
It's how we make money. But our editorial integrity ensures our experts' opinions aren't influenced by compensation. Terms may apply to offers listed on this page. The Citi® Diamond Preferred® Card credit limit starts at $500 and can range over $10,000 for the most creditworthy borrowers.
Both cards offer long intro APRs on both balance transfers and purchases and have no annual fee. The main difference is the Citi Simplicity® Card has fewer fees, while the Citi® Diamond Preferred® Card offers access to Citi Concierge and Citi Entertainment.
If you're a high spender, though, the points you'll rack up can be well worth it. You'll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. This card requires good credit and the annual fee is $95. This card's minimum credit line is $1,000.
NerdWallet's Best 0% APR and Low Interest Credit Cards of May 2021
Close no more than one credit card every six months, McClary says. "You want to be very careful about how you do it," he says. "Understand that even if you don't close them all at once – you just take them one at a time – it's still going to have a negative impact on your credit score," he says. Updated on Oct.
You can get a Citi Diamond Preferred cash advance by using the card (along with the account's 4-digit PIN) at an ATM. You can also visit a local Citi branch and request a cash advance in person.
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