1. Credit Cards
  2. Insights
  3. Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card


Image of the Citi Diamond Preferred CardImage: Image of the Citi Diamond Preferred Card

234 reviews from reviews from Intuit Credit Karma members


Rating: 2 out of 5.
hands-thumbs-upImage: hands-thumbs-up

Great for a long balance transfer offer

cashImage: cash

Annual fee: $0

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Member stats

Updated: November 1, 2023

low-utilizationImage: low-utilization


Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

meetupImage: meetup

46 years

Average age of members who matched this card or similar cards.

cash-give-1Image: cash-give-1


Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.

Card highlights

yesImage: yes

No annual fee

yesImage: yes

Long intro APR for balance transfers gives you time to pay down debt

Citi® Diamond Preferred® Card: Long intro offer for balance transfers

Updated August 29, 2023

This date may not reflect recent changes in individual terms.

Written by: Tim Devaney



4 things you should know about the Citi® Diamond Preferred® Card

Here’s a quick breakdown of the Citi® Diamond Preferred® Card’s key features.

The long intro APR period could help you pay off your debt

The Citi® Diamond Preferred® Card could help you pay off your existing credit card debt with its introductory balance transfer offer.

The card comes with a 0% intro APR on balance transfers for 21 months from the date you make your first transfer. After the intro period expires, you’ll be charged a variable APR of 18.24% - 28.99% on balance transfers.

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

You’ll also be charged 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.

While the card’s balance transfer fee is high, the length of this offer makes it a good option for people who want as much time as possible to pay off their credit card debt without interest. It’s rare to see a card with an intro balance transfer period of 21 months.

Intro offer could help with large purchases

The Citi® Diamond Preferred® Card offers a 0% intro APR on purchases for the first 12 months from account opening. When the intro period expires, you’ll be charged a variable APR of 18.24% - 28.99% on purchases.

While we don’t recommend carrying a balance if you can avoid it, this offer could help you out if you have a large purchase you’d like to pay off over time, or if you have to cover an unexpected expense that throws off your budget.

You won’t be distracted by rewards

The Citi® Diamond Preferred® Card isn’t a rewards credit card and has no connection to the Citi ThankYou® rewards program, so you won’t earn any rewards or cash back on an ongoing basis.

But that’s not necessarily a bad thing. Instead of tempting you to spend more money just to earn rewards, the Citi® Diamond Preferred® Card encourages you to focus on paying off your balance.

Unfortunately, that also means you might need to look for another card if you want to start earning rewards after paying off your balance. Otherwise, you’ll have to be OK with using your card as a payment option, not a way to earn something extra.

No annual fee to hold you back

If you’re trying to get out of debt, paying an annual fee for a balance transfer card might seem like it defeats the purpose.

So it’s important to note that the Citi® Diamond Preferred® Card comes with a $0 annual fee.

Think of it as one less obstruction on your path to getting out of debt.

Take a close look at the fine print

Citibank puts up a few more stumbling blocks that could trip up even the most responsible cardholders.

Who this card is good for

The Citi® Diamond Preferred® Card can lend a helping hand to people who are trying to pay off credit card debt. The intro APR offer for 21 months on balance transfers is one of the longest available, so if you’re looking for the most time to pay off credit card debt, you might want to give it a look.

But that doesn’t mean this card is the right choice for everyone. Whether you want to transfer a balance or make a large purchase, the Citi® Diamond Preferred® Card demands close 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.

Member reviews

Updated: November 8, 2023

Overall rating:


Rating: 2 out of 5.

234 reviews from Intuit Credit Karma members

Most helpful positive review

March 17, 2023

Rating: 4 out of 5.

Great balance transfer card

Credit Karma Member

Stumbled upon this on credit karma, i had a cc with a $3500 balance charging me 80/month in interest. I applied and got approved for $4,600 right away which was plenty, went through the balance transfer process pretty quick and they only charged me $176 one time fee. Finished paying off the card thanks to $0 every month. The only reason i don’t give it a 5 star is because customer service was atrocious other than that really good experience with the card.

Most helpful negative review

April 8, 2022

Rating: 1 out of 5.

Don't Do It. Just Pass

Credit Karma Member

This card killed my credit score. (I have 2 of them) I've had the first card for a few years and enjoyed a high credit line (>$22K). They experienced a system issue and applied my payment late by 2 days, then used that as justification to kill my credit line (From $22K to $11K) and jack up the interest to their penalty rate of 29.99%. Phone calls were pointless as they readily acknowledged a system fault but insisted that nothing could be done. This put my credit utilization from 48% to 98% which torpedoed my credit score. The higher Int rate meant my $500+ p/mo payments were closer to minimum payments now. Credit line Halved. Utilization Doubled. Int. Rate almost tripled. Paid it off and put it up. The other one as well. Not letting a credit card company kill me like that. Customer service was a joke.

All member reviews