Citi® Diamond Preferred® Rewards Card

This low interest credit card is issued by Citibank.

This card received a rating of 3.50 out of 5.00

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The Citi® Diamond Preferred® Rewards Card, issued by Citibank, is designed for those with good credit who plan to take advantage of the reward program offered.

Introductory Rate:	0% APR for up to 12 Months
Time Period:	See Terms
Rate Applied To:	Balance Transfers
Additional Details:	The introductory rate is available on balance transfers submitted during the first twelve months.
Regular APR:	As low as 9.49%
Variable or Fixed:	Variable
Annual Fee:	$0
Annual Fee Details:	None
Application Fee:	n/app
Participation Fee:	n/app
Reload Fee:	n/app
Inactive Fee:	n/app
Total First Year Fees:	n/app
Type Of Rewards:	Point
Be sure to read the card's Terms and Conditions before applying!

Credit Card Review

The Citi® Diamond Preferred® Rewards Card, issued by Citibank, is designed for those with good credit who plan to take advantage of the reward program offered.

Through the reward program, cardholders earn five points for every dollar spent on purchases made at supermarkets, drugstores, and gas stations for the first twelve months of cardmembership, one point thereafter, and one point for every dollar spent on all other purchases. These points can also be redeemed for various items or services, and cardholders are given the option to reduce the card's APR for purchases and cash advances for varying amounts of time (which is a rare benefit). There is a 75,000 yearly limit to the number of points that can be earned, and points will expire in five years.

This card has no annual fee, and it has a reasonably low interest rate for purchases and balance transfers in comparison to other reward cards. In addition, the card has a 0% introductory rate that can be applied toward balance transfers for up to twelve months. Nevertheless, it is important to note that there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.

The card does provide platinum cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, car rental discounts, and various travel and emergency assistance services.

Therefore, those who plan to take advantage of the 0% introductory rate for balance transfers and are interested in participating in the reward program will benefit most from what the Citi® Diamond Preferred® Rewards Card has to offer.

This review was updated 2009-01-02T00:00:00.0000000-07:00

Reward Program Information

Type Of Rewards:	Point
Reward Program Optional:	No
	Optional programs may have a fee. See Terms and Conditions for details.

For Cards with Cash Back Incentives
Lowest Possible Rebate:	n/app
Highest Possible Rebate:	n/app
Additional Rebates:	n/app
Rebate Details:	n/app

For Cards with Point Incentives
Points Per Dollar Spent:	1 Point
Additional Points:	Earn 5 points per dollar spent at participating supermarkets, drugstores, and gas stations for the first 12 months of cardmembership; earn 1 point thereafter; and earn 1 point per dollar spent on all other purchases.
Point Details:	Points can be redeemed for various items or services including retail gift certificates, AT&T phone cards, rebate credits on the account, or an APR point decrease for the Citi® Diamond Preferred® Rewards Card account. See www.thankyouredemptions.com for more information.

For Cards with Airline Incentives
Miles Per Dollar Spent:	n/app
Additional Miles:	n/app
Program Details:	n/app

Rewards Expiration Period: 5 Years

Annual Limit: 75,000 Points

Additional Credit Card Perks

$0 liability on unauthorized purchases. Various Internet account related services. Identity theft solutions. Price protection program. Optional personal photo on card. Fraud and security protection services. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. Automatic bill payments. Year-end financial statement (upon request). Up to $1,000,000 in travel accident insurance. Auto rental insurance. Various travel and emergency assistance services. Medical referral services. Legal referral services. Lost luggage assistance. Discounts on auto rentals. See website for additional benefits.

Special Notations about the Citi® Diamond Preferred® Rewards Card

The APR for purchases and balance transfers varies according to the applicant's credit history and will be 6.24%, 10.24%, or 14.24% + Prime Rate. The minimum APR for cash advances is 19.99%. See website for complete terms and conditions of card usage and application disclosure.

Always read the credit card's Terms and Conditions before applying!