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Today, we will be discussing the Citi® Diamond Preferred® Card. This card offers a 0% introductory APR for 21 months on balance transfers (transfers must be completed within four months of account opening) and a 0% introductory APR for 12 months on purchases. After the introductory period, the APR will vary from 17.99% to 28.74% depending on your creditworthiness. To apply, simply visit Citibank’s website.
One of the key highlights of the Citi® Diamond Preferred® Card is its long introductory APR for balance transfers. This makes it an attractive option for individuals looking to consolidate their high-interest debt or make large purchases and spread out the payments without incurring interest charges. It’s important to note that balance transfers must be completed within the first four months of opening the account, and a balance transfer fee of 5% (minimum $5) will be applicable. Despite not offering any rewards, this card’s primary focus is on providing a low-interest solution for debt repayment or large purchases.
While there are other credit cards available with similar long introductory APR offers, such as the U.S. Bank Visa® Platinum Card and the Citi Simplicity® Card, they do not come with welcome bonuses or rewards programs. However, the Discover it® Balance Transfer does offer a 0% introductory APR on balance transfers for 18 months and on purchases for six months. Additionally, cardholders can earn 5% cash back in rotating categories (up to $1,500 in combined spending) and enjoy the benefits of Discover’s Cashback Match program, where all rewards earned in the first 12 months will be matched with no limits.
It’s important to remember that regardless of the credit card you choose, you will still be required to make minimum monthly payments, and the introductory 0% APR offer will eventually expire. Therefore, it’s crucial to focus on paying off your debt as much as possible during the introductory period to avoid accruing interest charges once the regular APR takes effect.
In terms of benefits, the Citi® Diamond Preferred® Card offers a few additional perks. Firstly, it provides access to your FICO® Score for free, allowing you to monitor any changes or improvements to your credit score. Furthermore, cardholders can enjoy Citi Entertainment benefits, which include special or early access to tickets for concerts, sporting events, dining experiences, and more.
In conclusion, the Citi® Diamond Preferred® Card presents a compelling option for individuals looking to manage their debt or make large purchases without incurring interest charges. Its long introductory APR offers and additional benefits make it a suitable choice for those seeking financial flexibility and access to exclusive entertainment experiences. However, it’s important to carefully consider your financial situation and payment capabilities before applying for any credit card.
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