Terms may apply to offers listed on this page. The Citi® Diamond Preferred® Card is ideal for those with a good to excellent credit. With its lengthy 0% introductory APR period for balance transfers and no annual fee, it offers a solid option for responsible borrowers.
Roughly 45% of people won't be able to get the Citi Diamond Preferred Card due to its credit approval requirement.
The highest credit limit for the Citi Diamond Preferred card is over $10,000, according to multiple reports from cardholders on online forums.
High-limit credit cards generally come with credit limits of $10,000 or more. Of course, what's considered a high credit limit will vary depending on a person's credit history, income and the card they're interested in, among other factors.
Having $20,000 in available credit is good if you use no more than $6,000 of that limit. It's best to keep your usage to $2,000 or less at any one time. That way, you keep your credit utilization ratio below 10%, which is great for your credit score.
There are no credit cards with a $50,000 credit limit guaranteed. However, it is possible to get a credit card with a $50,000 credit limit if you have excellent credit, a very high amount in income and assets, and little debt (if any).
The Citi® Diamond Preferred® Card* is a no-annual-fee credit card that includes an exceptionally long intro APR offer on balance transfers, making it one of the top balance transfer credit cards on the market.
It boils down to your financial habits and income. A good rule of thumb is to aim for a credit limit that's about 20-30% of your annual income. For example, if you make $50,000 a year, a good credit limit might be around $10,000 to $15,000.
The credit card that gives you the highest available credit is the Chase Sapphire Preferred® Card because it reportedly offers a maximum credit limit of $100,000. Chase Sapphire Preferred reserves its maximum credit limit for the highest-income individuals with good credit or better, though.
The Citi Diamond Preferred Card is not a suitable choice for cash back or rewards hunters. It won't help you get into a fancy airport lounge or provide you with cellphone coverage.
In essence, the Diamond Preferred is likely ideal for balance transfers, while the U.S. Bank Visa Platinum is a good option for funding large, upcoming purchases.
Yes, it is hard to get the Citi® Diamond Preferred® Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the Citi Diamond Preferred.
Citi does not limit the number of cards you can have, but it does limit the number of cards you can apply for (and be approved) within a specific period of time. You can only apply for one card every 8 days, and no more than two over a 65-day period.
Yes, Citibank has one luxury credit card, the Citi® / AAdvantage® Executive World Elite Mastercard®.
According to Experian™, one of the three main credit bureaus, the average total credit limit across multiple cards was about $30,000 in 2021. In 2022, the average credit limit for the baby boomer generation was about $40,000, while Gen X had about $36,000 in credit limit and millennials had an average of about $30,000.
Yes, $10,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $10,000 or higher.
Here's the average credit limit of members who matched their Citi® Diamond Preferred® Card or similar cards. The average credit limit for members who have matched with this card or similar cards is $8,395, with $3,000 being the most common.
The Citi Secured Mastercard is the easiest Citi credit card to get because it's the only Citi card that will accept applicants with limited credit (less than 3 years of credit history). The Citi Secured card requires a $200 refundable security deposit, but it has a $0 annual fee.
You might get instantly approved for the Citi Diamond Preferred card, especially if you applied online. But if the issuer needs to verify some of the information you submitted, it can take up to 7-10 business days to receive a decision.
Running up $50,000 in credit card debt is not impossible. About two million Americans do it every year. Paying off that bill?
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent.