Citi® Diamond Preferred® Card is a Mastercard, not a Visa.
Card type: Balance transfer and 0% APR. Annual fee: $0. APR: 0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases, and then the ongoing APR of 18.24%-28.99% Variable APR. Sign-up bonus: None.
Citi also issues both Mastercard and Visa card products. For example, the Costco Anywhere Visa® Credit Card by Citi and the Costco Anywhere Visa® Business Credit Card by Citi are both Visa credit cards. The rest of Citi's card offerings operate on the Mastercard payment network.
Yes, the Citi® Diamond Preferred® Card is hard to get, as it requires at least good credit (a credit score of 700+) for approval. On top of that, Citi will also consider your payment history, credit utilization, and annual income to help determine if you qualify.
What is the highest credit limit for the Citi Diamond Preferred card? The highest credit limit for the Citi Diamond Preferred card can be over $10,000 for most creditworthy borrowers, according to multiple reports from cardholders on online forums.
The Citi® Diamond Preferred® Card credit limit starts at $500 and can range over $10,000 for the most creditworthy borrowers. According to Citi, it bases your credit limit on the following: Your annual salary and wages. Any other annual income.
If your primary goal is to pay off debt and not much else, the Citi Diamond Preferred may be ideal — especially if you have a high amount of debt to transfer to the card.
The most difficult Citi card to get is the Costco Anywhere Visa® Card by Citi, since it's their only consumer card that requires excellent credit to qualify. You also need to join Costco if you're not already a member and earn enough income to afford monthly payments on the card.
Citi Diamond does not offer airport lounge access or any other travel-friendly perks. It is strictly a balance transfer card for people with good to excellent credit.
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If you are fortunate enough to score an invite to apply, you can enjoy very generous travel benefits, rumored to include access to private airport lounges, a personal concierge and travel upgrades.
Why are you replacing my card? Your Citi® Visa® card is being reissued as a Citi® Mastercard as part of a larger effort to offer a more consistent experience across many of our products and to look for new ways to enhance your experience in the future.
One significant difference between Visa and Mastercard is that Visa dominates the global credit market. Mastercard processes nearly less than half of what Visa does in annual payments and Visa's revenue is consistently higher. In 2022, close to 40% of all global card transactions were made using a Visa-branded card.
Benefits comparison: Visa vs. Mastercard. On entry level cards, there is very little difference between Visa and Mastercard, as both provide a similar suite of basic features. However, Mastercard includes impressive special luxury offers on its World and World Elite level cards, which can be attractive for big spenders ...
The only Citi metal credit card is the Citi® / AAdvantage® Executive World Elite Mastercard®, designed for frequent American Airlines flyers with good credit or better.
The easiest Citi card to get is the Citi® Secured Mastercard®, since it's the only Citi credit card that will accept applicants with limited credit (less than 3 years of credit history). This 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.
The best Citi credit card for airport lounge access is the Citi® / AAdvantage® Executive World Elite Mastercard®, since it offers an Admirals Club® membership. This will get you and up to two guests into over 100 different American Airlines and partner lounges around the world.
Although the Citi Diamond Preferred provides more time to pay off debt interest-free, the U.S. Bank Visa Platinum has a lower balance transfer fee, so you'll likely save more money by transferring your debt to the U.S. Bank Visa Platinum even if you need a full 21 months to pay off your debt.
Bogdan Roberts, Credit Cards Moderator
You can get a Citi Diamond Preferred cash advance by using the card to withdraw funds from any ATM that accepts Mastercard. Alternatively, you can visit a Citibank branch to request a cash advance in person.
However, the Dubai First Royale Mastercard* is rumored to be the rarest credit card in the world with less than 200 cardholders.
The length of time you've been using credit: If you have a short credit file, Citi is more likely to deny your application. It helps to have at least one credit card that's a year or two old. Recent credit applications: Citi is known for being strict with applicants who have applied for credit recently.
While these two rewards cards share some similarities, the Citi Premier card is better at helping you rack up points on more everyday purchases. In comparison, the Chase Sapphire Preferred offers a more impressive suite of cardholder benefits, especially when it comes to travel insurance and purchase protection.
Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.
The Citi Diamond Preferred card minimum payment is $41 or 1% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If your statement balance is less than $41, the Citi Diamond Preferred minimum payment will be equal to the amount you owe.