Citi® Diamond Preferred® Card is a Mastercard, not a Visa.
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 bottom line. The Citi Diamond Preferred is a solid balance transfer credit card option for those who want to avoid paying an annual fee.
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.
What is the highest credit limit for the Citi Diamond Preferred card? The highest credit limit for the Citi Diamond Preferred card is over $10,000, according to multiple reports from cardholders on online forums.
The biggest benefit of the Citi Diamond Preferred is its 0 percent intro APR on balance transfers for 21 months (on transfers completed within 4 months of account opening), followed by a variable APR between 17.49 percent and 28.24 percent when the intro APR ends.
With a Citi credit card, like the Citi® Diamond Preferred® Card, Citi Premier® Card, or Citi® Double Cash Card, your minimum payment is equal to the full amount if your balance is under $41. If your balance is higher, you'll pay the greater of $41 or 1% of your balance plus interest and late fees.
The Citi Secured Mastercard could be the easiest card to get, since it's one of Citi's only cards for credit-builders and people with a limited credit history.
Level 3 credit card processing is used in B2B and B2G transactions to help larger businesses save on processing rates and fees. By collecting and providing an additional set of transactional data, this top level of processing offers significantly lower interchange rates for Visa and Mastercard transactions.
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.
In some cases, a balance transfer can positively impact your credit scores and help you pay less interest on your debts in the long run. However, repeatedly opening new credit cards and transferring balances to them can damage your credit scores in the long run.
While both card companies offer similar benefits, Visa generally extends more benefits for its lower-level credit cards than Mastercard does, which reserves the best perks for its premium cards.
The top-tier Citi credit card is the Citi Strata Premier℠ Card. It rewards cardholders with up to 10 points / $1 on purchases, and offers an initial bonus of 75,000 points for spending $4,000 in the first 3 months (limited-time offer), making it Citi's best rewards 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.
Undoubtedly, the most high-profile payment card in the world is often considered the American Express Centurion Card, commonly known as the “Amex Black Card.” However, true exclusivity goes beyond mere recognition; it embodies a luxury and distinction that few can access.
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.
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.
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
Apply with a good to excellent credit score (a 670–850 FICO score or a 661–850 VantageScore) for your best chance to qualify for a Citi Diamond Preferred card. Apply with a good to excellent credit score (a 670–850 FICO score or a 661–850 VantageScore) for your best chance to qualify for a Citi Diamond Preferred card.
There's no doubt about it. Diamonds are expensive. Diamonds cost more than gold or platinum.
A general rule of thumb is to keep your credit utilization ratio below 30%. And if you really want to be an overachiever, aim for 10%.