Citi® Diamond Preferred® Card
The Citi® Diamond Preferred® Card offers one of the longest balance-transfer intro periods available, with no rewards to distract from paying down debt, with no annual fee. It offers 0% intro APR on balance transfers for 21 months and on purchases for 12 months. Its regular APR is 16.49%–27.24% variable. Rates and terms come from NerdWallet, our verified data partner with direct issuer relationships.
Is the Citi® Diamond Preferred® Card worth it?
The Citi® Diamond Preferred® Card offers one of the longest balance-transfer intro periods available, with no rewards to distract from paying down debt. We source these rewards and terms from NerdWallet, our verified data partner with direct issuer relationships. These figures carry our ◆ Partner data label — we did not pull them from the issuer ourselves.
The card has no annual fee. It offers 0% intro APR on balance transfers for 21 months and on purchases for 12 months. Its regular APR is 16.49%–27.24% variable.
The honest caveats: rewards, fees, and APR are partner-supplied and can change, and any regular APR is variable. A card like this only pays off if you pay the balance in full and the rewards or terms fit your situation. Confirm current details on the issuer’s own site. This is not financial advice.
How does a rewards credit card work?
A rewards credit card earns a percentage back on what you spend, which the issuer credits as cash back, points, or miles. You pay no interest if you clear the statement balance each month; carry a balance and the variable APR applies. The card reports your payment history to the credit bureaus.
What does the Citi® Diamond Preferred® Card cost if you carry a balance?
Carrying a $1,000 balance at the 16.49% minimum APR costs roughly $165 a year in interest. That is why a rewards card only pays off if you clear the statement balance every month — interest at this rate quickly outruns any rewards.
Illustrative estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Citi® Diamond Preferred® Card?
The Citi® Diamond Preferred® Card stands out for offers one of the longest balance-transfer intro periods available, with no rewards to distract from paying down debt, though rates and terms are partner-supplied — not fetched from the issuer ourselves.
- Offers one of the longest balance-transfer intro periods available, with no rewards to distract from paying down debt
- No annual fee
- Terms supplied by our verified data partner
- Rates and terms are partner-supplied — not fetched from the issuer ourselves
- Regular APR is 16.49%–27.24% variable
- Rewards or perks pay off only if they fit how you actually spend
Who should get the Citi® Diamond Preferred® Card?
The Citi® Diamond Preferred® Card is best for people shopping for a balance transfer card.
- People shopping for a balance transfer card
- Anyone comparing options from major issuers
- Cardholders who want clear, simple terms
How does the Citi® Diamond Preferred® Card compare?
Among the 7 balance transfer credit cards we track, the Citi® Diamond Preferred® Card ranks #3 with a money8020 score of 93/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| U.S. Bank Shield™ Visa® Card | 94 | Essential | U.S. Bank |
| BankAmericard | 93 | Essential | Bank of America |
| Citi® Diamond Preferred® Card | 93 | Essential | Citibank |
| Wells Fargo Reflect® Card | 93 | Essential | Wells Fargo |
| Citi Simplicity® Card | 81 | Strong | Citibank |
See all balance transfer credit cards, ranked →
Common mistakes to avoid with a rewards credit card
- Carrying a balance — interest at the regular APR quickly erases any rewards.
- Chasing a sign-up bonus with spending you cannot pay off in full.
- Missing the intro-APR deadline and getting hit with the full variable rate.
- Overlooking an annual fee that outweighs the rewards for your spending.
Key takeaways
- Citi® Diamond Preferred® Card earns a money8020 score of 93/100, ranking #3 of 7 balance transfer credit cards.
- Offers one of the longest balance-transfer intro periods available, with no rewards to distract from paying down debt
- Carrying a $1,000 balance at the 16.49% minimum APR costs roughly $165 a year in interest.
- Best for people shopping for a balance transfer card.
- Rate and terms sourced from our verified data partner, NerdWallet.
Frequently asked questions about the Citi® Diamond Preferred® Card
Does the Citi® Diamond Preferred® Card have an annual fee?
Per NerdWallet, our data partner, the card has no annual fee. Its regular APR is 16.49%–27.24% variable (as of 05/30/2026). Terms can change — confirm current details on the issuer's site. This is not financial advice.
What stands out about the Citi® Diamond Preferred® Card?
Per NerdWallet, it offers one of the longest balance-transfer intro periods available, with no rewards to distract from paying down debt. Confirm current terms with the issuer before applying.
Will applying for the Citi® Diamond Preferred® Card hurt my credit score?
Applying triggers a hard inquiry, which can dip your score a few points temporarily. Used responsibly — paying on time and keeping balances low — the card builds your credit over time.
Do the rewards on the Citi® Diamond Preferred® Card expire?
On most cards, rewards do not expire while the account is open and in good standing, though terms vary. Redeem regularly and check the issuer's rewards policy.
Sources
We sourced these figures from our verified data partner and independently confirmed the provider’s regulator status, last checked May 30, 2026. Primary sources: