Citi® Diamond Preferred® Rewards Card, Editor Reviewed at CompareCards.com

Citi® Diamond Preferred® Rewards Card

Editor's Rating: 8.5
Consumer Rating: (2 ratings) 8.0

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Intro APR:	0%
Regular APR:	12.99% - 20.99%* (Variable)
Annual Fee:	None

Intro Period:	12 months*
Balance Transfer:	Yes*
Credit Needed:	Excellent

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$50 gift card - Redeem 6,000 bonus points after $300 in purchases within 3 months of account opening
0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-20.99% based on creditworthiness*. This APR will vary with the market based on the Prime Rate.
5 ThankYou® Points for every $1 spent on purchases at supermarkets, drugstores and gas stations for 12 months, 1 ThankYou Point thereafter**
Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
No annual fee

EDITORS' RATINGS OVERALL SCORE

8.5

Overall

The Bottom-Line

For anyone seeking a way to save on everyday purchases, this card is a great option that also offers a balance transfer option of 0% introductory APR for 12 months on balance transfers.

The Good

Introductory interest rate of 0% is for 12 months and bonus points can be earned at a rate of 5 points for every $1 spent at supermarkets, drugstores and gas stations for the first 12 months.

The Not So Good

Points can only be redeemed through the ThankYou(SM) rewards program. There is a limit of 75,000 bonus points that can be earned in one calendar year and points expire in 5 years.

CARD DESCRIPTION

The Citi® Diamond Preferred® Card is a great way to start earning rewards at a rate almost 5 times higher than similar rewards cards. A twelve month introductory rate of 0% on balance transfers makes this a good card for anyone with good credit and a high interest balance to transfer.

The Citi Diamond Preferred Rewards Card gives you the opportunity to save on everyday purchases. You can earn 5 points for every dollar you spend with your card at supermarkets, drugstores and gas stations for the first 12 months. The card comes with a 0% Intro APR on balance transfers for the first 12 months and you can earn a $50 gift card and 6,000 bonus points after you make your first purchase within the first 3 months. There is no annual fee and the rewards program is completely free to use.

Points earned with the Citi Diamond Preferred Rewards Card can only be redeemed through the ThankYou rewards program. There is also a limit of 75,000 points per calendar year and your points will expire in 5 years. You will be enrolled in the Citi Identity Theft Solutions program for free with eligibility of your card account.

Read Customer Reviews (Last Reviewed: Jun 02, 2010)

DETAILED EDITORS' RATINGS

8.0

Introductory APR

0% Intro APR on Purchases and Balance Transfers for 12 months.*

8.0

Benefits

$50 gift card - Redeem 6,000 bonus points after $300 in purchases within 3 months of account opening - 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-20.99% based on creditworthiness*. This APR will vary with the market based on the Prime Rate.

8.0

Fees

No annual fee; 5% of each balance transfer; $10 minimum.

8.5

Regular APR

12.99% - 20.99%* (Variable)