Citi® Diamond Preferred® Rewards Card
Card issued by Citibank

Most Attractive Feature: Long term 0% introductory rate; access to reward program; no annual fee; reason ably low Annual Percentage Rate (APR).

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The Citi® Diamond Preferred® Rewards Card, issued by Citibank, is designed for those with good credit who plan to take advantage of the reward program offered.

Through the reward program, cardhol_ders earn five points for every dollar spent on purchases made at supermarkets, drugstores, and gas stations for the first twelve months of cardmembership, one point thereafter, and one point for every dollar spent on all other purchases. Cardholders receive 6,000 bonus points after your first purchase made within the first three months, which can be redeemed for a $50 gift card. These points can also be redeemed for various items or services, and cardhol_ders are given the option to reduce the card's Annual Percentage Rate (APR) for purchases and cash ad vances for varying amounts of time (which is a rare benefit). There is a 75,000 yearly limit to the number of points that can be earned, and points will expire in five years.

This card has no annual fee, and it has a reason ably low interest rate for purchases and balance transfers in comparison to other reward cards. In addition, the card has a 0% introductory rate that can be applied toward balance transfers for twelve months. Nevertheless, it is import ant to note that there is a minimum cap of As low as 12.24% for cash ad vances; so no matter how low the Prime Rate falls (the Annual Percentage Rate (APR) is tied to the Prime Rate), the interest rate will not go below the minimum cap.

The card does provide platinum cardhol_der benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, car rental discounts, and various travel and emergency assistance services.

Therefore, those who plan to take advantage of the 0% introductory rate for balance transfers and are interested in participating in the reward program will benefit most from what the Citi® Diamond Preferred® Rewards Card has to offer.

Note: We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Last Updated March 21, 2008
*Terms and Conditions