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Citi® Diamond Preferred® Rewards Card
Issued By: Citibank |
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$0 Liability on Unauthorized Purchases
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Price Protection Program
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Citi Identity Theft Protection
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0% APR on Balance Transfers for Twelve Months
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No Annual Fee
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Free Rewards Program
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$50 Gift Card – Redeem 6,000 Bonus ThankYou(SM) Points after First Purchase Made Within First Three Months
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
0.00% |
12 months |
999.000% |
none |
Balance Transfers |
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Card Info Last Reviewed 2007-09-22 |
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Our Review
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, cardholders 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 their first purchase, which can be redeemed for a $50 gift card. These points can also be redeemed for various items or services, and cardholders are given the option to reduce the card's APR for purchases and cash advances 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 reasonably 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 important to note that there is a minimum cap of 19.99% for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
The card does provide platinum cardholder 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.
Additional Perks
$0 liability on unauthorized purchases.
Various Internet account related services.
Identity theft solutions.
Price protection program.
Optional personal photo on card.
Fraud and security protection services.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
Automatic bill payments.
Year-end financial statement (upon request).
Up to $1,000,000 in travel accident insurance.
Auto rental insurance.
Various travel and emergency assistance services.
Medical referral services.
Legal referral services.
Lost luggage assistance.
Discounts on auto rentals.
See website for additional benefits.
Notations
The APR for purchases and balance transfers varies according to the applicant's credit history and will be 4.49%, 7.49% or 9.49% + Prime Rate.
The minimum APR for cash advances is 19.99%.
See website for complete terms and conditions of card usage and application disclosure.
View Website Details
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