Citi® Diamond Preferred® Credit Card
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Diamond Preferred® Credit Card

Type
Personal
Credit Rating
Good
Annual Fee
-
Reward Type
NO Rewards
SigUp Bonus
No

Main Credit Card Features

0% APR
Balance Transfer
No Annual Fee

How MasterCard® Credit Card Network Works

MasterCard is one of the U.S. and world’s most widely accessed credit card networks. The quality of benefits on your MasterCard is dependent on the level of card you own. Lowest level cardholders receive the most basic benefits. Mid-range cardholders have access to the World MasterCard®. The best benefits are given to the World Elite MasterCard® users.

How balance transfer credit cards work

This card provides an attractive APR rate if you transfer your balances from other credit cards or even loans. You can potentially save money on interest by moving your balance. This can get tricky, and you need to keep a few things to keep in mind:

  • Take into account the balance transfer fee
  • Understand that your credit score gets impacted everytime you apply for a new credit card, you won’t be able to use a balance transfer card every few months
  • The new credit card might not have enough of credit limit to cover all of your existing high-interest debt
  • You are still required to make minimum payments
  • It is problematic to use the card for daily transactions due to how your monthly payments apply to different principals

You can use our Balance Transfer Calculator to estimate interest savings on acting on the offer.

How No Annual Fee Credit Cards Work

No annual fee credit card is great as a backup credit card as you don’t need to pay to maintain it. You might need a backup credit card if your primary one got lost or stolen. Another benefit of no annual fee credit card is that you can improve your credit to debt ratio if you don’t use is consistently. Another to consider this card if you are looking for a specific perk.

How 0 Percent APR Credit Cards Work
This card provides an attractive APR for balance transfer and purchases during the promotional period. You can save money on interest through the use of this card. Please remember that even though it is 0% APR, you are still required to make minimum payments. If you are looking to use this card to transfer balances from your other higher interest cards – you will need to take into account the Balance Transfer Fees. You can use a simple calculator down the page or visit our Balance Transfer Calculator.