VIP Credit Card for Debt Relief: Get 21 Months with 0% APR on Balance Transfers

Citi® Diamond Preferred® Card photo
Citi® Diamond Preferred® Card
Recommended credit score: Excellent Good
See terms
Citi Diamond Preferred® is a VIP card with the longest available 21-month intro period and 0% APR on purchases and balance transfers. It is very similar to Citi Simplicity® but instead of tolerating late payments it offers special services assisting you with travel bookings and ticket presales.

Best ways to use the card

The Citi Diamond Preferred® Card has a balance transfer offer similar to the one from Citi Simplicity®. This is the same 21 months of 0% APR on balance transfers along with 3% of each transfer paid as a balance transfer fee. To benefit from this offer, you should arrange your balance transfer within the first four months of account opening. The intro period starts with the first balance transfer transaction.

The most special part of the Citi Diamond Preferred® balance transfer offer concerns the time when it ends. Yes, the introductory period with 0% APR lasts 21 months, and this is one of the longest offers available. However, it ends one day, and you may still have a part of your debt unpaid. Here come the Citi Diamond Preferred® assets:

  • Offering zero interest for 21 months, the card does mean it. In many similar offers interest is just deferred not waived. That means that unless you’ve paid off the balance in full before the intro period ends, interest may be charged on the whole amount of transferred balance for the whole intro period post factum. But this is not the case with this Citi card. It waives interest for the whole intro period, and after its end, interest may be charged on the unpaid part of your debt only.
  • Another good news is that after the end of the intro period, the card has quite a low APR which may vary from 14.24% - 24.24%.

This is a fair 21-month long balance transfer deal. Use it and pay down your debt at a lower cost and at your own pace.

By the way, the card offers a 21-month introductory period with no interest on purchases which starts with account opening. If you want to benefit from this offer as well, make sure you don’t carry balance on purchases in the period when one intro period has already ended, and the other still lasts. In this period your different balances will have different APRs and according to Citi’s payment allocation policy, your payment will go preferably to the balance with a lower APR. In this situation you accrue interest without noticing it. Find out how to avoid this in our review of Discover it® Card.

Who qualifies

To qualify for this card, you should have a good to excellent credit score.

Costs and rewards

There is no annual fee and no particular rewards. However, Citi Diamond Preferred® is positioned as a VIP card, and offers their owners some special treatment. For example, you may benefit from the Citi® Concierge service available 24/7 and helping you book flights and hotels. Or you may get interested in Citi® Private Pass® assisting you with preferred seating and ticket presales.

The bottom line

The Citi Diamond Preferred® card has a highly competitive balance transfer offer. No annual fee along with no interest on balance transfers for 21 months makes the card one of the best solutions for anybody struggling with their credit card debt.

Bring your balances from other cards to Citi Diamond Preferred® and you will save on interest payments for the following 21 months.

Citi® Diamond Preferred® Card photo
Citi® Diamond Preferred® Card
Recommended credit score: Excellent Good
See terms
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