Citi® Diamond Preferred® Card Review - Regular

Issued by CitiBank

The Citi® Diamond Preferred® Card, issued by Citibank, is designed for those with good credit who plan to take advantage of the introductory rates and the excellent services.

This card has no annual fee, and it has a reasonably low interest rate for purchases and balance transfers. In addition, the card has a 0% introductory rate that can be applied toward purchases and balance transfers for up to 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 also provides many 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 purchases and balance transfers and the many services that are provided will benefit most from what the Citi® Diamond Preferred® Card has to offer.

Review Date: August 20, 2008

Terms and Conditions

Note: The review on this card was updated on August 20, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.

Credit Card Rate Details
Intro Rate (Intro APR):	0% APR for up to 12 Months
Intro Applied Towards:	Purchases, Balance Transfers
Additional Intro Details:	The introductory rate is available on purchases and balance transfers for up to twelve months.
Purchase APR:	As low as 8.49% (Variable) The APR for purchases is based on the Prime Rate.
Cash APR:	19.99% (Variable) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances.
Finance Configuration:	Average Daily Balance (including new purchases)

Credit Card Fee Details
Annual Fee:	$0
Additional Cardholders:	$0
Grace Period:	20 Days (Min.)
Late Payment Fee:	$15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over
Over the Limit Fee:	$39
Cash Advance Fee:	3%, $5 minimum
Balance Transfer Fee:	A balance transfer fee applies with this offer* (see site for details).
Minimum Credit Limit:	$500

Features
Most Attractive Feature(s):
Long term 0% introductory rate; no annual fee; reasonable APR.
Least Attractive Feature(s):
Minimum APR cap for cash advances.
Additional Features:
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.

Important Notations
The APR for purchases and balance transfers varies according to the applicant's credit history and will be 3.49%, 7.49%, or 11.49% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure.

Additional Information
Apply Online for the Citi® Diamond Preferred® Card from Citibank See other Regular Credit Cards See other Credit Cards Issued by CitiBank See other MasterCard Credit Cards