Credit cards vary significantly when it comes to their benefits; one that stands out is the Citi Double Cash Card which features a 0% intro APR on balance transfers and purchases.
Additionally, it offers access to your FICO credit score for free and its 21-month 0% APR period is ideal for paying off debt or financing large purchases.
No annual fee
Selecting the appropriate credit card can save time and money. Citi offers two cards that offer rewards with no annual fee: Diamond Preferred Card and Double Cash cards. Let’s compare these products’ rewards, welcome offers, additional features and fees so that we can help you choose one for yourself.
Citi Diamond Preferred Card offers an amazing 21-month 0% intro APR promotion on balance transfers and purchases – one of the longest promotions ever available on any credit card – making it an effective tool for those seeking to reduce debt. However, this card does include a balance transfer fee so may not be suitable for everyone.
Although the Citi Double Cash card boasts a higher rewards rate than its counterpart, the Citi Diamond Preferred Card, it does come with some drawbacks. No annual fees make this option especially appealing, but there is also an extremely high interest rate and 3% foreign transaction fee that must be considered carefully before applying for one of these cards.
Before applying for the Citi Double Cash card, be sure to see if you qualify first. Citi will pre-qualify you using a soft pull on your credit report that won’t have an adverse impact on your score; and once qualified you can view all terms of offer before making your commitment.
Citi Double Cash’s uncapped cash back earnings make it an excellent option for big spenders who wish to maximize their rewards earnings, without needing to track categories or enroll in special promotions.
Citi Double Cash’s great feature is its flexibility in redeeming points – from statement credit or direct deposit redemption, to no foreign transaction fees incurred when travelling abroad. This card makes redeeming points much simpler.
Many rewards credit cards provide generous welcome bonuses that can help you quickly accrue points or cash, but neither Citi Double Cash nor Citi Diamond Preferred do so; instead they feature long introductory promotional offers and no annual fee.
Though lacking a sign-up bonus, the Citi Diamond Preferred Card remains an effective choice for those trying to pay off debt. It boasts an extended 0% intro APR on balance transfers that could save hundreds in interest fees over time; however, its high balance transfer fee and lack of rewards program may limit its usefulness.
If you want a credit card that offers rewards, the Citi Rewards+ Card could be the right fit. Offering 2% cash back on all purchases compared to 1.6% cash back for Diamond Preferred cards, as well as no annual fee and free FICO scores which may be particularly relevant to some individuals, the Citi Rewards+ Card stands out among its competition as being among the best choices available today.
Citi Diamond Preferred Card and Citi Rewards+ Card both offer rewards, but with distinct terms. The Citi Diamond Preferred Card is ideal for balance transfer customers who require long-term 0% APR offers with no annual fee; its only drawback being an exorbitant balance transfer fee of either 5% or $5 depending on which is greater.
Citi ThankYou Preferred Card offers an introductory 0% APR on balance transfers at an extremely attractive interest rate, while no annual fee and offering 1% cash back rate across purchases (plus an extra 3% on restaurant and entertainment expenses) makes it a worthwhile alternative.
The Blue Cash Preferred Card is an excellent alternative to Citi’s Double Cash card, boasting a generous cash-back rate of up to 2% on all purchases (and an extra 1% as you pay them off), including groceries at U.S. supermarkets and gas stations – this card may make sense for some spenders! However, both cards do have higher APRs than usual credit cards so these should only be used as debt repayment tools or transfers with high-interest rates.
No foreign transaction fee
Citi Diamond Preferred card provides an exceptionally generous 21-month 0% APR period on balance transfers, helping you clear debt faster while saving thousands in interest charges over time. Just be careful that any more debt than can be managed during this initial period is transferred, or else its 5% balance transfer fee could negate any savings. For large debt transfers, other cards offering lower balance transfer fees and better rewards on purchases may provide greater financial relief.
This card also grants access to your FICO credit score for free, so that you can monitor its health and focus on paying down debt. Furthermore, Citi Entertainment may offer unique benefits like presale tickets and exclusive entertainment experiences that could prove attractive for some consumers.
Citi Double Cash stands out from other credit cards by not charging an annual fee – this can be hugely advantageous, as many cardholders carry balances for too long and end up paying more in interest than necessary. Furthermore, having one with low or no annual fees increases average age of accounts on your credit report and positively influences overall score calculation.
Citi Diamond Preferred and Citi Double Cash cards both provide rewards in the form of ThankYou points that can be redeemed for cash back or travel expenses, depending on how you use your card. Over time, this could add up to considerable value; both cards also boast no introductory APR on purchases making them ideal choices for those trying to reduce spending.
The Citi Diamond Preferred card stands out among balance transfer cards due to its generous promotional offer and no annual fee, making it an excellent balance transfer solution. Although its 0% APR period isn’t as lengthy, it still provides an excellent way to pay off high-interest debt faster while offering generous rewards rates that make it suitable for travelers.
21-month introductory APR on balance transfers
Citi Diamond Preferred card stands out among competing products by offering one of the longest introductory 0% APR periods available for balance transfers and purchases: 21 months! This makes this card ideal for anyone seeking to quickly pay off high-interest debt, plus its lack of an annual fee adds even greater appeal.
This credit card charges a 3% foreign transaction fee, but offers some attractive features that may appeal to some customers. One such feature is offering free FICO scores that can be accessed online – an invaluable feature for keeping tabs on one’s credit and tracking progress while paying down debt using its 0% APR balance transfer offer.
Note that this credit card does not offer rewards; although its 0% APR for 21 months on balance transfers offers some incentives for ongoing purchases, no additional perks exist beyond Citi Identity Theft Solutions and Private Pass VIP concierge services – however these benefits only become available to cardholders who make at least their minimum payment on time each month.
Citi Double Cash and Diamond Preferred cards both offer long 0% APR intro periods on balance transfers, but each offers unique perks and benefits which may make it better suited to some people than others. It is important to determine which card best meets your financial needs at each step in your financial journey.
The Citi Diamond Preferred Card is an ideal solution for individuals looking for a credit card with an extended 0% APR period for balance transfers and new purchases, but you must remember to repay any transferred balance within this period; failing to do so could increase interest charges dramatically and cost a great deal more in fees and penalties compared with keeping regular payments during its introductory APR period. To prevent this scenario from unfolding, continue making payments on transferred balance during its introduction APR period.