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 $100 in purchases are made within the first three months, 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 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 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.
This review was updated 2008-06-26T00:00:00.0000000-07:00
| Type Of Rewards: |
Point |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Data for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
n/app |
| Highest Possible Rebate: |
n/app |
| Additional Rebates: |
n/app |
| Rebate Details: |
n/app |
For Cards with Point Incentives
| Points Per Dollar Spent: |
1 Point |
| Additional Points: |
Earn 5 points per dollar spent at participating supermarkets, drugstores, and gas stations for the first 12 months of cardmembership; earn 1 point thereafter; and earn 1 point per dollar spent on all other purchases. |
| Point Details: |
Points can be redeemed for various items or services including retail gift certificates, AT&T phone cards, rebate credits on the account, or an APR point decrease for the Citi® Diamond Preferred® Rewards Card account. See www.thankyouredemptions.com for more information. |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: 5 Years
Annual Limit: 75,000 Points
Additional Credit Card 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.
Special Notations about the Citi® Diamond Preferred® Rewards Card
The APR for purchases and balance transfers varies according to the applicant's credit history and will be 5.49%, 9.49%, or 13.49% + Prime Rate.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's Data before applying!
