Citi Diamond Preferred card review: A good option for paying down debt

Background Wave Pattern Quick summary A card designed for those carrying credit card debt offers an extended introductory period with no interest on balance transfers and purchases. The main benefit is the ability to pay down high-interest debt or finance a large purchase without accruing interest for a set period. No rewards are earned with this card, making it less appealing for ongoing everyday use after the introductory period. Additional features include free access to your credit score, entertainment offers and flexible payment options for eligible purchases. What to consider A balance transfer fee applies—3% (minimum $5) for transfers in the first four months, increasing to 5% after that period. Balance transfers must be completed within four months of account opening to qualify for the full introductory offer. After the introductory period, a variable interest rate applies based on creditworthiness. What you'll miss from the article A detailed comparison of similar cards that may offer rewards, longer purchase financing or additional perks. Generated by AI with support from our editorial team. Show summary