The Citi Diamond Preferred Card isn't among the top-rated balance transfer cards. However, if you are looking to get a credit card with rewards that will help in building your credit history, then you might want to consider this card. This card provides you with a credit line of up to two thousand dollars that is paid back via regular interest payments. With regular payments, you pay a certain amount each month towards the CITI Diamond Preferred Cards credit line. You are able to view a detailed list of the top balance transfer credit cards in relation to the terms and benefits that are offered by CITI.
If you happen to go over your credit limit for any reason, a CITI Diamond Preferred Card will charge a balance transfer fee. In addition to the balance transfer fee, some cards require a service charge for the first eighteen months. This fee may be waived in conjunction with a deal. If you are planning on applying for a card and there are no balance transfer fees, then you should definitely look for a card that has a no annual fee, low ongoing fees and charges, and low ongoing interest rates.
One of the main reasons that people get a CITI Diamond Preferred Card is because they have excellent credit scores. Even if you have bad credit scores, you can still get this card. The credit scores that determine eligibility are based on a number of factors. The most important factor considered by the credit scoring is how much current debt you have compared to your income. The higher your current debt, the lower your FICO score, which is also used to determine your eligibility for a card with a preferred credit limit.
There are various ways that you can earn rewards on a citi diamond preferred card. You could spend thousands of dollars at restaurants and take home a huge amount of points for it. You could use rebates on many different things, including dining out, and then use those points to purchase merchandise at the store and receive additional discounts. Or perhaps you could choose the points method, in which you would earn points each time that you shop and use the card to pay down your balance.
As a point of interest, one of the biggest incentives associated with the CITI diamond preferred card is that there are zero annual fees, foreign transaction fee, and low ongoing rates. These incentives can save individuals as much as $1000 each year! This means that if you can save this much money over the course of a year, then you would be able to pay off your credit card balance in full each month! You should keep in mind that although you will be saving money each month, you will be paying interest on the money that you spend, so not being able to do this would result in a balance which would continue to rise, costing you more money than you would ever save by transferring your balances to CITI.
One other important aspect that you should think about is the CITI welcome bonus. This is a reward program offered by CITI for a variety of different purchases that you make with the card. The welcome bonus may be a percentage of your annual expenditures, or it may be a set amount. This means that if you pay your bill on time each month, or pay a deposit on time each month, you will receive an increase to your points, or a different type of reward, each month that you pay your bill in full. If you do not have a lot of experience with CITI rewards programs, it is a good idea to learn all of the details concerning their offerings so that you can make the most prudent use of your CITI Diamond Preferred Card.