Get a Break From Interest: The Citi Diamond Preferred Card - 21 Month Balance Transfer Offer

By Jason Steele. Last updated 7 January 2021. 1 comment

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The credit card market is often divided into two segments. First, there are the no-frills cards that are used by those who have credit card debt and need the lowest interest rates. Then there are the high-end reward credit cards that shower their holders with all sorts of perks and benefits.

But what if you could combine a low interest rate credit card with many of the advantages of a rewards card? The Citi® Diamond Preferred® Card - 21 Month Balance Transfer Offer from our partner Citi offers a leading promotional finance offer and a host of included services normally reserved for rewards credit cards.

How This Card Works

This is a simple card with no rewards and no fees. It's designed for those who need to manage their credit card debt with a transfer balance or financing for a large purchase.

Other Benefits

Personal concierge service. Representatives are available 24/7 to assist you with travel planning, directions, restaurant reservations, and nearly anything else you can think of. (See also: What Do the Concierge Services From Credit Cards Really Provide?)

Access to special events and discounts. Citi's Private Pass offers cardholders presale access and discounted tickets to music, sporting events, and more.

Retail purchase protection. Purchases made with your card are insured against damage or theft.

Extended warranty policy. This program extends the terms of any factory warranty that is five years or less for an additional year.

Travel and emergency assistance and insurance. These policies include medical and legal referrals, lost luggage assistance, emergency transportation, trip cancellation and interruption insurance, and even translation services. (See also: What Does Travel Accident Insurance Cover on Credit Cards?)

Auto rental insurance. Sure, most credit cards include this coverage, but some of the leading products with promotional financing offers do not. (See also: What Does Car Rental Insurance Cover on Your Credit Card?)

Citi Price Rewind. The Citi Price Rewind program searches for lower prices online for 60 days for your registered purchases. You could get back up to $500 per item and $2,500 per year.


Introductory APR. The 21 months of 0% APR financing on balance transfers is the most of any card currently offered. (See also: Credit Cards with 0% Introductory APRs)

No annual fee. Typically cards offering these benefits plus a 0% introductory APR carry annual fees.


Low APR temptation. One of the hazards of such a long promotional financing period is that cardholders may be tempted to just put off paying down their debt. That would be a huge mistake. These financing offers are incredibly valuable, but only if utilized as part of a smart, comprehensive plan to eliminate your debt. If a long term financing deal is only going to encourage you to spend more, it could be very harmful. (See also: 5 Best Credit Cards with 0% Intro APR for Balance Transfers)

Foreign transaction fees. I don't like the foreign transaction fees. If you need a card to use abroad, there are good cards with no foreign fees. (See also: Best Credit Cards with No Foreign Transaction Fees)

Who This Card Is Best For

This is an ideal card for someone who is trying to get a handle on their debt and knows how much money can be saved with the financing offer, whether transferring balances or making large purchases. 

By combining extravagant features with a valuable financing offer, the Diamond Preferred presents a compelling choice for those who find interest free financing to be the best possible credit card reward.

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Guest's picture

I like the credit card that gives a lot perks and rewards. Just recently I bought a pair gold earrings for my wife. I used the rewards from my credit cards. I prefer gold, because I believe that this is one of the best investment tools to make money.