If you're looking for a credit card that provides an excellent value and rewards program, then the Citi Diamond Preferred card might be just what you need. Typically, the 0% introductory APR on most credit cards lasts only 12 months or less. However, the Citi Diamond Preferred card leads the pack with an 18-month 0% APR on balance transfers with no annual fee. You also have an added benefit of having an additional 0.25% reward point on purchases made with your card.
This card is available to everyone who has an active checking or savings account and has a valid U.S. Social Security number. If you are already a Citi customer, you can usually transfer your existing card balances to the Diamond Preferred card without penalty. Simply call your bank or financial institution to transfer your balances or complete a deposit for an automatic transfer. In addition to being able to transfer your balance, you will be able to earn reward points each time you make a purchase using your card. Reward points accumulate quickly and you can earn enough reward points to pay off your balance in as little as five months.
This credit card is easy to manage. All you have to do is pay your balance on time every month and you'll earn points toward a rebate. If you find that you are not making enough purchases each month, you can apply some of those points toward paying down your balance.
The perks this card offers are impressive. You can earn a reward point on every dollar you spend, up to a maximum of 1.5%. You'll also receive bonus reward points on any purchases you make at any participating merchants. In addition to earning rewards, you can earn cash rebates on gas purchases and on travel. Some merchants, such as Starwood, even reward you with free nights or even free meals.
One downside to this card is that you can't apply for it online or over the phone. However, if you look hard enough, you can find a Citi Diamond preferred card by searching the internet. There are a lot of these available at very competitive prices.
You don't have to spend a fortune to get the best rewards from this credit card. But be sure that you pay your balance on time and you pay it off every month.