The Citi® Diamond Preferred® Rewards American Express® Card is a rewards card that offers a variety of perks for card members. This card is designed for those with good to excellent credit. The card offers a low interest introductory rate and a solid rewards program.
- 0% Intro APR on balance transfers for 21 months and purchases for 12 months. After that, the APR will be 11.99%-19.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
- Redeem ThankYou Points for electronics, travel rewards, sporting events & more
- Concierge Service–24/7 help with booking trips, dining reservations & much more
- Diamond Perks–Access to Private Pass which gives you the opportunity to enjoy a wide variety of exciting events and unique experiences
- Travel Center from American Express–Your one-stop online travel planning site
Introductory Offers and Rates
The card offers an introductory rate of 0% on purchases for 12 months and combines that offer with 0% on balance transfers for 21 months. After the introductory period is over the variable rate is 11.99% to 19.99%. The rate you qualify for is based on your creditworthiness. The rate can vary based on changes to the prime rate. This card is one of the Citi cards that offers a nice balance transfer deal for new cardmembers.
Reward Details
The rewards program this card offer is definitely one of the great features about the card. When you use the Diamond Preferred Rewards American Express Card for purchases you will earn 1 ThankYou Point for every $1 spent. Most purchases are eligible for ThankYou Points and you can redeem the points for gift cards, merchandise, travel rewards and more. The rewards starting at just 1,000 points so it doesn’t take long to start cashing your points in. As a bonus, you earn 6,000 bonus ThankYou® Points when you spend $300 within the first 3 months. This is redeemable for a $50 Gift Card at select national merchants. For the first 12 months you earn 5 ThankYou Points for every $1 spent on purchases at supermarkets, drugstores & gas stations. After the 12 months is up you earn 1 point on those purchases. The card also is designed as a one stop travel planning destination. You can book flights, get information on the travel insurance benefits of your card and find valuable savings.
Cardmember Benefits
In addition to a generous introductory rate on balance transfers and purchase, as well as a nice rewards program, this card offers other benefits to cardmembers.
- Price Protection:If you buy something with your Citi card and then see it advertised in print for less within 60 days, you will receive a refund for the difference up to $250 (excludes Internet purchases and certain items).
- Extended Warranty: The terms of the original manufacturers’ U.S. warranties (of one year or less) may be extended up to one additional year on most items purchased on your card.
- Retail Purchase Protection: Most items purchased with your card are eligible for protection against accidental damage or theft up to 90 days from the date of purchase.
- Trip Cancellation / Trip Interruption Insurance: In the event you are prevented from taking or continuing a trip you billed entirely to your Citi card account, you are eligible to receive up to $1,500 in Trip Cancellation/Trip Interruption insurance.
- Lost Luggage Coverage: Charge the entire common carrier fare to your Citi card and get up to $3,000 in lost luggage coverage for you and your dependents. This benefit covers lost, stolen or damaged baggage or personal articles checked with a common carrier.
- Emergency Assistance Services: You’re protected when you’re traveling in the U.S. and abroad. Emergency Assistance Services include medical and legal referrals, lost luggage assistance, translation services and more.
- Auto Rental Insurance: You’re automatically covered when you reserve and rent a covered vehicle with your Citi card and decline the car rental company’s collision loss/damage waiver insurance.
- Flexible Payment Terms: Choose to pay your bill in the beginning, middle or end of the month. Enjoy the flexibility of paying your full balance or just the minimum each month.
- Citi® Photocard: Citi Photocard offers added security and a great form of photo identification by putting your picture and signature on the front of your Citi card. Now that’s something to smile about.
- Citi® Credit Card Benefits & Services: Your card includes a wide range of benefits and services to help protect your credit, provide simple online account management, offer cash or rewards and much more.
- Travel Accident Insurance: Provides accidental death or dismemberment insurance while traveling on a common carrier (plane, train, ship or bus) when the entire cost of the full common carrier fare is purchased with your Citi card.
Citi® Diamond Preferred® American Express® Fees
The table below highlights some of the fees of the card. You should always review the terms and conditions of your card in order to view a complete list of all the fees associated with using the card.
| Description | Fee |
|---|---|
| APR Cash Advances | 24.24% |
| Penalty APR | 29.99% |
| Minimum Finance Charge | $0.50 |
| Balance Transfer Fee | $5 or 4% |
| Cash Advance Fee | $10 or 5% |
| Foreign Purchase Transaction | 3% of each purchase transaction in US dollars. |
| Late Payment | $15 on balances up to $100 $29 on balances of $100 up to $250 $39 on balances of $250 and over |
| Returned Payment | $39 |
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