Are you looking for a credit card with 12 months of no interest? Citi Diamond Preferred is a solid balance transfer credit card option with 12 months, no interest on purchases, and no annual fee. It’s one of the most excellent Citi credit cards for those who want to exit credit card debt, finance a purchase, or build creditworthiness.
- READ MORE REVIEWS: Credit card 12 months no interest – meet the Citi Diamond Preferred
You can apply for the Citi Diamond Preferred card online from the comfort of your home. It is a simple process, but it is essential to know the conditions and the step by step of submission.
Credit card 12 months no interest approval odds
Before starting your application process, knowing if you match the criteria for approval is essential. Every credit card has its own. Let’s check it:
- Good to Excellent Credit Score: The Citi Diamond Preferred Credit Card is considered a premium credit card. Applicants need to have a good to excellent credit score for approval. A credit score of 700 or above is generally recommended.
- Minimum age: Applicants must be 18 to apply.
- Income required: Specific income requirements may vary, but applicants typically need a steady income to qualify for the Citi Diamond Preferred Credit Card. This ensures that cardholders can manage their credit responsibly and afford payment obligations.
- Citizenship and Residency: Applicants must be U.S. citizens or legal residents with a valid Social Security number. The process may require proof of residency.
- Debt-to-Income Ratio: While not explicitly stated, credit card issuers often watch the applicant’s debt-to-income ratio when evaluating creditworthiness.
A lower debt-to-income ratio indicates a healthier financial situation, which is essential to increase approval odds.
How to apply for the Citi Diamond Preferred
Now that you know the Citi Diamond Preferred Credit Card approval odds, it’s time to meet the online application step by step. Before starting the process, ensure that you have documents and the information that may be required, such as social security number and zip code.
You can apply for the Citi Simplicity Credit Card at a Citi branch or online from home. Here is a step-by-step tutorial:
- Step 1: Visit the Citi Credit Card’s official website.
- Step 2: Select the Citi Diamond Preferred Credit Card and click the “Apply Now” button.
- Step 3: Carefully complete all the information needed.
- Step 4: Read the terms and conditions and submit.
Once you have completed your application, it is crucial to acknowledge that you must await Citi’s assessment and response. This procedure usually requires a few moments; nevertheless, occasionally, it may extend to numerous working days. The duration may fluctuate based on the influx of applications received and additional variables.
Bonus round Citi Diamond Preferred vs. Discover It Cash Back
Comparing credit cards before applying helps you ensure that you choose the card that best fits your financial goals and circumstances.
Here is a comparison between the Citi Diamond Preferred and Discover It Cash Back. Both of them have appealing features and points that may be considered downgrades.
| Feature | Citi Diamond Preferred | Discover It Cash Back |
| Annual Fee | $0 | $0 |
| Introductory APR | 0% for 12 months on purchases and for 21 months on balance transfers. | 0% intro APR for 15 months on purchases and balance transfers |
| Welcome Bonus | 150 statement credit after you spend $500 on purchases in the first 3 months of account opening. | Double any rewards earned in the first 12 months. |
| Rewards | 0% for 12 months on purchases and 21 months on balance transfers. | 5% cash-back on regular purchases at categories that change every quarter, plus 1% cash-back on all remaining transactions automatically. |
| Ongoing APR | 18.24%-28.99% | 17.24%-28.24% |
Who’s the winner?
The 0% intro APR for 21 months on balance transfers provided by the Citi Diamond Preferred credit card can be a lifeline for those facing high-interest account bills.
- READ MORE REVIEWS: Credit card 12 months no interest – meet the Citi Diamond Preferred
On the other hand, the card does not have any rewards program, which can hinder those who prioritize earning while spending.
If your priority is to save on interest, apply for the Citi Diamond Preferred credit card by clicking here.
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Disclaimer: This information is not financial advice. Please consult a financial professional for guidance tailored to your specific situation. Rates and terms are subject to change. Refer to the credit card company’s website for the most up-to-date information.