Citi is joining the holiday cheer with their Citi Diamond Preferred card. While it isn’t considered a rewards card, right now you can earn $200 when you use the card for holiday shopping. All it takes is spending $500 online during the holiday season and you’ll get a nice little $200 piece of holiday cheer on your statement. If any of you braved black Friday today you may like the idea of staying inside where it’s cozy, warm, and free of pepper spray bearing shoppers. Don’t forget the Citi Diamond Preferred card still comes with a lengthy 18-month 0% introductory offer on balance transfers and purchases. Sounds like a great way to avoid interest and have more holiday cheer in your wallet while you scour the internet for the ideal gifts.
Citi Diamond Preferred Card |
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Earn a $200 statement credit after you make $500 online purchases in your first 3 months* 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness. 24/7 access to personalized concierge service providing assistance in booking hotel, flights, concert tickets and much more Special access for Citi cardmembers to purchase presale tickets, preferred seating, VIP packages, and other unforgettable live entertainment experiences through Citi Private Pass®. Exciting deals and savings for great brands through Citi Specials $0 liability on unauthorized purchases and Citi® Identity Theft Solutions No annual fee |
How the Holiday Deal Works
Keep in mind that this deal is for new card members. Like gifts under the tree, a $200 statement credit will magically appear if you spend $500 online within the first 3 months. I forsee getting overly excited on Amazon.com, or REI.com. (You’re basically getting 40% off of anything you buy up to $500!) With a low hurdle to jump over compared to most cards, this signup bonus is simple, straightforward and easy to qualify for. Many signup bonuses associated with rewards cards will require you spend as much as $5000 in 3 months to qualify. Having raised the bar, we can fully recommend the Citi Diamond Preferred card as it features both this valuable bonus to compliment the Now, the Diamond Preferred offers not just a super-long balance transfer, but pretty easy-to-obtain rewards.
0% Balance Transfer Bliss
With the $200 bonus in place the Citi Diamond Preferred card has added a serious incentive to take advantage of their balance transfer offer. With one of the longest balance transfer periods (21 months) the statement credit more than offsets the balance transfer fee (3%) for any amount transferred up to $6,600.
We’ve seen other great balance transfer offers, and generous rewards cards. However, the hybrid card is a rarity. You won’t find many that offer both like Citi Diamond Preferred.