The ability to save a substantial amount of money is something we all crave for. And opening a credit card that offers the exclusive benefit of giving out a 0% APR for an extended period is just the answer.
The Citi Diamond Preferred card has been ranked among the best in credit card offers in this country. And why not? Take a look at the perks you’ll be having:
Longer Grace Period
Undoubtedly, what appeals most to clients is its introductory APR rate of 0%. With this, you can enjoy 21 months of purchases and bank transfers – for no extra charge or interest rates at all. If it sounds like borrowing money for free, then it’s sure to be a good thing.
However, once this grace period is over, you will be started on the standard APR rates. Although the low ongoing rate for credit cards these days are fixed at 11.45%, your credit history and worthiness will be evaluated. The better your credit background looks, the lesser your APR, and vice versa. Rates can go as low as 11.99%, 16.99%, or 21.99%. If you will incur cash advances, you will be assigned a 25.24% APR.
Nonetheless, the Citi Diamond card is better than most of its competitors who offer the same benefit – because most of them only limit the zero APR for up to 6 or 12 months only.
The card also comes with its anti-theft policy from their Citi Identity Theft solutions. You will hold no liability from any purchases that are unauthorized from you.
However, the following fees take effect after the 21-month period:
For late payments, you will be penalized a variable amount of up to 29.99%. Also, a 3.0% interest is issued for each purchase you make outside the country. Balance transfers fees will then be issued 3.00% or $5 for each transaction, depending on which is greater.
Other Benefits
If you think this is all there is to the Citi Diamond card, think again, Aside form using it like a regular credit card, you can also get special access to VIP packages like live entertainment or presale tickets with seating assignments of your choice. Affiliated brands can also provide you discounts, further adding up your savings.
Traveling also becomes a breeze with its 24-hour concierge service that assists you in travel bookings, flight, and hotel stays.
Having a credit card with a nice, long zero APR can be such a joy. Open a Citi Diamond Preferred card now.
