What is Citi® Diamond Preferred® Card balance transfer limit? 0% APR -balance transfer.

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Avishek Gupta

citi diamond preferred card
                                       Citi Diamond Preferred Card             (Image courtesy : Freepik)

What is citi diamond preferred card balance transfer limit?

The Citi® Diamond Preferred® Card has a maximum balance transfer limit of 25% of your total credit limit. For example, if your credit limit is $10,000, you can transfer up to $2,500 in balances from other credit cards.

Please note that Citibank reserves the right to approve a balance transfer for less than the maximum amount. If you are approved for a balance transfer for less than the maximum amount, you will only be charged a balance transfer fee on the amount that is transferred.

What exactly the Citi® Diamond Preferred® Card ?

The citi diamond preferred card is a no-annual-fee credit card that offers a 0% introductory APR on balance transfers for 18 months on balance transfers made within 4 months of account opening. After that, the regular APR will apply, which is currently 14.99% – 24.99% variable. There is a balance transfer fee of 3% of the transferred balance or $5, whichever is greater.

here is a brief points on the citi diamond preferred card:

Benefits

  • 0% introductory APR on balance transfers for 18 months on balance transfers made within 4 months of account opening.
  • 2x points on gas stations and restaurants
  • 1 point per dollar(1point/$) on all other purchases
  • No foreign transaction fees
  • 24/7 customer service

Fees

  • $0 annual fee
  • 3% balance transfer fee or $5, whichever is greater
  • How to transfer a balance?

How to transfer a balance to citi diamond preferred card?

There are a few ways to transfer a balance to the citi diamond preferred card :

  • Online: You can transfer a balance online by logging into your Citi® Diamond Preferred® Card account and following the instructions.
  • By phone: You can also transfer a balance by phone by calling 1-800-695-5114.
  • By mail: You can also transfer a balance by mail by sending a completed balance transfer form to Citibank.

Steps on how to transfer a balance Online

  1. Log into your Citi® Diamond Preferred® Card account.
  2. Click on the “Balance Transfer” tab.
  3. Enter the information about the credit card you are transferring a balance from, including the account number and the amount you want to transfer.
  4. Review the offer’s terms and conditions for a balance transfer.
  5. Click on the “Submit” button.

You will receive a confirmation email once your balance transfer has been processed.

Steps on how to transfer a balance by Phone

  1. Call 1-800-695-5114.
  2. Provide the customer service representative with the information about the credit card you are transferring a balance from, including the account number and the amount you want to transfer.
  3. Review the offer’s terms and conditions for a balance transfer.
  4. Confirm the balance transfer with the customer service representative.

You will receive a confirmation letter in the mail once your balance transfer has been processed.

Steps on how to transfer a balance by Mail

  1. Download the balance transfer form from the Citibank website.
  2. Complete the balance transfer form and mail it to Citibank.
  3. Include the following information on the balance transfer form:
  • Your citi diamond preferred card account number
  • The account number of the credit card you are transferring a balance from
  • The amount you want to transfer
  • Your signature

You will receive a confirmation letter in the mail once your balance transfer has been processed.

Other balance transfer offer

citi diamond preferred card
Citi® Diamond Preferred® Card  (Image courtesy : Freepik)

Here are some other balance transfer offers that you may want to consider:

1.Chase Freedom Unlimited®: This card offers a 0% intro APR on balance transfers for 15 months from account opening on transfers made in the first 4 months from account opening. There is a balance transfer fee of 3% of the transferred balance or $5, whichever is greater.

2.Capital One Quicksilver Cash Rewards Credit Card: This card offers a 0% intro APR on balance transfers for 15 months from account opening on transfers made in the first 60 days from account opening. There is a balance transfer fee of 3% of the transferred balance or $5, whichever is greater.

3.Discover it® Balance Transfer℠: This card offers a 0% intro APR on balance transfers for 18 months from account opening on transfers made in the first 65 days from account opening. There is a balance transfer fee of 3% of the transferred balance or $5, whichever is greater.

Contact information

The citi diamond preferred card‘s contact details are as follows:

  1. Call : 1-800-695-5114
  2. Mail : write to Citibank at PO Box 6500 Sioux Falls, South Dakota 57117-6500.

Additionally, you can get in touch with Citibank customer support online via the company’s website or mobile application.

Conclusion

If you want to transfer a balance to a new card with a 0% introductory APR, you should choose the citi diamond preferred card . For customers who frequently make purchases in those categories, the card also offers incentives at petrol stations and restaurants.

However, while thinking about the citi diamond preferred card , it’s crucial to examine the balance transfer charge and the maximum balance transfer amount. The balance transfer balance must also be paid in full within the introductory APR term in order to avoid paying interest at the standard APR on the outstanding balance.

See also ,

FAQs

A Balance transfer is what?

The term “Balance transfer” refers to moving debt from one credit card to another. If you have high-interest debt on one card and can move it to a card with a 0% introductory APR, this can be a useful strategy to save money on interest.

What advantages do balance transfers offer?

A balance transfer has various advantages, including the following:
Interest savings: By moving debt with a high interest rate from one card to another with a 0% introductory APR, you can reduce your interest costs.
Getting a lower interest rate: Even if you don’t have any high-interest debt, you might be able to transfer your balance to a new card to earn a reduced interest rate on your balance transfer.
Increasing your credit score: Transferring a balance to a new card and promptly paying it off will raise your rating.

How do I choose the best balance transfer offer?

When choosing a balance transfer offer, there are a few factors you should consider, including:
Intro APR: The introductory APR is the interest rate that you will be charged on your balance transfer balance during the introductory APR period.
Balance transfer fee: The balance transfer fee is a one-time fee that is charged when you transfer a balance to the card.
Maximum balance transfer amount: The maximum balance transfer amount is the maximum amount that you can transfer to the card.
Regular APR: The regular APR is the interest rate that will apply to your balance transfer balance after the introductory APR period ends.
Other fees: There may be other fees associated with the card, such as late payment fees and foreign transaction fees.

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