Citi Diamond Preferred: worth a spot in your wallet?
The honest math on the Citi Diamond Preferred: what earning no rewards costs against a plain 2% card.
Citi · No annual fee · cash back
Earning rates
Recent changes to this card's data
2026-08-29 — Citi Diamond Preferred
- Verified accurate — no changes. Fee, the card's no-rewards structure, and the continued absence of purchase/travel protections re-confirmed against citi.com.
2026-08-20 — Citi Diamond Preferred (new card)
- New card: Citi Diamond Preferred (no annual fee, Mastercard, no rewards program). Source: https://www.citi.com/credit-cards/citi-diamond-preferred-credit-card
- No rewards program: shown honestly as 0x on everything — which the calculator prices as giving up 2¢ per dollar vs. a flat-2% baseline card, not as a free $0. Source: https://www.citi.com/credit-cards/citi-diamond-preferred-credit-card
- No purchase protection, extended warranty, rental car CDW, or travel insurance — Citi removed these from Diamond Preferred around September 2019. Sources: https://thepointsguy.com/credit-cards/reviews/citi-diamond-preferred-card-review, https://www.bankrate.com/credit-cards/reviews/citi-diamond-preferred-card-benefits-guide/
- No benefits listed — honestly empty. The card's real-but-generic extras (free FICO Score access, Citi Entertainment presale access, Mastercard ID Theft Protection) are deliberately omitted for cross-card consistency: sibling Citi cards carry the identical extras and omit them too, so listing them only here would make this card look richer than identically-equipped siblings.
- Not modeled in this card file (out of calculator scope): 0% intro APR for 12 months on purchases and 21 months on balance transfers (transfers must post within 4 months of account opening), 16.49%–27.24% standard variable APR, 3%/$5 min intro → 5%/$5 min standard balance transfer fee, 3% foreign transaction fee. This is the card's actual selling point but the calculator prices ongoing annual value, not APR/promo terms. Sources: https://www.bankrate.com/credit-cards/reviews/citi-diamond-preferred-card-benefits-guide/, https://wallethub.com/d/citi-diamond-preferred-card-120c, https://www.experian.com/credit-cards/details/citi-diamond-preferred-card/, https://www.nerdwallet.com/credit-cards/reviews/citi-diamond-preferred
Card data verified against Citi on 2026-08-29.
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