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Key takeaways
- The Citi Double Money® Card and the Citi® Diamond Most well-liked® Card each are glorious playing cards with no annual charges, although every targets a selected kind of cardholder and monetary targets.
- When you’re in search of easy, flat-rate rewards on all purchases and an intro APR supply on stability transfers, give the Citi Double Money Card look.
- To pay down your money owed with longer intro APR gives on each stability transfers and new purchases, the Citi Diamond Most well-liked might be a greater match — simply remember to pay your stability in full earlier than the intro supply expires to keep away from excessive curiosity on any remaining stability.
Citi is an promoting companion.
When you’re in search of a no-annual-fee bank card, Citi gives just a few enticing merchandise, such because the Citi Double Money® Card and the Citi® Diamond Most well-liked® Card. Whereas each Citi bank cards are glorious in their very own methods, they’re designed to serve totally different functions.
Learn on to match the Citi Double Money and Citi Diamond Most well-liked and see which can be value including to your pockets.
Principal particulars
| Playing cards | Citi Double Money Card | Citi Diamond Most well-liked Card |
|---|---|---|
| Welcome bonus | Earn $200 money again after you spend $1,500 on purchases within the first 6 months of account opening. Fulfilled as 20,000 ThankYou® factors. | None |
| Rewards charge | 2% money again on all purchases — 1% money again whenever you make purchases and a further 1% money again whenever you repay purchases | None |
| Intro APR | 0% intro APR on stability transfers for 18 months, then a variable APR of 19.24% to 29.24% | 0% intro APR on purchases for 12 months and on stability transfers for 21 months, then a variable APR of 18.24% to twenty-eight.99% |
| Annual price | $0 | $0 |
Citi Double Money vs. Citi Diamond Most well-liked highlights
Let’s take a more in-depth have a look at the Citi Double Money and the Citi Diamond Most well-liked to see how they examine.
Welcome bonus winner
Rewards charge winner
Overseas transaction price winner
Which card earns probably the most?
For the reason that Citi Double Money features a beneficiant money again charge, it’ll undoubtedly present larger worth in the long run, particularly when in comparison with the Citi Diamond Most well-liked, which gives no rewards.
Citi Double Money vs. Citi Diamond Most well-liked spending instance
Say you spend a median of $15,000 a 12 months. With the Citi Double Money, you’ll be able to earn $300 in money again (if you happen to pay your balances in full) — earnings you’d miss out on if you happen to went with the Citi Diamond Most well-liked.
However, if you happen to plan to hold a stability in your card throughout the first 12 months and a half, curiosity funds would eat into your rewards. On this case, the Citi Diamond Most well-liked may prevent extra money than the Citi Double Money because it gives an extended intro interval to pay down debt.
Why must you get the Citi Double Money?
The Citi Double Money is a superb alternative if you happen to’re in search of a no-annual-fee card with a easy rewards system. It may also be a good selection if you happen to’re transferring a stability: You’ll get to cut back your bank card debt whereas saving on curiosity, and also you’ll proceed to get first rate worth out of the cardboard in the long run.
Extra advantages
In addition to a superb rewards charge and stability switch supply, Citi Double Money advantages like $0 fraud legal responsibility, 24/7 fraud safety, Citi Identification Theft Options and Misplaced Pockets service might be useful whenever you want them. You additionally get entry to presale tickets and occasions with Citi Leisure.
Redemption choices
Redeeming money again with the Citi Double Money is simply as simple as incomes it. You possibly can redeem your money again for a press release credit score, examine or direct deposit. Or convert your money again to primary Citi ThankYou factors, which you’ll be able to redeem for reward playing cards, journey by Citi or buying on Amazon or by PayPal.
Advisable credit score rating
To be authorized for the Citi Double Money, you’ll almost certainly want to glorious credit score rating (670 to 850).
Why must you get the Citi Diamond Most well-liked?
The Citi Diamond Most well-liked is a superb possibility if you happen to’re planning a big buy or stability switch. Simply be sure to pay it off in full whereas the 0 p.c intro APR interval lasts — in any other case, you’ll pay a excessive rate of interest (18.24 to twenty-eight.99 p.c variable APR) on the remaining stability.
Extra advantages
Citi Diamond Most well-liked advantages embrace entry to Citi Flex Loans, which you should use to borrow cash towards your card’s credit score line at a hard and fast charge and pay it again over a specified interval. You should utilize this characteristic with no extra charges or credit score inquiries. This generally is a handy possibility must you want a private mortgage sooner or later. Observe, nevertheless, that this characteristic is simply obtainable to pick out cardholders — the issuer should goal you for the supply.
Moreover, you’ll get entry to Citi Straightforward Offers, the place yow will discover reductions on varied purchases (equivalent to retail and restaurant offers). Lastly, like with the Citi Double Money, you’re in a position to benefit from VIP entry to occasions with Citi Leisure.
Redemption choices
The Citi Diamond Most well-liked doesn’t supply rewards, so there aren’t any redemption choices.
Advisable credit score rating
You’ll almost certainly want to glorious credit score rating (670 to 850) to qualify for this card.
The underside line
The Citi Diamond Most well-liked and Citi Double Money are each glorious playing cards with no annual charges, however they aim various kinds of cardholders. In case your objective is to earn rewards, the Citi Double Money is the plain winner. Nevertheless, if you happen to’re planning to hold or switch a stability, the Citi Diamond Most well-liked takes the lead with its intro APR gives on purchases and stability transfers.
