The Citi® Diamond Preferred® and the Citi ThankYou® Preferred rewards cards both come from the same card issuer. As such, it should not come as a surprise why these two cards may be identical on some aspects. Despite their similarities, though, there may still be a variety of differences, which set them apart from each other.
The Citi® Diamond Preferred Credit Card
The Citi® Diamond Preferred® is believed to have one of the best offers in balance transfers. Hence, this is a great choice if you are searching for a card that lets you pay 0% interest on the existing balance. The Citi® Diamond Preferred® card has a very long introductory period on balance transfers and for purchases as well. This means that cardholders can enjoy 0% interest within a particular period. Apart from this, there are a number of other benefits as well.
Citi® Diamond Preferred® is not a rewards card. Nevertheless, it can be an excellent choice as it comes with its own perks and paybacks. Best of all, you can have all the incentives without paying the annual fee. You can enjoy 24/7 concierge service, which permits you to book flights and hotel rooms with the help of a personal concierge, plus you can make restaurant reservations, purchase concert tickets and more by simply calling the service.
Although there are no rewards, you can actually gain extra cash with this card. The extra cash earned almost works like a discount, since all purchases you make will be equivalent to rebates. This benefit, though, is only applicable if you purchase through the Citi website.
Citi ThankYou® Preferred
If your credit score is at least 660 and you want to gain rewards, this may be the best card to get. This is one of the younger cards from Citi. As a matter of fact, this was introduced to replace the Citi® Diamond Preferred® Card Rewards card. As mentioned, this card gives rewards to cardholders, but it does not require an annual fee. It is like obtaining privileges for free.
The Citi ThankYou® Preferred allows you to to receive bonus points if you spend are able to meet the card’s minimum threshold within the first three months of ownership. The points can be transferred to gift cards. All purchases made on the card are equivalent to 1 point against 1 dollar. All the points you have earned are with no restrictions. You can accumulate as much as you want and redeem them whenever you want. If you sign up for an online account, you can get 100 bonus points as well as another 100 if you enroll in the Paperless Statements.
The Citi ThankYou® Preferred rewards card is great for use on everyday purchases. If you often charge your groceries, restaurants, and other purchases into your card, go for this plastic. Meanwhile, the Citi ThankYou® Preferred rewards card , though it does not offer rewards, is a strong contender in the best balance transfer credit cards category. If you need to consolidate your debt without paying high interest rates, this is the card to choose.