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Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
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The information related to Citi® Diamond Preferred® Card has been collected by The Motley Fool and has not been reviewed or provided by the issuer or provider of this product or service.
Your Citi® Diamond Preferred® Card credit limit is the maximum balance you can carry on it. Not only does it determine how much you can spend on purchases, it also determines the amount you can bring over using balance transfers.
What is the Citi® Diamond Preferred® Card's credit limit?
The Citi® Diamond Preferred® Card credit limit starts at $500 and can range over $10,000 for the most creditworthy borrowers. According to Citi, it bases your credit limit on the following:
Your annual salary and wages
Any other annual income
A review of your debt
Citi sets your credit limit when it approves you for the card. For that reason, there's no way of knowing exactly what your credit limit will be before you apply. You're more likely to get approved for a high limit if you have a good or excellent credit score and high income. That also makes it more likely that your application is approved for top credit cards like this one.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash back on rotating categories
Discover will match all the cash back you've earned at the end of your first year.
N/A
1% - 5% Cashback
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash back
Up to $300 cash back
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases.
1.5% - 5% cash back
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Intro:
0% Intro APR on Purchases and Balance Transfers for 15 months
Purchases: 0% Intro APR on Purchases, 15 months
Balance Transfers: 0% Intro APR on Balance Transfers, 15 months
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for earning travel rewards
75,000 Miles
75,000 Miles once you spend $4,000 on purchases within 3 months from account opening
2X-5X miles
Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.
How your Citi® Diamond Preferred® Card credit limit affects balance transfers
The best perk of the Citi® Diamond Preferred® Card is its balance transfer offer. It has a 0% intro APR for 21 months on balance transfers, which makes it great for refinancing credit card debt. You must complete balance transfers in the first four months for them to qualify for the intro rate. This card also has a 0% intro APR on purchases for 12 months from account opening. In both cases, the go-to 18.24% - 28.99% (Variable) APR applies after the intro period ends.
If you open this Citi credit card to help pay off credit card debt, your balance transfers can't exceed your credit limit. Keep in mind that the Citi® Diamond Preferred® Card also charges a balance transfer fee of 5% ($5 min.), whichever is greater.
Let's say you have $5,000 in credit card debt that you want to transfer over. The balance transfer fee would be $250 (5% of $5,000). You would need a credit limit of at least $5,250 to be able to transfer over all your credit card debt.
How to increase your Citi® Diamond Preferred® Card credit limit
To get a higher credit limit on your Citi® Diamond Preferred® Card, request a credit limit increase with Citi. Here's how to do this online:
Log in to your account on the Citi website.
Under the "Services" tab, select "Credit Card Services."
In the "Card Management" section, select "Request a Credit Limit Increase."
Provide your annual income and your monthly rent or mortgage payment.
Submit the request.
You can also request a credit limit increase over the phone by calling the number on the back of your Citi card. Whether you make your request online or by phone, Citi will provide an immediate decision.
Citi may increase your Citi® Diamond Preferred® Card credit limit every six to 12 months. While Citi sometimes does this automatically, you can also request a credit limit increase at any time.
The Citi® Diamond Preferred® Card is one of the best card options for refinancing credit card debt. It has a 0% intro APR on balance transfers for 21 months. By transferring balances to this Citi card, you can pay down your debt interest free during the intro period. The go-to variable rate applies after the intro period ends, at which point you'll be charged interest on any remaining balance.
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