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Elizabeth is a personal finance writer specializing in credit cards, debt repayment, and small business. Her work has appeared on The Motley Fool, MSN Money, Yahoo! Finance, and Business Insider. She’s an avid credit card points collector and perpetual traveler currently living in Costa Rica.
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.
Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in 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.
The Citi® Diamond Preferred® Card credit score requirements aren't hard and fast, but you should have good to excellent credit -- a score of 670 or greater -- but scores in the excellent credit tier of 740 or higher have the best shot. It's possible to be approved with a score in the 600s but far less likely, just as it's possible to have a score above 700 and still not get approved.
In this article, we'll take a closer look at how Citi decides to approve applicants for all of its credit card products, and this card in particular.
When Citi considers your creditworthiness for the Citi® Diamond Preferred® Card, your credit score isn't the only thing that matters. Some of the factors the company will look into include:
Your credit history
Your income
Your debt-to-income ratio
Your debt-to-income ratio is how much debt you have compared to how much money you make. More precisely, it's your monthly debts divided by your pretax monthly income.
One Citi personal credit card in any eight-day time frame
One business credit card in a 90-day period
Two Citi credit cards total in a 65-day window
If you exceed these limits, you'll be denied for the Citi® Diamond Preferred® Card.
What to do if you don't think you'll be approved
If you don't think you'll have a good chance at approval for the Citi® Diamond Preferred® Card based on your credit score, it might be worth waiting.
Each time you apply for a credit card, the card issuer does a hard pull on your credit report, otherwise known as a hard credit inquiry. While they aren't the most important factors in determining your credit score, too many recent inquiries on your credit report can drag down your score. So you want to target credit cards you have a good shot at getting approved for.
Here are a few other cards we love that are worth considering if you have less than perfect credit:
3.75/5
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.
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= Excellent
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= Fair
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Rating image, 5.00 out of 5 stars.
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
Rating image, 4.00 out of 5 stars.
4.00/5
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
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: New to Credit Under(579)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
New to Credit Under(579)
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: New/Rebuilding Under(579)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
New/Rebuilding Under(579)
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: New/Rebuilding Under(579)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
New/Rebuilding Under(579)
Welcome Offer:
N/A
Welcome Offer:
Discover will match all the cash back you’ve earned at the end of your first year.
Welcome Offer:
N/A
N/A
Rewards Program:
N/A
Rewards Program:
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
1% - 2% Cashback
Rewards Program:
—
Intro APR:
Purchases: N/A
Balance Transfers: N/A
Intro APR:
Purchases: n/a
Balance Transfers: 10.99%, 6 months
Intro APR:
Purchases: N/A
Balance Transfers: N/A
Regular APR:
27.74% (Variable)
Regular APR:
28.24% Variable APR
Regular APR:
29.99% (Variable)
Annual Fee:
$0
Annual Fee:
$0
Annual Fee:
$0
Highlights:
The Citi® Secured Mastercard® is a no annual fee credit card that helps you build your credit when used responsibly.
Unlike a debit card, it helps build your credit history with monthly reporting to all 3 major credit bureaus. Once available, you will also have free access to your FICO score online.
Use your card anywhere Mastercard® is accepted — worldwide.
A security deposit is required. Once approved, your credit limit will be equal to your security deposit (minimum of $200).
Get help staying on track with Auto Pay and account alerts.
With Flexible Payment Due Dates, you can choose any available due date in the beginning, middle or end of the month.
Manage your account 24/7 online, by phone, or in our mobile app.
Highlights:
No credit score required to apply.
No Annual Fee, earn cash back, and build your credit history.
Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
Terms and conditions apply.
Highlights:
No annual or hidden fees. See if you're approved in seconds
Building your credit? Using the Capital One Platinum Secured card responsibly could help
Put down a refundable security deposit starting at $49 to get a $200 initial credit line
You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
Monitor your credit score with CreditWise from Capital One. It's free for everyone
Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app
Increase your credit score to boost your chances of approval
Here are some steps you can take to increase your credit score if you don't qualify for the Citi® Diamond Preferred® Card:
Build a positive payment history by paying your bills on time. This is the single most important factor in your credit score.
Put small purchases on your card and pay it off in full each month.
Pay down existing balances on your credit cards.
Paying down outstanding credit card debt is one of the best things you can do to improve your credit quickly. Not only will this contribute to your payment history, but it will also decrease your amounts owed, which is the second most important category in calculating your credit score.
If you can't qualify for the Citi® Diamond Preferred® Card because of your credit score, it's also worth looking into similar credit cards with looser credit requirements. Even if you have poor credit, you can look into a secured credit card. These cards are an excellent tool for building good credit when you use them regularly and pay your bill on time each month.
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.
4.50/5
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
20,000 ThankYou® Points
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Up to 2% cash back
2% cash back: 1% when you buy plus 1% as you pay
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
There's no specific minimum credit score required for the Citi Diamond Preferred, but it's safe to assume you'll need at least a good credit score, which is usually defined as 670 or greater. However, applicants with excellent credit scores of 740 or higher have the best chance, although Citi looks at other factors such as your income, other debts and credit accounts, and more.
The Citi Diamond Preferred credit card is designed for customers with good or excellent credit histories. It isn't extremely difficult to get compared to some other credit cards and loan products, but you'll need income and a debt situation that meets Citi's standards as well.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Citigroup is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Elizabeth Aldrich has no position in any of the stocks mentioned. Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard and Target. The Motley Fool recommends Discover Financial Services and recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Mastercard.
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