topic Re: Citibank Diamond Preferred? Anyone? in Credit Cards

Citibank Diamond Preferred? Anyone?

tmbr10 — Tue, 15 May 2012 00:25:05 GMT

Anyone have this card? Appears to be a prime. My only relationship with Citi was Student Loans. That went really well as they are still posting positively on my credit reports.

I would like to hear experiences with this card. I treasure my Hard Pulls and wanna get as much mileage as possible if I burn one.

I feel confident that I can secure the card. I have an 812 EQ FICO. No INQ's. No Baddies. And ~ $1650 in total debt.

I'm looking at other cards also. This board provides plenty of great advice on my other finalist of cards (i.e. Discover More, AmexBCP/BCE)

I already have Chase Freedom, C1 Venture, Amex Delta Platinum, Bank Visa, Nationwide Bank Visa.

Thanks in advance.

Re: Citibank Diamond Preferred? Anyone?

TNTransplant — Tue, 15 May 2012 01:36:23 GMT

Citi is prime.

I have had this card for almost one year. I got it for the great balance transfer option - 0% for 21 months. Other than that, it doesn't offer much compared to their other cards (or those of other companies) in the way of rewards. But, for me it suited my purpose perfectly.

And the one time I called their CS the rep was excellent - very friendly, professional, and she took care of my issue immediately.

With your scores, though, you should be a candidate for whatever card you desire.

Hope this helps.

Re: Citibank Diamond Preferred? Anyone?

tmbr10 — Tue, 15 May 2012 01:58:28 GMT

@TNTransplant wrote:
Citi is prime.

I have had this card for almost one year. I got it for the great balance transfer option - 0% for 21 months. Other than that, it doesn't offer much compared to their other cards (or those of other companies) in the way of rewards. But, for me it suited my purpose perfectly.

And the one time I called their CS the rep was excellent - very friendly, professional, and she took care of my issue immediately.

With your scores, though, you should be a candidate for whatever card you desire.

Hope this helps.

Thnaks. Would you mind sharing your CL for the card?

Re: Citibank Diamond Preferred? Anyone?

TNTransplant — Tue, 15 May 2012 02:06:39 GMT

@tmbr10 wrote:
Thnaks. Would you mind sharing your CL for the card?

No problem. My CL was $4100, and that was with a FICO score that couldn't have been better than the mid-600s (very likely worse). They pulled Experian, and I had 11 inquiries and ~ 80% utilization on my revolving cards at that time.

Re: Citibank Diamond Preferred? Anyone?

Anonymous — Tue, 15 May 2012 02:11:03 GMT

@TNTransplant wrote:
@tmbr10 wrote:
Thnaks. Would you mind sharing your CL for the card?

No problem. My CL was $4100, and that was with a FICO score that couldn't have been better than the mid-600s (very likely worse). They pulled Experian, and I had 11 inquiries and ~ 80% utilization on my revolving cards at that time.

Wow, that's pretty impressive even for Citi.

Re: Citibank Diamond Preferred? Anyone?

TNTransplant — Tue, 15 May 2012 02:27:51 GMT

@Anonymous wrote:
@TNTransplant wrote:
@tmbr10 wrote:
Thnaks. Would you mind sharing your CL for the card?

No problem. My CL was $4100, and that was with a FICO score that couldn't have been better than the mid-600s (very likely worse). They pulled Experian, and I had 11 inquiries and ~ 80% utilization on my revolving cards at that time.
Wow, that's pretty impressive even for Citi.

Yes, I was stunned - I even got the instant approval message, too. I couldn't believe it.

I do have a perfectly clean credit file, though. Other than the inquiries/utilization there are no negatives whatsoever.

I like to believe it was divine intervention...

Re: Citibank Diamond Preferred? Anyone?

clocktick — Tue, 15 May 2012 03:35:36 GMT

I've had this card for a year. I, too, got it for the 21-month 0%. At the time back then I was approved with a 702 EQ FICO, which is what they pulled. They gave me $7500 and I CLIed to $10k 6 months later. Tomorrow will be a year and I may try for another CLI then. Other than the 0%, I personally do not find anything special about it. I do like and respect Citi though.

Re: Citibank Diamond Preferred? Anyone?

CK_Charles_Lover — Tue, 15 May 2012 04:27:55 GMT

I also got the card a year ago with no interest for 21 months. The citi cash or whatever the rewards are called IMO are worthless. I have hundreds of dollars but have never used any of them.

Re: Citibank Diamond Preferred? Anyone?

Anonymous — Tue, 15 May 2012 04:33:12 GMT

It's a good card. My CL is 12ish.

Re: Citibank Diamond Preferred? Anyone?

crunching_numbers — Tue, 15 May 2012 05:14:02 GMT

I got this card in March for the BT (0% for 15 or 18 months?) There is nothing else exciting about this card. Citi gave me a small CL ($3K) compared to CL's other companies gave me. The rewards program is completely lame, and I am quite disappointed by it. I will use this for the BT and SD it or PC it. You would be better served with one of the other Citi cards IMHO. I would go as far as to say I regret my decision.

Re: Citibank Diamond Preferred? Anyone?

boomhower — Tue, 15 May 2012 13:14:29 GMT

OP: What are you looking for in a card? This one seems kind of pointless. Other cards offer the same benefits plus rewards. I'd say you could do better but we need to know what kinds of things your looking for in a card.

Re: Citibank Diamond Preferred? Anyone?

Anonymous — Tue, 15 May 2012 15:32:25 GMT

I selected this card for the initial balance transfer offer and reasonable interest rate (12.99%). I agree the "Rewards" program is not worthwhile. But they did give me a requested CLI at 6 months. I started at 8,000 went to 10,200. I also receive balance transfer offers from them every month in the form of online transfer or write a check. They are usually 0% for 12 to 15 months. I don't recall exactly what the fee is. Probably 4 or 5%. I'll probably maintain this card for a long time just for the balance transfer offers as I need them.

Re: Citibank Diamond Preferred? Anyone?

tmbr10 — Wed, 16 May 2012 02:06:38 GMT

@boomhower wrote:
OP: What are you looking for in a card? This one seems kind of pointless. Other cards offer the same benefits plus rewards. I'd say you could do better but we need to know what kinds of things your looking for in a card.

I'm looking for a card with a healthy CL and/or not hesitant to extend CLI's. I also like the BT options should I need it. Low APR. Just to name a few. Not sure if I can get all my perks in on one card but one more credit card is about as far as i want to go right now. FWIW, I tried to CLI my Freedom and C1 Venture cards on SP's and they were having none of that. HP's only. Not sure I want to burn one there.

In addition, While I have an AMEX with a healthy CL, I am also considering the BCE but I figure that one AMEX is enough for me. I like the Discover but feel that they are a conservative lender.

Re: Citibank Diamond Preferred? Anyone?

android01 — Wed, 16 May 2012 02:48:36 GMT

I have one with a 14.5K CL. I like it because it looks cool, and I'm not that concerned with rewards.

Re: Citibank Diamond Preferred? Anyone?

tmbr10 — Wed, 16 May 2012 16:42:53 GMT

@android01 wrote:
I have one with a 14.5K CL. I like it because it looks cool, and I'm not that concerned with rewards.

lol. It does look cool. Black cards are the new Platinum

Re: Citibank Diamond Preferred? Anyone?

Anonymous — Wed, 16 May 2012 19:34:59 GMT

To those that CLI..was it a hard or soft pull?

Re: Citibank Diamond Preferred? Anyone?

TNTransplant — Thu, 17 May 2012 01:39:10 GMT

@Anonymous wrote:

To those that CLI..was it a hard or soft pull?

I have read several responses here where ones were able to get CLIs with a soft pull. However, I called them last month to ask about one, and the rep did not know if it would be HP/SP. I asked her to check and see, and she told me after speaking with a supervisor it would be a HP - I declined.

I am going to ask again in August/Sept, as I will have had the card for one year and should have it paid off at that time. I'm curious if that will have any bearing on the HP vs SP decision.

Re: Citibank Diamond Preferred? Anyone?

trumpet-205 — Thu, 17 May 2012 03:21:37 GMT

@tmbr10 wrote:
@boomhower wrote:
OP: What are you looking for in a card? This one seems kind of pointless. Other cards offer the same benefits plus rewards. I'd say you could do better but we need to know what kinds of things your looking for in a card.
I'm looking for a card with a healthy CL and/or not hesitant to extend CLI's. I also like the BT options should I need it. Low APR. Just to name a few. Not sure if I can get all my perks in on one card but one more credit card is about as far as i want to go right now. FWIW, I tried to CLI my Freedom and C1 Venture cards on SP's and they were having none of that. HP's only. Not sure I want to burn one there.

In addition, While I have an AMEX with a healthy CL, I am also considering the BCE but I figure that one AMEX is enough for me. I like the Discover but feel that they are a conservative lender.

I think you should get Citi Simplicity instead.

You should only get Diamond Preferred if you are interested in concierge service.

Re: Citibank Diamond Preferred? Anyone?

android01 — Thu, 17 May 2012 03:27:21 GMT

It was soft for me, but I timed my CLI around when I saw a semi-annual soft pull account review on my EX. Asking for an online CLI is hit or miss. It seems like you may have a better chance of a soft pull if you notice Citi looking at your reports. From what I've read it seems that it's 60% soft, 40% hard ratio. As always YMMV.

Re: Citibank Diamond Preferred? Anyone?

drsmith — Thu, 17 May 2012 03:44:36 GMT

I just opened it about a month ago

Highest CL yet at $8400

They pulled EQ, my score from here was 740ish at the time, with one INQ