topic Re: Citibank phasing out Diamond Preferred in Credit Cards

Citibank phasing out Diamond Preferred

randeman — Wed, 06 Feb 2013 05:22:31 GMT

I have heard that Citi is phasing out this card and will introduce a new card late spring 2013. I can't find anything online to support it. Does anyone have any info?

Re: Citibank phasing out Diamond Preferred

chnceit — Wed, 06 Feb 2013 05:37:24 GMT

I actually wouldnt doubt that they would phase this out. There is not a whole lot of advertisment for this and CITI is really pushing TYP

Re: Citibank phasing out Diamond Preferred

jake619 — Wed, 06 Feb 2013 05:48:04 GMT

I'd rather see them ad TY points to the card. It catches my eye everytime I see it. Its classy looking, far more so to me than the Fisher Price look of the TY cards.

Re: Citibank phasing out Diamond Preferred

Anonymous — Wed, 06 Feb 2013 12:42:29 GMT

I have the Diamond Preferred card and have not heard anything from Citi as of yet

Re: Citibank phasing out Diamond Preferred

youngandcreditwrthy — Wed, 06 Feb 2013 14:12:05 GMT

I just got approved for this card! Lol

I don't think they're changing it ; afaik, it has been on their line up for years... And is known as a basic, yet premium..type of low rate card.

Oh well, we will see!

Re: Citibank phasing out Diamond Preferred

randeman — Thu, 07 Feb 2013 05:47:28 GMT

Well, all I know about it is my buddy that is a banker at Citi told me Diamond was being phased. Does anyone know if Citi has a new card?

Re: Citibank phasing out Diamond Preferred

chnceit — Thu, 07 Feb 2013 05:53:29 GMT

@randeman wrote:
Well, all I know about it is my buddy that is a banker at Citi told me Diamond was being phased. Does anyone know if Citi has a new card?

CITI Prestige is new

Re: Citibank phasing out Diamond Preferred

jake619 — Thu, 07 Feb 2013 05:54:47 GMT

Your buddy would probably know more than anybody here if he knows about the Diamond's fate.

Re: Citibank phasing out Diamond Preferred

jake619 — Thu, 07 Feb 2013 05:56:02 GMT

Prestige is not new, just new graphics.

Re: Citibank phasing out Diamond Preferred

chnceit — Thu, 07 Feb 2013 05:59:24 GMT

@jake619 wrote:
Prestige is not new, just new graphics.

True, but they are just revamping the image of the card. But its still kind of new

Re: Citibank phasing out Diamond Preferred

jake619 — Thu, 07 Feb 2013 06:06:08 GMT

Looks like they removed THANK YOU from the card even though it earns the points and lowered the AF to 400. Maybe they wanted to differentiate it from the TY brand.

Re: Citibank phasing out Diamond Preferred

chnceit — Thu, 07 Feb 2013 06:51:13 GMT

@jake619 wrote:
Looks like they removed THANK YOU from the card even though it earns the points and lowered the AF to 400. Maybe they wanted to differentiate it from the TY brand.

Yup this is what they exactly did. Gotta say its still a nice looking card

Re: Citibank phasing out Diamond Preferred

youngandcreditwrthy — Thu, 07 Feb 2013 13:19:50 GMT

Hope so.... Aren't those TY points similar to SkyPesos(Amex Delta)?
Personally, cash is king when it comes to rewards. Point systems are easily manipulated to reflect a creditor's financial position, which I do not want to be a victim of haha!

Re: Citibank phasing out Diamond Preferred

randeman — Thu, 07 Feb 2013 16:02:12 GMT

@jake619 wrote:
Your buddy would probably know more than anybody here if he knows about the Diamond's fate.

Yeah, but unfortunately, his information came in a text message prior to going out of the country. I figured I was big boy enough to do my own research.

Re: Citibank phasing out Diamond Preferred

kekrre — Thu, 07 Feb 2013 17:05:28 GMT

@youngandcreditwrthy wrote:
Hope so.... Aren't those TY points similar to SkyPesos(Amex Delta)?
Personally, cash is king when it comes to rewards. Point systems are easily manipulated to reflect a creditor's financial position, which I do not want to be a victim of haha!

...no

SkyMiles aren't as valuable as many other airlines' miles because Delta doesn't offer as many 25000 mile rewards. So you could earn 25000 United miles and go somewhere, or earn 25000 SkyMiles and sit somewhere.

TY points are an issue because they change depending on what card you have. If you have a Forward, they might only be worth $0.00625, but [if you have a TY Preferred, they should be worth $0.01, even if you have a Forward]. If you have a TY Premier or a Prestige, they will be worth [$0.01 cash back,] $0.0133 on Citi's travel website.

[Edit: Grey bits redacted, red bits edited. I guess I was wrong - I could have sworn I read somewhere that Preferred and higher got a higher redemption tier, but I guess not.]

Re: Citibank phasing out Diamond Preferred

navigatethis12 — Thu, 07 Feb 2013 16:11:03 GMT

The only way to get one cent per point (cash) with Thank You Points is to redeem for a "mortgage payment" or "student loan". Statement credits and asking for a cheque result in one half cent per point.

I wouldn't be suprised if they got rid of the Diamond Preferred, thouh. In my opinion it's hideous and there is no real benefit to getting it. They could do away with the Simplicity aswell.

Re: Citibank phasing out Diamond Preferred

fedxboy — Thu, 07 Feb 2013 17:14:04 GMT

I have the Citi Diamond Preferred MC and I'm enjoying my 18 month 0% Apr on purchases and BT's. It says I have Thank You points. Anyways, I haven't heard a thing about the card being phased out. In any event, a new Citi card with benefits, I'd be happy to take!