Citi Diamond Preferred Rewards - 0% on BTs, no BT fee and more

This looks like the mastercard version...there is also an AMEX offer floating around.

could you post the scan here?

sweater said: madhorse3 said: Seems good, but is there any scan for that? just in case.

find it. Thanks. will apply

I do have a scan of the offer (in jpeg format). If you want it, PM me an e-mail address.

Hello, I don't see anywhere mentioned about the 10,000 points after I enter the promotion code, is this right?

sweater said: I found this offer and though some might find it useful.

Citi Diamond Preferred Rewards Card for new cardmembers only. Double points for 12 months (2 per $1), 10,000 bonus points after first purchase redemable for a $100 gift card, 0% on BTs until 2/1/08, No BT fee with this offer.

The offer code is F1A6. It expires 3/15/07. Call (800) 850 8287 or website

upload scan

op, emailed and I uploaded.

Can one earn TY points on balance transfers? I could transfer a couple of my student loans which I plan to have paid off in less than 6 months just to earn the 0% interest plus the points value.

Does this offer come with "5 reward points for every $1 spent on purchases at supermarkets, drugstores and gas stations; 1 point for every $1 on all other purchases" like the one they have for this card on their website www.citicards.com ?

catonis said: Judging from past practice, you would receive the bonus.

Signed up, and I'll report back. Thanks!

MuthaFaker said: What limit did you guys got approved for? Mine didn't exceed 10k...

$7.3k, but I have other cards with them

VzwSpiker said: Do I have to submit for the BT at the point of applying for this card to get the [0%-0fee] offer? Or can I apply for the card and then process a BT through the card's website and still recieve the 0 fee offer? Please let me know

it's ok to bt later. I got the card already. And I didn't find where to bt during the application.

Same offer, different code F3A6

2 points for 12 months, 0% no fee BT until 2/1/08, $100 GC after 1st purchase, call 1-800-872-0940.

Now my question is: since this is an American Express card, may I reallocate my credit line on other Citi Mastercard to this one? Thanks.

pratikgr said: I have one question. I got approved for 0% and credit line of 6500. If I request to increate the credit line to 15K and then do a BT of 15K, do the charge me any fees?

No Fees is only for initial approved BT of 6500? or I can increase my CreditLine and then use with No Fees?

They won't approve the CLI

No extra fee.

I did this many times. Got a new citi card with $500 CL, then moved CL from other citi cards to this one(with no-fee 0% APR). Now my question is: Will they move CL in Citi mastercard to Citi AMEX?

pratikgr said: I have one question. I got approved for 0% and credit line of 6500. If I request to increate the credit line to 15K and then do a BT of 15K, do the charge me any fees?

No Fees is only for initial approved BT of 6500? or I can increase my CreditLine and then use with No Fees?

From my experience with Citi, they might very well approve the CLI, although moving a line from another Citi card might be a little easier. I sought a CLI and got an additional 2k immediately after getting my last Citi.

Okay, I got approved for both this deal (F1A6) and another one using the F1K7 code. F1K7 does come with a balance transfer fee of $75 but it's lifetime 0% as long as I make two purchases every month - planning to make two small purchases.

My question is, with both approved, is there any strategy to maximize the benefit, or it doesn't matter?

internetle said: got CSR to move CL from another card to citi AMEX, it would take 24 hrs.

Which card? They didn't let me do it from a PremierPass (MC) to this one.

Yes they didn't increase CL for me as well so I just consolidated a couple cards and did a BT, I'm using the amount to pay off my car loan which is at 5.6% APY. Now I wont be paying interest on the car loan and will pay off the entire amount to citi before february Great deal for me!

To the poster above, this is not a 5%/1% promotion...The only good thing abt the card in terms of TY points is 2points per $1 spent. There is NO 5% at gas stations/drugstores etc...correct me on this if I'm wrong.

diazfranco said: rizzleness said: I'm using the amount to pay off my car loan which is at 5.6% APY.
Compounded daily or monthly?

Good question, I'm not really sure but I don't think it makes much of a difference for any amount thats not as big as 100k.
Read this article:

Interest Compounded Daily vs. Monthly: Does It Matter?

Short answer: No, not really, unless you are talking amounts over six figures.

I’ve seen so many people get hung up on this, I think it deserves a post. The easiest way to explain it is with an example. Let’s say ‘DaBank’ compounds interest daily on their accounts, and ‘MoBank’ compounds interest monthly. Let’s say you have a $10,000, 1-Year CD with both of them at the same 5% APR interest rate, and compare how much interest you have at the end of the year. Both credit interest monthly.

MoBank:
Since MoBank compounds monthly, you are getting 5/12 = .4166% every month. So, at the end of the first month, you will have 10,000 x 1.004166 = $10041.67. During the second month, you will be earning .4166% on $10041.67, not just $10,000. So at the end of the 2nd month you’ll have $10083.51, not $10083.34. This goes on for twelve months:

$10,000 x (1 + .05/12)12 = $10511.62.

DaBank:
Since DaBank compounds daily, you are getting 5/365 = .0137% every day. So, at the end of the first day, you will have 10,000 x 1.000137 = $10001.37. Using the same basic formula as above for 365 days:

$10,000 x (1 + .05/365)365 = $10,512.67.

So over the course of a year you’ve only earned $1.05 more by compounding daily versus compounding monthly.

The easy way to not even worry about this is to just compare APYs instead of APRs. APY, or Annual Percentage Yield, calculates your annual interest return including compounding however it is calcuated, whether it be daily, monthly, or every 6.374 seconds. So in our example above MoBank would advertise a 5.12% APY and DaBank could advertise a 5.13% APY, with the same 5% APR.

I hope that clears things up for some!