Citi® Diamond Preferred® Card
vs. BankAmericard® Credit Card

If you're seeking a credit card with a strong introductory APR offer and no annual fee, you may be considering the Citi Diamond Preferred Card and the BankAmericard Credit Card. The Citi Diamond Preferred Card is generally better for longer balance transfer periods, offering 0% for 21 months on balance transfers, compared to BankAmericard's 18 months. However, the BankAmericard Credit Card may be more suitable if you're looking for a lower regular APR after the introductory period ends, with a range of 16.24% to 26.24% variable versus Citi's 18.24% to 28.99% variable.

You might prefer the Citi Diamond Preferred Card if: you're planning a balance transfer and want the longest possible introductory period to pay it off without accruing interest. With a 0% intro APR for 21 months on balance transfers, this card helps those who need an extended timeframe. Additionally, if you occasionally make large purchases, you'll benefit from the 0% intro APR for 12 months on purchases. However, there's a penalty APR of up to 29.99% variable for late payments, which could be a downside if you sometimes miss payment deadlines.

You might prefer the BankAmericard Credit Card if: you're looking for a card with a generous introductory APR period and a slightly higher customer satisfaction rating. The BankAmericard offers a 0% intro APR for 18 billing cycles for purchases and balance transfers, which is slightly less than the Citi card but still substantial. It also has a lower late fee of up to $40 and no penalty APR, which could provide peace of mind if you're concerned about the possibility of making a late payment. While it doesn't offer rewards, its fee structure and introductory offer make it a strong contender for those seeking a cost-effective credit card.

The Citi Diamond Preferred Card boasts a MoneyGeek Balance transfer card rating of 4.1 out of 5, reflecting its strength in this category. With an outstanding 21-month 0% intro APR on balance transfers, this card is a strong contender for those looking to consolidate and pay down existing credit card debt without accruing additional interest. The card also offers a 12-month 0% intro APR on purchases, making it a good option for new, large purchases that you plan to pay off within a year.

With no annual fee, the Citi Diamond Preferred Card keeps costs down, although it does charge a balance transfer fee of 5% or $5 minimum. The regular variable APR ranges from 18.24% to 28.99%, which is something to consider if you're likely to carry a balance past the introductory periods. While the card doesn't offer rewards like cash back or points, its value lies in the potential interest savings during the intro periods.

The BankAmericard Credit Card, issued by Bank of America, is a solid choice for those seeking a straightforward credit card with a focus on balance transfers and financing large purchases. It stands out for its introductory offers. The card boasts a $0 annual fee. It offers a generous 0% APR on purchases and balance transfers for the first 18 billing cycles, making it an attractive option for individuals looking to manage existing debt or fund upcoming expenses without incurring interest charges immediately.

It's best suited for consumers with a good to excellent credit score, ranging from 670 to 850, who are looking for a cost-effective way to pay down balances or finance purchases over a period of time. However, be mindful of balance transfer and foreign transaction fees, which could add to your costs if you plan to transfer a balance or use the card abroad.

Our breakdown will help compare APRs, fees, required credit, rewards, introductory offers and other features. For instance, if you're planning a large purchase or need to transfer a balance, the Citi Diamond Preferred Card's longer 0% APR period on balance transfers could save you more in the long run. Conversely, if you're looking for a longer 0% APR on purchases, the BankAmericard Credit Card extends this offer for 18 billing cycles. Examining these details lets you pinpoint which card aligns with your financial habits and goals.