Card Comparisons

Citi Diamond Preferred vs. Citi Simplicity

Which card is better for you?


If you’re looking to knock out a large credit card balance or finance a big purchase, both the Citi Diamond Preferred Card and the Citi Simplicity Card are hard to beat.

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If you’re looking for a card to help you knock out a large credit card balance or finance a big purchase, the Citi® Diamond Preferred® Card and Citi Simplicity® Card are hard to beat.

Both Citi cards offer some of the longest interest-free balance transfer periods you’ll find on a credit card. They also both offer a temporary reprieve on new purchases, giving you time to save up your cash and whittle down your card balances before you’re hit with additional interest.

Though very similar, the Citi Diamond Preferred and the Citi Simplicity cards offer slightly different benefits. You’ll want to think carefully about what kind of credit card user you are and what you’re hoping to get from a new card before signing up.

Which card is better for you?

Since both the Simplicity and Diamond Preferred cards offer the same introductory periods on new purchases and balance transfers, the best card for you depends on your payment habits and how responsible you are with paying bills on time. Between the two cards, only the Citi Simplicity waives late fees – making it the better choice for cardholders who struggle to pay bills on time.

If you always pay your bills on time, however, either card can offer you competitive benefits.

Here’s what else to consider when comparing the two cards:

Citi Diamond Preferred vs. Citi Simplicity

Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card

Citi Simplicity® Card

Citi Simplicity® Card

Introductory APR (balance transfers)0% APR for 21 months on balance transfers completed within the first four months (then 13.74%-23.74% variable APR)0% APR for 21 months on balance transfers completed within the first four months (then 14.74%-24.74% variable APR)
Introductory APR (new purchases)0% APR on new purchases for first 12 months (then 13.74%–23.74% variable APR)0% APR on new purchases for first 12 months (then 14.74%–24.74% variable APR)
Rewards rateNoneNone
Annual fee$0$0
Who should get this card?
  • Someone with a large amount of debt
  • Someone who’s transferring a balance but has a limited budget
  • Someone who plans to carry an ongoing balance
  • Someone who wants to finance a big purchase
  • Someone who’s at risk of missing a bill

Best for someone with a lot of old debt: Citi Diamond Preferred card or Citi Simplicity

Both the Citi Diamond Preferred and Citi Simplicity card offer one of the longest introductory APR periods for balance transfers available on the market – 0% for 21 months, then 13.74% to 23.74% and 14.74% to 24.74% variable, respectively. You have to make your balance transfer within the first four months of account opening to qualify for either offer. You’ll also be charged a 5% balance transfer fee ($5 minimum).

If you have quite a large balance to pay off – or plans to carry a balance again in the future – this deal can save you significantly on interest over time. No matter which card you are approved for, you can chip away at your balance without worrying about adding to your debt.

Best for someone who’s at risk of missing a bill: Citi Simplicity card

The Citi Simplicity card has one major benefit over the Citi Diamond Preferred card: It offers much more forgiving terms. Unlike many credit cards, the Citi Simplicity card doesn’t charge a penalty rate, nor does it charge any late fees. That’s a huge deal if you think you may run into financial trouble or forget to make a payment on time.

On the other hand, if you miss payments on the Citi Diamond Preferred card, you could wind up paying a late fee up to $40 and with a penalty rate as high as 29.99% variable.

Penalties for missing a bill

Citi Diamond Preferred cardCiti Simplicity card
Up to $40 in late fees, plus the possibility of a 29.99% variable penalty rateNone

Bottom line

The Citi Diamond Preferred card and the Citi Simplicity card are both great options for cardholders who need help financing a purchase interest-free. However, the best credit card for you comes down to how you plan to use it. For those more worried about late fees and penalty rates, stick with the Citi Simplicity.

Be careful, though, about how much new debt you take on. If you’re trying to clear an existing balance, you’ll have more overall success if you limit your charges as much as possible and focus on paying off as much debt as you can afford.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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