Category: Money

www.citi.com/applydiamondpreferred – Invitation to Apply Online

by Nation10

Consumers that received a mailer from Citi to apply for a Citi Diamond Preferred Credit Card can apply online at www.citi.com/applydiamondpreferred.  The online application for many consumers is considered the fastest way to apply and receive an instant decision versus completing the paper application that you received in the mail and sending it back in the mail.  It can take up to 7 days before you’ll know if you’ve been approved or not.

How to Apply For Citi Diamond Preferred Card

If you’ve decided to apply online you can follow these steps from start to finish in the application process:

www.citi.com/applydiamondpreferred

The invitation number along with your last name identifies you and helps to prepopulate your information onto the application form to speed up the process. The last step is to select “Proceed to Application.”

You will then complete the rest of the Citi Diamond Preferred pre-selected application form and at the end submit it for approval.  The approval process only takes a minute or so to learn if you’ve been approved or denied the card.

During the application process you will need to enter more personal details such as:

  • employer
  • salary
  • mortgage or rent amount
  • email address
  • how long you’ve worked at your current job
  • how long you’ve lived at your current residence

Citi Diamond Preferred Card Highlights

There are a number of features that are attached to this card but the major highlights you will enjoy are:

  • 21 month 0% introductory APR on balance transfers
  • 12 month 0% introductory APR on purchases

The major features of this particular card that will attract new consumers is the 21 month 0% introductory annual percentage rate on balance transfers.  This is a huge deal for so many consumers because they can transfer a high interest credit card debt from another card onto the Diamond Preferred card at citi.com/applydiamondpreferred and immediately begin saving money in interest.  

With this no intro APR on balance transfers users can realize how much faster they can pay off their old credit card debt because they are not being penalized compounding interest.  Higher credit card balances take longer to pay off because of the continued interest being added on. This card totally eliminates the high interest rate for the first 21 months allowing you the ability to pay the card off.

A secondary feature that is also attractive is the 0% introductory APR for 12 months on purchases.  As soon as you open the account this perk begins and after the 12 months expire the actual credit card APR will kick in depending on your credit between 14% and 24%.  

Basic Diamond Preferred Features

Here are other features you can expect and enjoy from the offer at citi.com/applydiamondpreferred:

  • Card is specifically for individuals with excellent credit
  • No annual fee
  • Free access to FICO scores
  • Extra perks such as access to pre-sale tickets, purchase protection
  • 24/7 access to personalized concierge service
  • Balance transfer either $5 or 3% of the amount of each transfer, whichever is greater
  • $0 fraud liability if card is stolen
  • Special cardholder access to a variety of ticket presales
  • Rental card insurance
  • Travel insurance
  • Purchase protection
  • 24/7 customer service – call number on the back of your card for assistance
  • Apple Pay – for quick and easy payments with a simple touch you can pay in app at over 200,000 stores with the iPhone 6, iPad Air 2 and iPad mini 3.
  • Automatic account alerts – keep you informed, sends reminders of balance levels, payments due, over the credit limit, by email or directly to your mobile phone.

Consumers that received the mailer can apply online while the offer is available at www.citi.com/applydiamondpreferred.

Why Credit Cards Are Your First Choice

by Nation10

 

You may be wondering: Why use credit cards? It’s a question you’ve probably asked yourself, but you might not fully understand why. After all, there are some significant benefits to using a credit card instead of cash. Let’s explore why people like to use credit cards. First, let’s examine the disadvantages of using cash. After all, who would want to use cash? Credit cards are a convenient way to make purchases when you don’t have cash to spare!

The disadvantages of using cash over credit?

While accepting cash is safer than accepting credit cards, there are many disadvantages to this payment method. Cash can easily become mixed up with other kinds of finances and no paper trail is left. In addition, accepting cash only puts your business at risk of theft. Using cash only may be a good choice for individuals looking to curb impulse spending, but if you plan on using it on a regular basis, you should weigh the pros and cons before making a decision.

One of the biggest disadvantages of using cash is the potential overspending. Without cash, impulse purchases are easier to make. People who pay in cash are more likely to watch their bank balances and avoid making impulse purchases. In addition, paying in cash can get you lower prices because merchants will charge you more for using a card. Another disadvantage is that you may pay interest on purchases made with a credit card.

Why people like to use credit cards?

One reason people like to use credit cards is that they earn rewards for their everyday purchases. In addition to that, credit cards are also excellent budgeting tools. Some people even use their cards exclusively to make purchases, such as Nate B. and Jessica L., who each use credit cards to make all of their purchases. Despite their convenience, these people may not realize how much they actually benefit from using credit cards.

In a recent study by the Federal Reserve, consumers were asked how they prefer to make purchases. More than half (54%) said that they would use a credit card over cash. But only 19% said they preferred cash. And that number drops to just 11 percent by 2021. So how can we understand the popularity of credit cards? The first reason is that the use of credit cards is growing in the U.S., where the percentage of people making purchases with credit cards exceeds that of people in other countries.

The benefits of using credit cards?

There are many benefits to using credit cards over cash. Using credit cards helps you build credit, earn cash back, and enjoy fraud protection. Other benefits include convenience and tracking your spending. However, credit cards carry a lot of responsibility and can easily lead to debt, fees, and poor credit. Using a credit card wisely is essential to keep from falling into this trap. However, the benefits of using credit cards outweigh the disadvantages.

Using a credit card can help you establish a good credit history, which can lead to better interest rates in the future. Additionally, you can use your card to get points or rewards, such as airline miles. Using credit cards is advantageous for some people, but you should avoid them if possible. The Federal Reserve Consumer Payment Choice Diary published in October 2020 found that only 19% of Americans used cash instead of cards. In addition, a survey by Travis Credit Union showed that only 29% of respondents preferred cash to cards, while 59% said that they used their cards instead of cash. The main reason consumers choose cards over cash is convenience. Interestingly, 11% of respondents said that they found credit cards more hygienic than cash.