Diamond Card (10/25/02) ------------------------------------------------------------------------ FULL STORY: Move over Platinum and Titanium cards, Diamond cards have arrived. Citibank recently introduced its no annual fee "Diamond Preferred Rewards MasterCard" offering a single digit interest rate, a points program, and special discounts. Citibank's move to Diamond joins MBNA, which earlier this year introduced its "AAA Diamond Advantage Platinum Plus VISA." However a diamond card is not always associated with the best credit risks. Atlanta-based CompuCredit, a specialist in sub-prime credit cards, has offered the "Aspire Diamond VISA" for years. The new Citibank "Diamond MasterCard" carries a prime +4.99% purchase interest rate, and a prime +14.99% rate for cash advances. Citibank uses a 20-day grace period on the new card and offers credit lines starting as low as $1,000. Under the "Diamond Rewards" program cardholders can earn a $20 credit on their account by accumulating 5,000 points. For more information on the new "Diamond Preferred Rewards MasterCard" visit www.citibank.com.
I agree George.... I wonder if it will report limits? You have to watch which card you get from Citi. Some don't report limits.
World and Signature cards ... those without preset limits - usually don't report limits (unless you sqwak loud enough). The Diamond card seems to have the same terms as Illumina and Plat. Select - except that it offers rewards the other 2 don't. I'm thinking of switching to the Diamond card from Plat. Select and will see if they keep my 7.99% rate. -mj
Are you sure mj? I tried looking at the offer for Diamond on Citi's site and it looked like Diamond does not have the same benefits as the Platinum card? (Please feel free to correct me if I'm wrong -- I just could not locate any info re. platinum-rate benefits for the Diamond card.)
