Rewards features:  

The Citi Diamond Preferred Rewards MasterCard features a straightforward rewards program. Every dollar you spend earns you one point in Citi’s ThankYou Network. ThankYou rewards points can be redeemed on Expedia flights, hotels and travel packages. Citi Diamond Preferred Rewards MasterCard holders looking for benefits beyond travel can redeem points for retail merchandise and gift certificates. ThankYou points can even be applied toward an outstanding balance on the Citi Diamond Preferred Rewards MasterCard.

Citi’s introductory offer really catches the eye. For the first year of membership, Citi Diamond Preferred Rewards MasterCard holders earn five points on every dollar spent on gas, groceries and drugstore purchases. Double the introductory bonus points with a 0% introductory APR, and the Citi Diamond Preferred Rewards MasterCard is all the more tempting for new members.

APR:  

Your ultimate standard APR on the Citi Diamond Preferred Rewards MasterCard depends on your credit rating. Applicants with excellent credit scores can expect an APR of 11.99%—a fair interest rate to be sure. Where the Citi Diamond Preferred Rewards MasterCard really impresses as far as costs are concerned however is with the one year 0% introductory APR. Potential members looking to move away from higher interest rates will be happy to hear that the yearlong 0% interest rate applies to balance transfers too.

As with all credit cards, neglecting an account and letting it slip into default status has expensive consequences. The default APR on the Citi Diamond Preferred Rewards MasterCard is 29.99%. Cash advances are similarly costly—21.99% APR in addition to a fee of 3%.