Citi Double Cash vs. Citi Diamond Preferred

There are two types of 0 percent intro APR offers a credit card can extend: zero interest on balance transfers and zero interest on purchases. The former allows you to transfer a balance from another credit card and not pay any interest for a specified period of time, and the latter comes with no interest on purchases for a specified term.

The Citi Diamond Preferred is the winner here since it comes with both types of 0 percent intro APR offers. With this card, you’ll get a 0 percent intro APR on balance transfers for 21 months and on purchases for 12 months (17.24% – 27.99% (Variable) APR thereafter). You must complete your balance transfer within four months of account opening, and you’ll have to pay a balance transfer fee of 5 percent (minimum $5) per transfer.

If you’re not planning any big purchases but would like to transfer your credit card debt to avoid interest, the Citi Double Cash is worth considering since it offers a 0 percent intro APR on balance transfers for 18 months (18.24% – 28.24% (Variable) APR thereafter). You also get an intro balance transfer fee of 3 percent (minimum $5) on balances transferred within the first four months. After the first four months, a balance transfer fee of 5 percent (minimum $5) applies.