Both the BankAmericard and the Citi® Diamond Preferred® Card are good options for consumers looking for a balance transfer card.
Join us as we delve into the nuances of these credit cards, exploring their distinct features, benefits, and suitability for various financial preferences.
BankAmericard vs. Citi Diamond: General Comparison
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Which Extra Benefits You'll Get With Each Card?
BankAmericard
Balance Connect® for overdraft protection: Link your Bank of America checking account to your credit card to prevent declined purchases and overdrafts, with no transfer fees, though other fees may apply.
Account Alerts: Receive email or text alerts to stay informed about your balances and payment due dates, ensuring you never miss a payment.
FICO® Score: Opt-in to access your free monthly FICO® Score through your Mobile Banking app or Online Banking, helping you track your credit health.
Citi Diamond Preferred
- Automatic Account Alerts: Citi Diamond Preferred provides peace of mind with automatic account alerts, notifying you about balance levels, upcoming payments, or exceeding your credit limit through email or mobile notifications.
- $0 Liability on Unauthorized Charges: With Citi Diamond Preferred, you enjoy complete protection against unauthorized charges, ensuring you won't be held responsible for any unauthorized transactions online or otherwise.
- Free Access to Your FICO® Score: The card offers complimentary access to your FICO® Score, empowering you with valuable insights into your credit health.
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When You Might Prefer The BankAmericard?
There are certain situations in which you might prefer the BankAmericard over the Citi Diamond Card:
Longer Introductory APR on Purchases: If you anticipate making significant purchases and aim to benefit from an extended period of 0% introductory APR, the BankAmericard might be the preferred option. Its longer introductory period on purchases can provide you with more time to pay off large expenses without incurring interest charges.
Focused on Lower Interest Rates: For those who prioritize lower interest rates over additional perks, the BankAmericard's competitive interest rates make it an attractive choice. This is especially beneficial for individuals who may carry a balance on their credit card and want to minimize interest costs.
When You Might Want The Citi Diamond Preferred?
- Preference for the Citi Network: If you have a preference for the Citi network, whether due to existing banking relationships or the availability of Citi ATMs, choosing the Citi Diamond Preferred might align better with your overall financial ecosystem.
Compare The Alternatives
If you're looking for cards with 0% intro APR, here are some good options:
|
|
| |
|---|---|---|---|
Capital One Savor card | Chase Freedom Unlimited® card | Bank of America Unlimited Cash Rewards
| |
Annual Fee | $0
| $0
| $0 |
Rewards |
1% – 8%
Earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases. 10% percent cash back on purchases made through Uber and Uber Eats. 8% cash back on Capital One Entertainment purchases. 5% cash back on hotels and rental cars booked using Capital One Travel.
|
1.5% – 5%
5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
| 1.5%
unlimited 1.5% cash back on all purchases
|
Welcome bonus |
$200
$200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
|
$200
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
| $200
$200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
|
Foreign Transaction Fee | $0
| 3%
| 3% |
Purchase APR | 19.99% – 29.99% variable
| 20.24%–28.99% variable
| 18.24% – 28.24% variable APR on purchases and balance transfers |
Compare BankAmericard
The BofA Unlimited Cash rewards is the clear winner when comparing it with Bank Americard – here's our side-by-side comparison
The BankAmericard and the Citi Simplicity card don't offer rewards or welcome bonuses, only a long 0% intro APR.
BankAmericard is the winner, offering a longer 0% intro period on purchases than the Reflect card and a lower APR.
Here's our comparison: BankAmericard vs. Wells Fargo Reflect Card
Compare Citi Diamond Preferred Card
The Citi Diamond Preferred and Simplicity cards don't offer rewards or welcome bonuses – just a long 0% intro APR. Here's our winner:
Citi Simplicity vs. Citi Diamond Preferred: Which Is Better?
Each of these cards has its own goal – transferring your balance and use the long 0% intro APR, or getting decent rewards & sign up bonus
Citi® Diamond Preferred® vs Citi Rewards+® Card: Which Card Is Best?
Both the Citi Diamond Preferred and the Wells Fargo Reflect card don't offer rewards or welcome bonuses, but a 0% intro APR. Which card wins?
Wells Fargo Reflect Card vs. Citi Diamond Preferred Card: Which Card Is Best?
