Citi® Diamond Preferred® Credit Card vs Chase Freedom Rise

Detailed Comparison Overview

Key Facts

Annual Fee

Avg. Min. Credit Score

APR on purchases

APR on balance transfers

Ongoing APR

Balance transfers fees

Best Multiplier

Avg. Point Value
(Learn More)

Bonus Offer

Rating

Review

Key features

Free Access to Credit Score

0% Intro APR on Purchases

0% Intro APR on Balance Transfers

Unique Card Benefits

Purchase Protection

Extended Warranty

Trip Protections

Citi® Diamond Preferred® Credit Card

Annual Fee

Avg. Min. Credit Score

670-850

APR on purchases

0% Intro APR (on purchases for 12 months, 18.24%-28.99% thereafter)

APR on balance transfers

0% Intro APR (on balance transfers for 21 months, 18.24%-28.99% thereafter)

Ongoing APR

18.24%-28.99% (Variable)

Balance transfers fees

Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.

Best Multiplier

0x Everything Else

Avg. Point Value
(Learn More)

$0.01

Bonus Offer

None at this time

Rating

(2.75) Our Review

Review

This card does not have a rewards program or offer cash back, so you won’t earn rewards for spend. Rewards credit cards tend to carry high APRs and are suitable for those that do not carry a balance.

The Diamond Preferred card is all about the Introductory Purchase and Balance Transfer offers and ideal for those that already have credit card debt.

You can use this offer to help get your debt under control and think about rewards and cash back cards later – once you are debt free and won’t need to carry a balance. Be sure to read all rates, fees, and disclosures before you apply.

It also offers Citi “My Deals” both on the Citi Mobile App and Citi Online. My Deals provides easy access to national and local coupons across categories such as dining, shopping, and entertainment. Offers depend on your geographic location.

You’ll also have access to discounted gift cards select brands and a daily gift card deal.

Free Access to Credit Score

yes

0% Intro APR on Purchases

yes

0% Intro APR on Balance Transfers

yes

Unique Card Benefits

Purchase Protection

Extended Warranty

Trip Protections

Chase Freedom Rise®

Annual Fee

Avg. Min. Credit Score

670-850

APR on purchases

APR on balance transfers

Ongoing APR

26.99% (Variable)

Balance transfers fees

$5 or 5% of the amount of each transfer, whichever is greater

Best Multiplier

5x Lyft

1.5x Everything Else

Avg. Point Value
(Learn More)

$0.01

Bonus Offer

Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account. With automatic payments, just pick a date and dollar amount to make sure your Credit Card gets paid on time.

Rating

(3.5) Our Review

Review

The Chase Freedom Rise® is specifically aimed at those people who haven’t yet established credit, whether they are young or new to the country.

What’s great about this card is that unlike most “starter” credit cards, this credit card actually earns cash back and a handsome 1.5% cash back at that – all with no annual fee and it’s not a secured credit card, meaning you are being given credit the same as anyone else and you’ll be able to build your credit score by using the card and making on time payments. The cash back is awarded as Chase Ultimate Rewards points, but they are not transferable points – only cash back.

There are no intro 0% APR offers on this card so it’s best for someone that will be able to pay their bills on time and, ideally, in full.

Free Access to Credit Score

yes

0% Intro APR on Purchases

0% Intro APR on Balance Transfers

Unique Card Benefits

yes

Purchase Protection

yes

Extended Warranty

yes

Trip Protections

yes