Citi® Diamond Preferred® Card
vs. Capital One VentureOne Rewards Credit Card

Shield Insurance

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If you're looking for a credit card with no annual fee and introductory APR offers, you may be considering the Citi Diamond Preferred Card and the Capital One VentureOne Rewards Credit Card. The Capital One VentureOne Rewards Credit Card is better for those who want to earn rewards and take advantage of a welcome offer, providing five miles per dollar on hotels and rental cars booked through Capital One Travel and a bonus of 20,000 miles after spending $500 in the first three months. In contrast, the Citi Diamond Preferred Card is more suitable for those seeking a longer balance transfer introductory period, offering 0% APR for 21 months on balance transfers.

Credit Card logo for Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
Credit Card logo for Capital One VentureOne Rewards Credit Card
Capital One VentureOne Rewards Credit Card
MoneyGeek Rating
4.1/ of 5
MoneyGeek Rating
3.7/ of 5
On Issuer's Site
On Issuer's Site

Citi Diamond Preferred Card vs. Capital One VentureOne Rewards Credit Card: Which Is Better for You?

You might prefer the Citi® Diamond Preferred Card if: you're looking to transfer an existing balance and want the longest possible introductory APR period to pay it off. With a 21-month 0% intro APR on balance transfers, this card stands out for those who need an extended timeframe to manage their debt without accruing interest. Additionally, there's no annual fee, which can help you save money in the long run. However, this card does not offer rewards on purchases, so it's not suited for those looking to earn points or miles on their spending.

You might prefer the Capital One VentureOne Rewards Credit Card if: you're interested in earning rewards on your purchases. This card offers five miles per dollar on hotels and rental cars booked through Capital One Travel, making it a good choice for frequent travelers who book through Capital One. It also has a $0 annual fee and no foreign transaction fees, which are great for international travelers. The card provides a 0% intro APR on purchases and balance transfers for 15 months, which is shorter than the Citi Diamond Preferred Card but still a considerable period to enjoy interest-free payments.

MoneyGeek's Take on the Citi Diamond Preferred Card

The Citi Diamond Preferred Card boasts a strong MoneyGeek balance transfer card rating of 4.1, reflecting its exceptional offering in this category. Ideal for individuals seeking to consolidate and pay off existing credit card debt, the card features an outstanding 21-month 0% introductory APR on balance transfers. This extended period can provide substantial interest savings for those working to reduce their balances. While the card does not offer rewards for spending, its $0 annual fee makes it an economical choice for those focused on minimizing costs. However, users should be aware of the 5% balance transfer fee and a 3% foreign transaction fee, which could affect the overall savings if not considered carefully.

Citi® Diamond Preferred® Card
Credit Card logo for Citi® Diamond Preferred® Card
MoneyGeek Rating
4.1/ of 5
On Issuer's Site

Regular APR
17.74% - 28.49% variable
0% APR Offer
0% for 12 months on purchases
Balance Transfer Offer
0% for 21 months on balance transfers
Rewards Summary
N/A
Recommended Credit
670-850 (Good to Excellent)

MoneyGeek's Take on the Capital One VentureOne Rewards Credit Card

The Capital One VentureOne Rewards Credit Card, rated at 3.4 by MoneyGeek for balance transfer cards, offers a blend of flexibility and value for those with good to excellent credit. With a $0 annual fee and no foreign transaction fees, this card is a smart choice for travelers and budget-conscious consumers alike. Its rewards program allows for unlimited earning potential, making every purchase an opportunity to accumulate miles. The card's welcome offer provides an opportunity to earn 20,000 miles and boosts your rewards balance. Additionally, the 0% introductory APR for 15 months on both purchases and balance transfers is helpful for new cardholders. This card is well-suited for individuals looking for a cost-effective way to earn travel rewards without annual fees.

Capital One VentureOne Rewards Credit Card
Credit Card logo for Capital One VentureOne Rewards Credit Card
MoneyGeek Rating
3.7/ of 5
On Issuer's Site

Regular APR
19.74% - 29.74% variable
0% APR Offer
0% for 15 months on purchases
Balance Transfer Offer
0% for 15 months on balance transfers
Rewards Summary
Earn 1.25 miles on every purchase
Recommended Credit
670-850 (Good to Excellent)

Details Comparison: Citi Diamond Preferred Card vs. Capital One VentureOne Rewards Credit Card

Our breakdown compares APRs, fees, required credit, rewards, introductory offers and other features. Use this section to gauge which card aligns with your financial habits, whether you prioritize a longer balance transfer period or a rewards program. For instance, if you're planning a big purchase or a balance transfer, the Citi Diamond Preferred Card's longer intro APR period might be appealing. If you travel frequently and prefer earning miles, the Capital One VentureOne Rewards Credit Card could be the better fit.

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    Regular APR

    The Citi Diamond Preferred Card offers a better Regular APR range with rates from 18.24% to 28.99% variable, compared to the Capital One VentureOne Rewards Credit Card's 19.99% to 29.99% variable.

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    Annual Fee

    Both cards have a $0 annual fee, making them equally attractive for users looking to avoid yearly charges.

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    Introductory 0% APRs

    For introductory 0% APRs on balance transfers, the Citi Diamond Preferred Card offers a longer period of 0% APR for 21 months compared to the Capital One VentureOne Rewards Credit Card's 15 months. However, both cards provide a 0% introductory APR for 15 months on purchases. Here are great cards that have 0% introductory APRs.

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    Rewards

    The Capital One VentureOne Rewards Credit Card is better for rewards, offering five miles per dollar on hotels and rental cars booked through Capital One Travel. In contrast, the Citi Diamond Preferred Card does not offer cash back, miles or points on purchases.

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    Welcome Offers

    The Capital One VentureOne Rewards Credit Card is better for welcome offers, offering 20,000 bonus miles after a $500 spend within the first three months. The Citi Diamond Preferred Card does not offer a welcome bonus.

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    Recommended Credit Score

    Both the Citi Diamond Preferred Card and the Capital One VentureOne Rewards Credit Card require a credit score range of 670 to 850.

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    Penalties and Fees

    Capital One VentureOne Rewards Credit Card is better for penalties and fees, with a late fee of up to $40, no foreign transaction fees, and a lower cash advance fee of 3% for the first 15 months. Citi Diamond Preferred Card charges up to $41 for late fees, has a 5% cash advance fee with a $10 minimum and imposes a 3% fee on foreign transactions.

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    Issuer Satisfaction

    The Capital One VentureOne Rewards Credit Card has a higher issuer satisfaction than the Citi Diamond Preferred Card.

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    Other Features & Perks

    Citi Diamond Preferred Card offers exclusive access to Citi Entertainment, providing special event tickets and experiences. Capital One VentureOne Rewards Credit Card has no foreign transaction fees, making it a better choice for travelers. Depending on your priorities—exclusive events or travel benefits—each card has its unique advantages.

FAQ: Citi Diamond Preferred Card vs. Capital One VentureOne Rewards Credit Card

What are the introductory APR offers for each card?
How do the annual fees compare between the Citi Diamond Preferred Card and the Capital One VentureOne Rewards Credit Card?
What kind of rewards can I earn with each card?
What are the credit requirements for each card?
Are there any foreign transaction fees associated with these cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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