If you have good credit and need a loan, then you’re in luck. Citibank offers a 0% interest loan for 21 months when you apply for the Citi Diamond Preferred credit card. Plus, there is no annual fee for this card – ever.
- Use the balance transfer option if you need to consolidate your credit cards or other loans. You have up to 4 months after getting the card to call Citibank and request balance transfers on the loans and cards you want to consolidate. There is one catch with a balance transfer – Citi will charge you a one-time 3% fee (with a $5 minimum) on the money you transfer. And they add this charge to your balance.
- The other option is to make new purchases on the card. With this option you are not charged any fees, and you get 0% interest for the first 21 months you have the card.
Once you’ve completed your balance transfers or made your new purchases, setup a payment schedule. To do this, divide the total amount you owe by 21 and pay off that much each month.
amount-you-owe / 21 = monthly-payment
Make sure to pay off your credit card within 21 months, or you will start getting charged interest on the remaining balance – currently 11.99%-20.99% depending on your credit worthiness.
So, as long as you have good credit and can pay off the loan in 21 months – this is a fantastic deal.
Enjoy getting out of debt or making that special purchase while saving money with this 0% interest card. Apply for the Citi Diamond Preferred credit card now.
- 0% interest for 21 months (on purchases and balance transfers)
- No annual fee