Luxury Credit Card

Citi's New Credit Card Proves the Bank's Credit Power

Citibank credit card holders might not have seen a better offer on the market yet. In the credit crunch environment it may seem a bit queer for card companies to provide more, better and easily available credit but Citi is evidently going to stand out and prove customers that it is stable in revenues and quite reliable.

The current and potential customers can evaluate the bank's stable financial power by its new product - Diamond Preferred credit card - which, however, is not accessible to the wide credit using public. Luxury - that's what they call the new Citibank plastic.

It hasn't been long since Citibank had to recover from credit losses it incurred as a result of the mortgage crisis and customers' defaults on their bank accounts. But the Diamond Preferred MasterCard assures that the issuer is not only going through the crisis with solid footing but is also ready to provide friendly credit, extend its services, rewards and additional programs.

What is so unique about the new Citibank credit card application? What makes customers gasp at the mere mention of its name?

No doubt, it is the so popular among all cardholders concierge service that indicates to the high status and financial well being of a customer. Not all customers are ready and willing to fork out for the premium service but Citi is making it more available through charging no annual fee and a very competitive APR.

Surprising, giving the tight credit market conditions affecting many major card issuers, but fact.

What then. Right - the superb money saving opportunity that you would not benefit from with a standard non-discount credit card.

Various cards holders' opinion poll revealed that the ability to save money on regular expenses is among the prime benefits desired on a card.

Let's move on. The concierge service, exclusive discounts and no annual fee take shape in a glittering plastic with a new attractive design and glitzy images.

It is one of the few cases when a nice cover hides a no less nicer content. Want more proof? At the time when card companies, forced by the credit crisis circumstances, switch their interest rates and charge new fees, a customer needs to track his spending and check his balances more often.

Citibank Diamond Preferred customers get a hand of help through a free annual account summary report and a constant free online account management.

On top of all that there are the fabulous point rewards (note, 5 points per dollar for the first 12 months) that can be redeemed for such an extensive range of merchandise and services as gift cards, electronics, travel, dining, sports and other rewards!

Truly so, Citibank has survived the tough turbulence on the credit card market and is not going to disappoint its customers over its best deals.If you can afford financing this luxury credit card, Citibank is glad to see you as its customer.

Bryant Park

Bryant Park is a financial consultant for one of the companies listed on Wall Street. He writes on a variety of topics ranging from credit cards to different loans that can be availed by consumers. He holds a bachelor degree in Financial Services from Dartmouth College.