Citi Diamond Preferred Card: 0% APR on Gas, Supermarkets, Drugstores Until 2011
No, that is not a typo. This innovative offer lets you make purchases at gas stations, supermarkets and drugstores and pay no interest until December 31, 2011.
This offer is for new Cardmembers only and you must apply by 9/15/06. It doesn’t appear that there’s any associated promo code. To apply, call 1-800-479-1183.
This thread at FW presents the offer and also discusses the potentially interesting trade-offs between this offer and the gold-standard of 5% cash back on these types of purchases. Among the variables that need to be considered are the probability of 5% cards still being available in the future, what interest rates will be like for the next 5 years, as well as tax considerations. There is also the hassle factor, as you will need to be especially careful to not charge non-qualifying purchases on the card, as they will accrue interest at the standard APR. Because of these complications, I don’t think this offer is for everyone, but it will certainly appeal to many.
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Is that included all other purchases as well?? Or just gas, food, and drugstores.
Tam,
The no interest offer only applies to gas station, supermarket and drgustore purchases. Any other purchases will accrue interest at the regular APR, which is something you obviously would want to avoid.