A number of new credit cards are coming out and some of them have some rather attractive offers to accompany them. One of these that have some excellent rewards is the Citi Diamond Preferred Rewards Credit Card. It is certainly worth looking at when you want a new credit card that gives back.

ConsumerismCommentary says that the best reward that the Citi Diamond rewards credit card has is that it gives $100 in statement credit after you have made the required qualifying purchases. In the case of this credit card, it means that you have to make $300 in purchases within the first three months of owning the card.

All of your regular purchases will earn one point for every dollar spent. The points will enable you to buy many different kinds of rewards through the ThankYou Network. Available gifts include things like home electronics, dining, various travel rewards, gift cards, and so much more.

Balance transfers can also be made on the Citi Diamond card. You can get as low as 0% APR interest on balance transfers for a period of up to 15 months. Both the actual interest rate and the time period will depend on your credit history and details on your credit card application form. All balance transfers will cost 3% of the amounts transferred to the card.

Cardowners are also able to receive different types of protection for their card. The Citi Diamond Preferred Rewards Credit Card comes with an option of three types of protection, including protection against identity theft, price protection, and no liability for any unauthorized purchases.

The types of purchases that can be turned into points may be a bit on the selective side, meaning that it will be necessary to determine what type of purchases will earn you points. Buying things at places like warehouse clubs, convenience stores, or discount stores, as well as online or catalog purchases are not eligible toward the $300 required for the Introductory Reward Points.

Points accumulate up to a maximum of 75,000 per calendar year. They are good for a total of five years from the date that they are earned. ThankYou points can only be earned while the account is open and current.

The $100 bonus on the new Citi Diamond Preferred Rewards Credit Card is a powerful reason to get this credit card. With the one point in rewards per dollar spent, it makes it the card to have and start getting some excellent rewards.

One more thing that will make it even more attractive is that there is no annual fee on this credit card. When put together, it sounds like the Citi Diamond Preferred Rewards credit card is the one you want.