Plus, you will also get

• 0% balance transfer for 12 months
• 5 reward points on every dollar spent on purchases at supermarkets, drugstores, and gas stations.

For the 0% BT, the card’s terms and conditions say

The transaction fee for balance transfers is 3% of the amount of each balance transfer, $5 minimum, $75 maximum.

Since Citi is changing its policy on balance transfer feesstarting April 3, 2007, this may be your last chance to get the freeloan and make a sizable profit from it. As for the gift card, it’sgiven as bonus points, but redeemable for gift card:

You will receive 10,000 bonus ThankYou Points after yourfirst purchase with your Diamond Preferred Rewards Card as long as youmake a purchase within 3 months of account opening. Once these pointspost to your account, you may redeem for your choice of a $100 giftcard good at leading national merchants or save them to use for othergreat rewards.

If this sounds like a right deal for you, use this linkto apply. And always make a copy of the application page with detailsof what exactly are offered for your record (I usually print the pageas PDF file). Click here for more deals.