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May 13

Citibank Launches Citi Prestige Card in Hong Kong

Citis first global credit card delivering premium benefits around the world and rewarding cardholders based on their relationship with the Bank

HONG KONG, May 24, 2013 /PRNewswire/ — Citibank Hong Kong( http://www.citibank.com.hk ) today officially launched its first global credit card – Citi Prestige Card – which is tailored for the affluent segment around the world, leveraging on Citis unique global footprint and network to deliver a wealth of experiences to cardholders at home and wherever they travel.

Citi Prestige Card offers cardholders unlimited Evergreen Citibank Rewards to earn 2 and 3 points for every dollar spent locally and overseas respectively. Together with our preferential mileage conversion rate, HK$6 local spending or HK$4 overseas spending can earn cardholders 1 mile (Note 1) at any time for their choice of destination. The Citi Prestige Card also rewards cardholders with Annual Relationship Points based on their banking and credit card relationships with the Bank. The rewards are received at a higher level based on the depth and tenure of their Citi relationships. Cardholders are entitled up to an extra 30% Annual Relationship Points (Note 2) of their yearly total eligible spending amount, which allows them to redeem a wide range of rewards ranging from instant redemption at designated merchants and shopping malls to cash coupons, gift items and mileage programs.

Maggie Ng, Head of Cards and Unsecured Lending, Citibank Global Consumer Banking, said, The growing trend for people in travel and mobility over the last few years has resulted in an increased demand for global credit card services. With the launch of this new Citi Prestige Card, we aim to offer seamless credit card and banking experiences for clients anytime, anywhere and without borders. This card will also recognize clients longevity with the bank by rewarding them with additional unmatched rewards.

According to Citibanks annual Millionaire Survey, the number of Hong Kong millionaires climbed to a record high of 601,000 in 2012. At the same time, relative to its small size, Hong Kong has more billionaires than any other places (Note 3), said Kevin Goldmintz, Head of Hong Kong and Macau, MasterCard. In line with our long-term commitment to and know-how of the affluent sector, Citi Prestige Card is our first World Elite MasterCard product in Greater China, which delivers a mix of benefits and rewards, unmatched world travel and lifestyle expertise as well as global acceptance geared towards this sophisticated and discerning market segment.

Key features of Citi Prestige Card:

— Unlimited Complimentary Global Airport Lounge

Access via Priority Pass

Cardholders can enjoy complimentary access to more

than 600 airport lounges in cities around the

world through Priority Pass. No membership fee

and no lounge pass fee are required.

— Luxury Hotel Collection

Cardholders can exclusively receive a

complimentary night at any choice of over 800

luxury hotels and resorts twice per calendar

year with a minimum three-consecutive night

stay at any World Elite Luxury Hotels and Resorts.

— Unlimited Evergreen Points

Earn 2 points for every HK$1 local spending and

3 points for every HK$1 overseas spending.

There is no limit to how many points cardholders

can accrue and they never expire.

— Up to extra 30% Annual Relationship Points

Earn more Evergreen Points based on purchases

every year. The Annual Relationship Points are

made up of a percentage of the yearly total

eligible spending amount and the percentage

rate increases based on the number of years

with Citibank. For Citigold and Citigold

Private Clients, the Annual Relationship Points

earned are even more rewarding.

Cardholders Banking and/or credit card

relationship with Citibank

1 year 2-5 years 6-9 years 10 years

Citigold /

Citigold 10% 15% 20% 30%

Private

Client

Non Citigold /

Citigold 5% 7% 10% 15%

Private

Client

— Preferential Mileage Earn Rate

Cardholders can redeem airline miles from one

of four mileage programs, namely Asia Miles,

KrisFlyer, Royal Orchid and Skymiles, using

their Points whenever they need them, and

with a very attractive rate of as low as

every HK$6 local or HK$4 overseas spending for

1 airline mile.

— Citi Prestige Concierge

One call connects cardholders to a team of

in-country experts who are ready to assist

24/7 and are fluent in 20 languages, from

anywhere in the world. The concierge works

with a team of experts with knowledge of

markets around the world to provide

customized and localized solutions based on

cardholders requests.

The Citi Prestige Card will be offered to clients with a minimum annual income of HK$600,000 or Citigold clients.Applicants who successfully apply for the Citi Prestige Card before August 31, 2013 can enjoy 30,000 Asia Miles (Note 4) as a welcome gift. Extra 10,000 miles will be awarded upon accumulative spending of HK$20,000 in the first 2 months from the date of card issuance. For application details, clients can call 24-hour Citi Prestige Service Line at 2860-0338 or visit www.citibank.com.hk.

Notes:

1. Cardholders can redeem 1 Asia Miles/ KrisFlyer

mile (12 Points) for every HK$6 local spending/

HK$4 overseas spending, OR 1 Royal Orchid Plus/

Skymiles mile (13 Points) for every HK$6.5 local

spending/ HK$4.4 overseas spending. Overseas

spending is defined as transactions settled in

currencies except Hong Kong dollar, Renminbi or

Macau Patacas (including internet transactions),

ie no conversion from a foreign currency into

Hong Kong dollar, Renminbi or Macau Patacas is

involved at the point of the transaction and the

transaction currency as shown on the sales draft

(if applicable) is not in Hong Kong dollar,

Renminbi or Macau Patacas

2. Existing Citigold clients with a 10-year

relationship and holding Citi Prestige Card are

entitled to 30% Annual Relationship Points of the

total eligible spending in one full year based

on Citi Prestige Card open date.

3. Boston Consulting Group: BCG World Wealth Report

2012: The Battle to Regain Strength

4. Successful applicants are entitled to 30,000 Asia

Miles as a welcome offer upon paying the first

year annual fee of HK$2,500

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the worlds fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCards products and solutions make everyday commerce activities — such as shopping, traveling, running a business and managing finances — easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

Source Citibank

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