American banking giant Citibank has unveiled two new global credit card products, Citi Prestige and Citi Ultima Infinite, for high-net-worth (HNW) clients in India.
Citi Prestige, which is available on the Visa Infinite platform, will allow customers to redeem anything from reward points to air miles. The card will also reward cardholders with annual relationship points based on their banking and card relationship.
Citi Ultima Infinite is made of metal and is offered to customers by invitation only. Ultima cardholders get their own ‘lifestyle manager’ who is dedicated to one cardholder.
Anand Selvakesari, consumer banking head for Asean and India at Citibank, said: "With Citi Prestige, we are introducing a single global card solution to serve the needs of the well-heeled global Indian across the world.
"At the same time, we have observed a strong need for a credit card that can match the spending patterns and diverse needs of the ultra-high net worth individual, resulting in the Citi Ultima Infinite offering."
India is the ninth country where customers of Citi’s worldwide network can obtain Citi Prestige, first launched in the US last year.
Besides India, Citi Ultima Infinite is currently offered in Hong Kong and Singapore.