Citi Global Wealth unveils ULTIMA credit card for private bank clients

Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.

Citi Global Wealth has launched the ULTIMA Mastercard credit card for its Citi Private Bank clients across Asia.

The card offers bespoke travel and lifestyle experiences and wellness features in addition to best-in-class rewards and exclusive benefits, supported by dedicated lifestyle relationship managers (RMs).

Citi noted that its ultra-high net worth clients continue to outpace pre-pandemic levels. Spending in the first half of this year, compared to the same period in 2019, was up 56% in Singapore, and 36% in Hong Kong. Across both markets, shopping, dining and travel were leading spend categories, Citi found.

The by-invitation only card was first introduced to select clients on 31 July at a gala dinner held at the Rosewood Hotel in Hong Kong. Oscar award winning actress Michelle Yeoh attended the event.

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Attendees got to hear a fireside chat between Yeoh and Angel Ng, Asia head of Citi Global Wealth, where they reportedly discussed the pursuit of excellence and their shared passion to advance diversity and inclusion for a world free of bias.

Guests also enjoyed exclusive experiences showcased at the event, including an interactive digital art gallery and an immersive experience which brought clients to select natural wonders around the world.

A corresponding exclusive client event will be held in Singapore on August 21.

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