Citi SG, Mastercard offer enhance debit card privileges to high net worth clients
Citibank has also pledged to restore 1,000 trees monthly over a two-year period.
Citibank Singapore has teamed up with Mastercard to offer enhanced debit card privileges to its high net worth clients.
The new Citigold Private Client (CPC) World Elite Debit Mastercard offers superior travel, services, and lifestyle privileges over its existing World Debit Mastercard platform.
CPC clients with a minimum assets under management of S$1.5m are eligible for the new card.
To mark the launch, Citibank’s Singapore business became the first bank in the Lion City to join the Mastercard Priceless Planet Coalition, which has set the goal of restoring 100 million trees to fight climate change.
Citibank will pledge to restore at least 1,000 trees monthly over a two year period in partnership with Mastercard and environmental non-profit groups Conservation International and World Resources Institute.
Beginning 1 March, Citibank will restore one tree on the CPC client’s behalf with every S$1,000 spent on their debit card.
This latest Citibank initiative follows the opening of two new wealth centres in Parkway Parade and One Holland Village.
The bank expects to roll out further initiatives across 2024 to expand its product offerings, benefits and solutions for its CPC clients, such as alternative investment solutions in the private credit space.