In a world where luxury and convenience are paramount, the Citi Prestige® Card stands out as a gateway to a life of indulgence. Whether you’re an avid traveler, a gourmet enthusiast, or someone who values exclusivity, this card offers a myriad of benefits tailored to enhance your lifestyle.=

For those seeking to maximize their everyday spending while enjoying top-tier services, the Citi Prestige® Card presents an irresistible proposition. But beyond its luxurious perks, what truly sets the Citi Prestige® Card apart? Let’s dive into the key aspects that make this card a must-have for discerning customers.

Key information about the credit card

How does the annual fee work?

The Citi Prestige® Card comes with a premium annual fee of S$545, inclusive of a 9% GST. While this may seem steep at first glance, the fee can be seen as a gateway to an array of luxury benefits that more than compensate for the cost. Unfortunately, there isn’t an option to waive the annual fee, but Citi does allow the fee to be paid in installments, making it easier to manage.

How is the credit limit determined?

Citi determines the credit limit for the Citi Prestige® Card based on several factors, including the applicant’s income, credit history, and overall financial health. For salaried employees, the limit is typically set at a multiple of their monthly income, while self-employed individuals may have their limit determined based on their tax assessments and bank statements.

Advantages of the credit card

• Complimentary night stay: Enjoy a complimentary night’s stay when booking a minimum consecutive four-night stay at any hotel or resort, adding extra value to your travel experiences.
• Accelerated rewards: Earn 5 ThankYou Points (equivalent to 2 miles) for every S$1 spent overseas and 3.25 ThankYou Points (1.3 miles) for every S$1 spent locally, ensuring you rack up rewards quickly.
• Golf experiences: Take advantage of six complimentary golf games at some of the most prestigious golf courses across Singapore, Malaysia, Indonesia, and China.
• Lounge access: Access hundreds of Priority Pass airport lounges worldwide, making your travel more comfortable and stress-free.
• Global service: Whether you’re traveling or managing day-to-day tasks, the global Citi Prestige Concierge team is available 24/7 to support your lifestyle.

A standout advantage

One of the most remarkable features of the Citi Prestige® Card is its Digital Concierge service. This innovative feature allows cardholders to access all their privileges directly through the Citi Mobile® App. Whether you’re booking a round of golf, arranging a resort stay with a complimentary night, or organizing a limousine transfer, the Digital Concierge offers a seamless, 24/7 experience with instant booking confirmation.

Disadvantages

• High annual fee: The S$545 annual fee may be a significant consideration for potential cardholders, especially those who may not fully utilize the card’s premium features.
• High income requirement: With a minimum annual income requirement of S$120,000, the card is only accessible to a select group of individuals, making it less inclusive.
• Limited Golf access: Although the card offers complimentary golf games, these are limited to six per year, which may not satisfy avid golfers.

A standout disadvantage

The primary drawback of the Citi Prestige® Card is its high annual fee, which could be a deterrent for some potential users. At S$545, it’s one of the more expensive credit cards on the market, and the lack of a fee waiver or significant discounts can make it less appealing to those who are cost-conscious. However, for those who can afford it, the extensive range of benefits may justify the price, but it remains a considerable financial commitment.

Who can apply for the credit card

The Citi Prestige® Card is designed for individuals who meet specific criteria, ensuring that it remains an exclusive product for those with the financial means to support its premium benefits. Applicants must be at least 21 years old and have a minimum annual income of S$120,000. This income requirement ensures that cardholders are financially stable and capable of managing the high credit limits associated with the card.

Additionally, applicants must provide documentation to verify their income, such as computerized payslips or tax notices for salaried employees, or tax assessments and bank statements for the self-employed. The card is available to both Singaporeans and foreigners, but applicants must demonstrate their ability to meet the financial obligations of the card.

How to apply for the Citi Prestige® Card

For the website

To apply for the Citi Prestige® Card online, start by visiting the Citibank website. Once on the site, navigate to the credit cards section and select the Citi Prestige® Card. You’ll be directed to an application form where you’ll need to fill in your personal details, including your name, contact information, and income details.

The online form is user-friendly, and Citi has ensured that the application process is as straightforward as possible. After submitting your application, you may be required to upload supporting documents, such as your NRIC or passport, and proof of income. Citi typically processes online applications within a few business days, and you can expect to receive your card in the mail shortly after approval.

Through the app

If you prefer using your smartphone, the Citi Mobile® App offers a convenient way to apply for the Citi Prestige® Card. After downloading and installing the app, log in with your Citi credentials or create a new account if you’re a first-time user. Within the app, navigate to the credit cards section and select the Citi Prestige® Card.

The application process through the app mirrors the online process, requiring you to fill in your personal and financial details. One of the advantages of applying through the app is the ability to take photos of your documents and upload them directly, streamlining the process. Additionally, the app provides real-time updates on your application status, so you can track your progress from submission to approval.

At the branch

For those who prefer a more personal touch, applying for the Citi Prestige® Card at a Citibank branch is an option. Visit your nearest branch, where a Citi representative will assist you with the application process. At the branch, you’ll need to provide the same personal and financial information required for online and app applications.

The advantage of applying in person is the opportunity to ask questions and receive immediate feedback from the representative. Additionally, you can submit all your supporting documents on the spot, ensuring that your application is complete and ready for processing. Once your application is submitted, Citi will review it, and if approved, your Citi Prestige® Card will be mailed to you.