As one of the global leaders in banking products and services, Citibank has reached more than 200 million customers worldwide. They have a wide range of financial products that cater to both individuals and businesses alike such as Citibank credit cards.
Citibank offers one of the more affordable credit cards like the Citi PremierMiles Card which has very competitive interest rates, major benefits, and amazing perks that even an average income earner in Hong Kong can afford.
Explore more about the benefits of Citibank credit cards and all the information that you need on how to apply for one with the article below.
Key Features You Need to Know about the Citi PremierMiles Card
The Citi PremierMiles Card is an overall great option for those who want to have a luxurious lifestyle set in Hong Kong.
When you have this credit card, you get to enjoy complimentary lounge access to many airports when you travel, and earn cash rebates, as well as Miles.
Speaking of Miles, you get to earn 1 Mile for every HK$8 you spend on local transactions and another Mile worth 12 points for every HK$3 that you spend on overseas transactions of more than HK$20,000.
You can earn 1 Mile worth 12 points for every HK$4 that you spend on overseas transactions less than HK$20,000. You can also take advantage of the first-year annual fee waiver which costs HK$1,800 and you can call their customer service hotline mentioned below if you want to waive your annual fee forever.
Interest Rates and Other Charges
Cardholders should also take note of the interest rates and other charges when using the Citi PremierMiles Card. Upon card activation, you will be paying an annual principal fee of HK$1,800 which is considered the annual fee.
You are also entitled to an interest-free period of up to 58 days and after that, the annual interest rate will be 34.28%. The foreign currency transaction fee is 1.95% while the cash advance transaction fee is 4% of the total amount.
The late payment fee is a maximum of HK$250 but you'll be surprised to know that you only need to pay 1.5% of your monthly due plus the fees as your minimum monthly repayment.
Travel Perks That You Can Benefit From
If you're planning on using the Citi PremierMiles Card for traveling, you should know that there are a lot of perks that you can take advantage of. You get 1 Mile for every HK$3 that you spend using the card on hotel bookings and flights.
You can then redeem them for 12 Frequent Flyer Programs up to over 100 airlines. You can use them for hotel redemptions including Crowne Plaza, Hotel Indigo, Holiday Inn Express, and many more.
Take note that these miles and points never expire and what's more you can redeem miles or hotel stays with points and there are no service charges for converting them. You also get to enjoy discounts from car rental services as well as free travel insurance.
Lastly, you can enjoy up to 12 times complimentary access to 50 designated Plaza Premium Lounges all over the world.
Cash Back and Other Rewards
The Citi PremierMiles Card is also one of the most generous in terms of cashback and many other rewards.
When you use the card and accumulate Points, you can redeem designated cash coupons from dining at your favorite restaurants or you can use it to book movie tickets and more. Cardholders can expect to receive a HK$200 worth of Lei Garden cash coupon when they spend more than HK$2,000.
You instantly get 250 points from spending using the card and the best part here is that the points you earn will never expire so you can always redeem your rewards at any time.
Check Out These Requirements for the Citi PremierMiles Card
If you're interested in getting the Citi PremierMiles Card, you should be aware of the requirements to apply for the card.
You must have a minimum income of HK$120,000 and must be a resident of Hong Kong. You must also present all the proper documents to prove that you have met the minimum income requirements and that you are currently living in Hong Kong.
These include any government-issued IDs, your income tax return or monthly salary slips if you are employed, and many other documents such as your utility bill. These documents must also be in digital form if you're planning on applying online.
How to Apply for the Citi PremierMiles Card
To apply for the Citi PremierMiles Card, you can apply in two ways. You can apply at the nearest Citi Bank branch near you and bring copies of the documents that are required by the bank.
Fill up the application form and you may receive an update from them as soon as possible. If not, make sure to get the bank's phone number so you can call them for updates.
You can also apply online through the official Citi Bank website. Select Citi PremierMiles Card and click on Apply. Fill up the online application form and review the terms and conditions before submitting. You can check your email for further updates if you have been approved for the card.
Should You Get the Citi PremierMiles Card?
You might still be wondering if you truly need to apply for the Citi PremierMiles Card.
This credit card is suitable for those who want to travel frequently and be able to afford to pay off their monthly debt from the card.
It is also one of the most affordable credit cards in Hong Kong as even individuals with average income can make good use of the card.
With its many perks and robust rewards program, you will truly experience what it feels like to have a low-cost credit card with the maximum benefits.
Contact Details
If you have more inquiries, you can call them at (852) 2860 0333 especially if you want to have your annual fee waived.
A bank representative will assist with your inquiries as well as many other requests. You can also visit them at Citi Tower, 83 Hoi Bun Road, One Bay East Headquarters of Citibank.
Conclusion
Shop or travel with the Citi PremierMiles Card and get the experience that you need with the card. Not only will you be able to afford your travel or shopping expenses, but you also get to enjoy the lifestyle that you want.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
