Citi Prestige Credit Card – Updated Quick Guide

Thank You Points

Haute Dining

*T&C Apply

Cash withdrawal interest

2% per month

Purchase interest

3.35% per month

Citi Prestige Credit Card Pros & Cons

Pros:

1. Airport Lounge Access: Complimentary access to over 1,000 lounges worldwide.
2. Reward Points: Earn ThankYou Points for purchases, redeemable for travel, cashback, and more.
3. Concierge Service: 24/7 personalized assistance for travel and lifestyle needs.
4. Travel Insurance: Comprehensive coverage for trips, including cancellations and medical emergencies.

Cons:

1. High Annual Fee: The card comes with a significant annual charge.
2. High Spend Requirement: To maximise benefits, substantial spending is required.
3. Limited Domestic Benefits: Some benefits are more valuable internationally.
4. Eligibility Criteria: A high credit score and income are required to qualify.

Eligibility Criteria for Citi Prestige Credit Card

The eligibility criteria that need to be fulfilled to get approved for the Citi Prestige Credit Card are as mentioned below:

• Your age must be 21 years or above.
• Your annual income must be at least $412,000.
• You should have a decent credit score.

Documents Required for Citi Prestige Credit Card

Also Read –  Citi Bank Net Banking

Documents for Singaporean/Permanent Resident (PR) - Salaried Employee:

1. Identification Proof:
   • A copy of your NRIC (National Registration Identity Card) or passport.
     
     
2. Income Proof:
   • The latest original computerised payslip.
   • Alternatively, you may provide your Tax Notice of Assessment or the last 12 months' CPF (Central Provident Fund) statements.

Documents for Singaporean/Permanent Resident (PR) - Self-Employed:

1. Identification Proof:
   • A copy of your NRIC or passport.
     
     
2. Income Proof:
   • Last 2 years' Income Tax Notice of Assessment.
     
     
3. Bank Statements:
   • The bank statements for the last 3 months show your transactions.

Documents for Foreigners:

1. Identification Proof:
   • A copy of your passport and work permit (with a minimum of 6 months' validity).
     
     
2. Proof of Address:
   • A copy of a utility bill, telephone bill, or bank statement that includes your name and address.
     
     
3. Income Proof:
   • Income Tax Notice of Assessment.
   • The latest original computerised payslip.

How to Apply for a Citi Prestige Credit Card Online?

Step 1: Go to the official website of CitiBank Singapore 

Step 2: In the navbar, you will see the “Cards” section. Hover on that and click on “View all Credit Cards.”

Step 3: You will be directed to a new page after clicking that. Scroll down; you will see different types of credit cards.

Step 4: You will see the “Apply now” button when you find the Citi Prestige Credit Card. Click on that.

Step 5: After clicking on that, you will be directed to a new page where you will be asked, "Are you an existing Citi Credit Card holder?” If yes, click the “Yes” button; otherwise, click “No.”

Step 6: After that, you must fill in some of your details and click the “Proceed” button.

Step 7: After processing your details, the bank will inform you about your credit card and how many days you will get it.

How to Apply for a Citi Prestige Credit Card Offline?

To apply for the Citi Prestige Credit Card offline, follow these steps:

1. Visit a Citi Bank Branch:
   • Go to a nearby Citi Bank branch. You can find the closest branch using the Citi Bank website or by calling their customer service.
     
     
2. Collect the Application Form:
   • Request the Citi Prestige Credit Card application form from the bank staff. Fill it out with your details accurately.
     
     
3. Submit Required Documents:
   • Along with the application form, submit the necessary documents for the card type you are applying for (for salaried or self-employed individuals, as discussed earlier). Some standard documents include identity proof, income proof, and address proof.
     
     
4. Review and Sign:
   • Review everything to ensure accuracy after filling out the form and submitting the documents. Sign the form as required.
     
     
5. Bank’s Verification:
   • Once your application is submitted, the bank will process your details, verify your information, and assess your eligibility based on your income, credit history, and other criteria.
     
     
6. Wait for Approval:
   • If approved, you will receive your Citi Prestige Credit Card by mail. The bank will notify you of your credit limit and other important details.

Conclusion

The Citi Prestige Credit Card is a premium offering designed for those who seek luxury, convenience, and exclusive benefits. With perks such as unlimited access to airport lounges, comprehensive travel insurance, a personalised concierge service, and generous reward points, it’s an excellent choice for frequent travellers and high spenders. 

However, the card has a high annual fee and requires substantial spending to unlock its benefits fully. Value premium services, rewards, and extensive travel perks, and you meet the eligibility criteria. The Citi Prestige Credit Card can be an excellent tool to enhance your lifestyle while managing your finances effectively.

FAQ’s Related to Citi Prestige Credit Card

1. What is the credit limit of Citi Prestige Credit Card?

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

2. What is the annual fee for the Citi Prestige Credit Card?

The annual fee for the Citi Prestige Credit Card is ₹20,000

3. How can I earn rewards with the Citi Prestige card?

You earn reward points on all purchases, with higher points for travel, dining, and international spending.

4. What benefits does the Citi Prestige card offer?

Benefits include airport lounge access, concierge service, travel insurance, and exclusive discounts globally.

5 . How do I redeem my Citi ThankYou Points?

Points can be redeemed for travel, merchandise, cashback, or gift cards through the Citi Rewards portal.