Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 
A super exclusive card
Our Bureau / Mumbai August 24, 2004
Want to experience the beauty of the Scottish Highlands and relax and unwind at the castle of the Chivas Brothers in the heartland of whisky making?
 
Want to fly by a private jet_a state-of-the art Gulfstream G200 for business, pleasure, medical or even emergency evacuation? (While you have to pay for the private jet, of course a special rate, there will be complimentary limousine service for both the start and the end of the plane ride.)
 
A free round of golf on a world call 18 hole gold course? Unlimited use of sauna, jacuzzi, steam bath, swimming pool, and tennis facilities at the Blue Canyon Country Club in Phuket, Thailand?
 
Global banking major Citibank is offering all these facilities and many more available through its Ultima Card _possibly the world’s most exclusive credit and charge card. Membership is, however, strictly by invitation.
 
Once you are a member, there will be personalised in-flight food and beverage menu, personalised in-flight entertainment. What’s more, you will be chauffeured in the inimitable luxury of a Bentley Turbo R.
 
You can also use a Ferretti 80-foot luxury yacht, the only one of its kind in Singapore, complete with a pilot and crew for a full day at sea. And for those with a penchant for speed, a Maserati 4200 Spyder sportscar is available at Singapore at a special rate for 48 hours.
 
Citibank launched the Ultima Card in Singapore last year and had a soft launch in Hong Kong recently. It will expected to be launched in India in the near future.
 
The bank, however, has already launched its world privilege programme (CWP) in India. CWP is an Asia wide programme primarily targeted at inbound travelers to each individual country from other countries.
 
In short, the programme is targeted at providing international tourists visiting that particular country the best possible deals and benefits.
 
Citibank card members originating from other countries of Asia excluding India spent close to $6.8 million in India in 2002-2003.
 
This is expected to go up by at least 20 per cent in the current fiscal year the bulk of the spend (3.8 million dollars) being in the retail trade in India. If one includes India, the spend by all premium card members was to the tune of $10 million in 2002-03.
 
Citibank Asia Premium Credit Card members can spend as much as $400 million while travelling in Asia. An estimate shows they can spend Rs 200 crore on retail shopping in India, Rs 150 crore on hotel accommodation and Rs 10 crore at restaurants.
 
Last year, the bank tied up with 79 merchants across the metros and over 33 important locations including Kerala, Goa and Rajasthan where normally tourists through.
 
The list of merchants where the card holders will get discounts and other privileges include the Taj, Sheraton, Sarovar Park Plaza, Intercontinental, Hertz, HRH Group of Hotels and VIP Luggage, etc. across various categories like dining, travel, entertainment, hotels, lifestyle, shopping, spa and health. At present, there 1385 merchant which offer the facilities.
 
The Citibank Indian card members who regularly travel overseas have access to CWP offers across all continents in 38 countries (out of which its in 21 countries in Asia). The CWP is available to all Citibank Gold and Platinum card members in India.
 
“The growth potential in India is, perhaps, more than that of China if one looks at the current GDP per capita and the pace of growth in key sector such as technology and financial services,” Jonathan Larsen, head of retail banking (Asia Pacific) told Business Standard. He also hinted that in near future Ultima will be brought to India.
 
CWP is the first of its kind global privileges programme offering the Citi Gold and Ultima card members benefits at over 15,000 leading establishments worldwide.
 
The list of benefits include up to 50 per cent discount on room rents, complimentary room upgradations at classy hotels, priority reservation at the best restaurants and discounts at various merchant establishments overseas.
 
The idea is to offer loyalty programmes and benefits on a global basis instead of customary points which are redeemed for gifts or waiver of the annual card fees. In India, the annual gold card fee is Rs 2,000 plus service tax.

 
 

A super exclusive card
LUXURY
Our Bureau / Mumbai Aug 24, 2004, 00:01 IST

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- S&P reaches 7-month high before hitting wall
- World Bank President Zoellick to step down on June 30
- Oil cos cut jet fuel prices by Rs 350/kl
- Telcos operating profit to rise 5% in 2 yrs: Crisil
- PESB recommends SS Narsing Rao for CIL's top slot
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Tata Motors soars to record level as JLR propels profit
- Leela parts ways with Kempinski
- Tailor-made but not good enough
- Nestle: Food for thought
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us