Citibank First Foreign Bank to Launch Sole-Branded Credit Card in China
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As the largest credit card issuer in the world, Citibank has become the first foreign bank to launch a sole-branded credit card in China. Anyone with a monthly salary above 3,500 yuan can apply for such cards. The new set of Citi credit cards offers a total of five cards in two categories and are now available in 13 cities. Each card offers only a single currency, using Unionpay for RMB, and Visa or MasterCard for US dollars. Citibank says its points and miles will never expire and that they