Citibank-ACE Life Platinum MasterCard card available in Vietnam

The Citibank ACE Life Platinum MasterCard credit card offered many market-first features, attractive rewards and exclusive privileges, said Brett Krause, Citi Vietnam managing director.

“Why did Citi choose ACE Life? We have a long history of cooperation and development based on mutual benefits and understanding. I believe that our business ties will be deepened, bringing more benefits to our customers,” he told the launch ceremony in Ho Chi Minh City.

He said this card was widely accepted at over 30 million merchant establishments and 1.8 million ATMs of the Citibank and MasterCard network.

“We provide cardmembers with thousands of privileges and special offers at department stores, hotels, fine dining restaurants, tourism locations, golf and spas as well as hospitals around the world worldwide.

“Not only that, the customers will be recognised as Platinum MasterCard members for special discounts at many golf courses in Vietnam and all over the world. World-class services, namely Emergency Service or International Concierge Hotline will also accompany the cardholders on every step of their journey for the utmost convenience.”

The card is only for those with minimum monthly income of VND15 million ($720) each. The annual fee is VND1 million ($48) but VIP clients of American insurer ACE Life are exempted. The credit cap is VND300 million ($14,400).  

ACE Life Vietnam deputy CEO Nguyen Hong Son said the co-branded card programme augmented the firm’s existing premium collection channels, offering more payment mode choices and more convenience as well as more world-class privileges for its customers.

Meanwhile, Krause said Vietnam was catching up fast with up-market financial services in the world, such as credit cards.

“We actually have been producing outstanding business figures in the consumer banking sector, especially in the credit card aspect. The success of our Citibank Premier Miles World MasterCard and Citibank Visa Platinum Cashback card has echoed in the local banking industry,” he said.

“Targeting at an emerging affluent customers here in Vietnam, Citi and ACE Life now launched the co-branded Platinum MasterCard.”

This card offers both cash back and reward point programmes. ACE Life’s customers will receive up to 5 per cent Cash Back of their insurance premium payments. The Cash Back and Rewards last as long as the card is valid.