Citi has launched Citi Titanium Cash Rewards Credit Card in India, aimed at weekend spending. Reportedly, the card has cash back and flexibility features rolled into one card and it offers 5-times rewards on all weekend spends, multiple reward redemption options and the lowest interest rates in the category at 2.5% per month.

The bank said that the card will carry an annual fee of only INR750. However, for a limited introductory period, the card will be offered to customers at an annual fee of INR500.

Rajashekaran, country business manager, global consumer group, Citi India, said: The Citi Titanium Cash Rewards Credit Card stems from our conviction that product development must be driven by customer insight. While the card accrues rewards on all spends, its weekend-centric proposition will have a strong, positive resonance with customers making it the card of choice in their wallet.

Sandeep Bhalla, business manager, Cards, Citi India, said: Our customers utilize their weekends for quality recreational time with family and friends, and naturally, most of their spending is concentrated in these two days. The Citi Titanium Cash Rewards Credit Card is in sync with the trend and aims to make this special time even more gratifying.