Based on depth and tenure of their banking and credit card relationships with the bank, Citi Prestige Card also rewards cardholders with Annual Relationship Points.

Cardholders can avail an extra 30% Annual Relationship Points of their yearly total eligible spending amount, enabling instant redemption at designated merchants and shopping malls or accept cash coupons, gift items and mileage programs.

MasterCard Hong Kong and Macau head Kevin Goldmintz said as per the bank’s annual Millionaire Survey, the number of Hong Kong millionaires had increased to 601,000 in 2012.

"In line with our long-term commitment to and know-how of the affluent sector, Citi Prestige Card is our first World Elite MasterCard product in Greater China, which delivers a mix of benefits and rewards, unmatched world travel and lifestyle expertise as well as global acceptance geared towards this sophisticated and discerning market segment."

Citi has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.

The bank provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.