Compelo Banking - Latest industry news and analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Citibank Hungary launches frequent flyer credit card

Citibank Hungary, an arm of Citigroup, and Malev Hungarian Airlines have announced the launch of their cobranded credit card that will allow Hungarian customers to collect points that can be exchanged for air tickets.

Whenever cardholders use their card for everyday purchases, fly with Malev or other partner airlines, they will accumulate points and can then obtain bonus air tickets at Malev and partner airlines for destinations throughout the world. By regularly using their credit cards, Gold cardholders can obtain a bonus air ticket even within a year, Citibank said.

Mr Batara Sianturi, consumer country business manager for Citibank Hungary said: Our cardholders will enjoy the convenience and financial flexibility of our credit card and will benefit from the rewards of the very successful Malev Duna Club Frequent Flyer Program.

Silver cardholders receive one point after each HUF250 spending and double points are logged in the first three months, while the Gold cardholders receive two points for a spending of HUF400 and double points are logged in the first six months. Upon activating the cards, a welcome gift of 2,000 points is logged with the Silver card and 4,000 points with the Gold card.

The annual fee for Silver main cardholders is HUF6,400, while for Silver supplementary cardholders is HUF3,900.