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Got Five Million Singapore Dollars? Citibank Wants You - Scene Asia - Scene Asia - WSJ
October 21, 2010 | Wall Street Journal | by Amy Ma.Citibank
in Singapore has a new premium credit card. But don’t call them, they’ll
call you — assuming you qualify.

The piece of plastic, a new Ultima credit card launched Oct. 12, is only
available for people with at least five million Singapore dollars
(US$3.83 million) in assets under management at Citibank. And even then,
you will need a personal invitation to get one.

Invitations have already been extended to, and accepted by, many of the
region’s wealthiest people. Singapore is ripe for the picking: The
city-state had the highest concentration of millionaire households in
the world, accounting for 11.4% of all households, according to the
Boston Consulting Group’s 2010 Global Wealth Report.
high_net_worth  credit_cards  exclusivity  Singapore  Citigroup 
october 2010 by jerryking
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