Citibank and Octopus Cards Limited have jointly launched a new co-brand card - Octopus Citibank Credit Card, the first credit card with the Octopus function in Hongkong. The Card not only has both credit card and contactless smartcard payment functions, but also offers Citibank’s cashback in addition to the existing Octopus Rewards scheme that allows customers to make every reward count.

The Card combines the best of both worlds. Customers can use the Octopus function for fast and convenient small-value payments at over 50,000 points of presence in both retail and transport, and the credit card for high-ticket purchases at an extensive network of merchants all with one card. The Card will have automatic reload for Octopus as a default feature. In addition, cardholders can earn cash rebates through their credit card spending which will be credited for their Octopus usage.

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