With the successful roll-out of vaccination programs in the UAE and other countries, there is an increase in the number of travelers keen to explore the world.
After all, there’s nothing quite like 12 months of relative containment to make those airport check-in lines very attractive.
A recent survey of Rehlaty by dnata Travel indicated that 70% of its bookings in 2021 so far have been for overseas travel. Popular destinations range from the Maldives and Tanzania to Bosnia, Sri Lanka and Zanzibar – the more exotic the better.
As the pandemic transforms consumer attitudes, online shopping is also skyrocketing. With months of physical store closures and varying levels of foreclosures around the world, shoppers have turned to e-commerce in their millions. And they don’t intend to abandon it now.
So if you are someone who is planning business or leisure trips or enjoys shopping on international websites then Citibank Global Portfolio is for you. This is a new feature linked to your Citigold Mastercard debit card, which allows you to make purchases abroad at point of sale or online.
It eliminates the boredom of queuing at exchange offices or the risk of traveling with wads of banknotes. Simply put, it is an electronic ticket to a world of financial convenience, security and efficiency like you’ve never experienced before.
Here are the main reasons why the Citigold Debit Card tick all the correct travel boxes.
Buy like a local (online and abroad)
Give yourself a hassle-free online shopping experience as if you were a resident of the country you are buying from, avoiding currency conversion fees while transacting in up to 8 currencies in addition to dirhams.
If you are traveling abroad, life also becomes much easier. For example, with the Global portfolio feature enabled, if you are traveling to UK and have a UK funded sterling account with Citibank UAE, any sterling transaction or cash withdrawal will be debited directly from your sterling account – free of charge additional currency conversion.
Transact in up to 9 currencies
By activating the Global Wallet feature on the Citi mobile app, you can automatically change your Citigold Debit Card to the currency you are transacting in – up to nine of them: AED, USD, EUR, GBP, AUD, CAD, NZD, CHF and JPY, provided you have an account in the currency you have intend to use. This allows you to shop until you drop without incurring any additional charges. You can add foreign currency accounts and reload your currencies when you find favorable exchange rates through the app, or instruct FX OrderWatch to reserve the exchange rate through Citi Online.
Enjoy free cash withdrawals from Citi ATMs around the world
Since it is linked to your Citigold Debit Mastercard, the Global portfolio This feature allows you to make purchases abroad at point of sale or online and to withdraw cash at Citi’s exclusive ATMs without incurring additional currency conversion or administrative fees.
Transfer funds in over 60 currencies
Transfer funds in over 60 currencies 24/7 through the Citi mobile app. Citigold account holders can transfer a maximum of $ 250,000 per day through the Citibank Global Transfers platform, compared to a standard telex transfer.
Setup is hassle-free
Getting started is super easy. All you have to do is turn on the Global portfolio on the Citi mobile app and add your foreign currency accounts, which will then be instantly linked to your Citigold Debit Mastercard. No paperwork is required, so you can spend your money abroad in no time and without the additional currency conversion fees.
You don’t even have to deactivate Global Wallet after a trip. When you spend or withdraw in UAE Dirham, the default UAE Dirham account will be debited when the feature is enabled.
Citibank terms and conditions apply.