Citi Octopus Platinum Credit Card Review: Rates and Fees

Citi Octopus Platinum Credit Card
Citi Octopus Platinum Credit Card
  • HK$0 annual fee for the first year
  • Octopus Reward$ rewards
  • Year-round privileges
  • Bus fare rebates

Get the convenience of both a credit card and an Octopus card in one card, and earn cash rebates on your spending.

The Citi Octopus credit card is Hong Kong’s first bank co-brand card with Octopus capability. As both a credit card and an Octopus card, you can receive the convenience of shopping and commuting around Hong Kong while earning cash rebates and Octopus Reward$ to offset your next purchase.

Additionally, cardholders are entitled to an array of perks including a 15% KMB, LWB, CTB and NWFB bus fare rebates and year-round exclusive deals at Citi’s partner merchants. Valid till 31 December 2019. Terms and conditions apply.

If you’re looking to take advantage of cash rebate features, you can compare the fees, features and benefits of this card below.

Product NameCiti Octopus Platinum Credit Card
Benefit DescriptionReceive a HK$200 cash rebate when you spend HK$2,500 or more in the first 2 months. Valid till 28 June 2019.
RewardsEarn HK$1 Octopus Cash Rebate for every HK$200 spent. No cap.
Cashback Rate Local0.5%
Cashback Rate OverseasN/A
Interest Free PeriodUp to 58 days
Maximum CashbackHK$0
More Info
Annual FeeHK$0 annual fee for the first year. HK$1,800 thereafter.
Fee WaiverYes
Foreign Currency Transaction Fee1.95%
Overdue FeesHK$250
More Info
Minimum Annual IncomeHK$150,000
Minimum Age18
More Info

Benefits of using the Citi Octopus credit card

The Citi Octopus credit card offers cardholders a number of benefits:

  • Welcome offer. Rceceive HK$200 cash rebate with minimum spend of HK$2,500 in the first 2 months.
  • Bus fare rebates. Citi Octopus Platinum cardholders can get a 15% KMB, LWB, CTB and NWFB bus fare rebates, which will offset Octopus Automatic Add Value Service (AAVS) transactions as long as you spend HK$1,500 per monthly statement.
  • Octopus Reward$. You’ll be automatically enrolled in the Octopus Reward$ program, where you will earn Octopus Reward$ every time you spend with your card. You can redeem Octopus Reward$ for discounts or for other privileges offered at designated Octopus Rewards Merchants.
  • HK$150 O! ePay Credit. Activate your Automatic Add Value Service account by 30 June 2019 and reload a minimum of HK$500 by 31 July 2019 to get HK$150 O! epay credit.
  • Mobile payment promotion Earn extra HK$40 cash rebate when you make eligible transactions via Apple Pay, Google Pay and Samsung Pay within the first two months.

Citi Octopus credit card features

Some of the main features of this card include the following:

  • Annual fee. The Citi Octopus credit card will waive the annual fee for the first year. For subsequent years, you’ll need to pay an annual fee of HK$1,800 for the primary card and HK$900 for every supplementary card.
  • 2-in-1 credit card with Octopus service. The card is embedded with Octopus service and allows you to spend at any merchant or terminal that accepts Octopus payments. There’s also an automatic top-up of HK$500 when your Octopus balance is running low.
  • Year-round privileges. Gain access to special offers at Citi World Privileges’ partner merchants. Get exclusive deals on flights, hotel rooms, car rentals and other travel discounts to help you save while travelling in style.
  • Contactless payment technology. Receive the convenience of making secure and convenient tap-and-go payments at Visa payWave terminals with contactless technology.

How to apply for the Citi Octopus credit card

If you have compared your options and decided to apply, you can proceed by completing an online application. Before you apply, make sure you meet the following eligibility requirements.

Eligibility criteria

  • Be at least 18 years or older
  • Citi Octopus Platinum Card applicants must earn at least HK$150,000 p.a.
  • Citi Octopus Gold Card applicants must earn at least HK$60,000 p.a.
  • Have a good credit rating

Required documents

To ensure the application process goes smoothly, have the following information handy:

The Citi Octopus credit card offers a number of beneficial features, including a cash rebate, HK$0 first-year annual fee, Octopus Reward$ and auto-reload of your Octopus balance. Weigh up the benefits and costs of this card when you’re comparing your options, so you can find a credit card that suits your needs.

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