Citibank and Citi Microfinance Announce Pioneering Credit Card with Citi Banamex USA
Los Angeles, CA – Citi and Banamex USA recently introduced a new co-branded credit card at select Citibank financial centers in Texas. Through an ongoing pilot program available through eight Citibank Financial Centers in Texas and working with Citi Microfinance and Banamex USA, it is now possible for Citibank customers to grant a shared-credit card to a friend or relative in Mexico with Banamex USA’s exclusive bi-national Card program.
Darryl P. Hendricks, Central Division Manager for Citi, stated, “The partnership between Citibank and Banamex USA will assist Citi in its mission to offer credit solutions to the underserved markets in Texas.”
Salvador Villar, President and CEO of Banamex USA said, “We know and understand the market needs, which is why we are implementing this program in Texas with which we hope to have positive responses and, of course, excellent results.”
The pilot program offers cash-back rewards, 24-hour access to accounts, additional cards at no cost and introductory APRs on purchases or balance transfers for 12 months, depending on the type of credit card selected by individuals with established credit history. Individuals with no credit history will be able to open unsecured Citi Banamex USA Bonus credit cards to establish credit history in the United States with APRs that automatically reduce with good credit and payment performance.
The application and approval process for the Citi Banamex USA credit card is really rather simple. Applicants simply need to provide valid proof of identification and complete the application in Spanish or English.
The Citi Banamex USA Credit Card offers many other advantages, like money transfers to Mexico by toll-free phone. Money transfers can be picked up at more than 1,600 Banamex branches, 4,500 commercial entities and 5,000 ATMs in Mexico.
Qualified U.S. applicants with no credit history in the United States but with satisfactory credit history in Mexico will be able to use their credit history from Mexico to obtain a Citi Banamex USA card with a lower APR and higher line of credit.
All Citi Banamex USA customers enjoy toll-free bilingual Spanish and English customer service telephone numbers from the United States and Mexico. Participating Citibank Financial Centers are located in Austin, Odessa, Ft. Worth, Dallas, Houston and San Antonio.
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