Citi Card

Citi Bank:

Citi bank is one of the major international banks of the world with its presence in many countries including the developing countries. Citi bank is the subsidiary of Citigroup and primarily operates in consumer banking and corporate banking and the related financial services that make it the largest concern of its type over the globe. As of the first quarter of year 2007, Citi bank is the largest bank in United States on the basis of its holdings. There are different types of cards are offered by Citi Bank such as: bank card Citi credit secured, Citi advantage business card, Citi dividend card and Citi credit card.

History Of Citi Bank:

Citi bank was formed in year 1812 and was named as the City Bank of New York. This bank was formed by a group of merchants belonging to New York and the first person who headed the Citi bank was Samuel Osgood and he was also the first postmaster general of United States.

The City Bank of New York offered the master charge that today is known as the master card in year 1969. The bank made an unsuccessful attempt to introduce a separate credit card under the name of Choice card between 1977 and 1987. Citi bank deals in a variety of consumer and corporate banking products together with Citi cards. The Citi master credit cards were introduced by the bank for the first time during 1977 and 1987. Citi bank was the first bank to offer the automated teller machines in year 1970 that was primarily meant to provide 24 hour access to the account holders.

Citi bank started growing and expanding and in August 2004, Citi bank entered the Texas market with the acquisition of First American bank of Bryan, Texas. In April 2006, Citi bank made a deal with 7 eleven to establish ATMs in more than 5,500 convenience stores. In April 2007, the Citigroup announced the downsizing and relocations in order to enhance the performance of the bank.

Subsidiaries Of Citi Bank:

Citi bank is an international bank with its presence in all major countries of the world. Till October 2006, Citi bank had subsidiaries in Canada, Texas (previously First American Bank) and Citi bank national Association that operates in the state of New York and in the tri state New York City metropolitan area. This national association of Citi Bank is the parent company for all the other subsidiaries. However, the consolidation of various divisions of Citi bank took place under reorganization planned during October, 2006. Nowadays people are Citi bank credit card from online application card Citi credit.

As of the important financials of Citi bank, for the fiscal year ending in December, till year 2005, the sales of the bank were US $83,642,000,000, the net income was US $24,589,000,000, total year end assets were US $1.50 trillion and the total number of employees by the end of year 2006 was 300,000.

Products Offered By Citi Bank:

Citi bank offers automated teller machine facility (ATM) and credit card. Citi card also encompass the credit card and pay pass cards. These credit cards are also available as Citi Visa card that offers Citi cards payment online. Other types of these cards are Citi credit secured, Citi advantage business card, dividend card and credit card. Citi card online information is available that can accessed easily through the official website of Citibank and the same website will provide you with additional information regarding Citi bank card.