Global banking giant, Citibank has launched Citi Titanium Cash Rewards Credit Card for its customers.

The most featured benefit of the card is that the card will offer five times rewards on all weekend spends. Besides, the card offers a host of benefits and facilities like cash back, multiple reward redemption option and flexibility of rolling rewards into one.

The reward points on card do not expire. The multiple redemption options will enable the cardholders to redeem the earned reward points for cash, air miles, in-store purchases or gifts from the reward catalogues.

The card is offered at the lowest interest rates of 2.5 percent per month in the category, with an annual maintenance fee of Rs 750.

Explaining the nature of product, N Rajashekharan, Country Business Manager, Citibank India''s Global Consumer Group, said, "The Citi Titanium Cash Rewards Credit Card stems from our conviction that product development must be driven by customer insight. While the card accrues rewards on all spends, its weekend-centric proposition will have a strong, positive resonance with customers making it the card of choice in their wallet."

The card comes with an introductory offer of Rs 500 for a limited period. On first usage, the card holder will earn 200 reward points.

The card also offers zero percent fuel surcharge at the Indian Oil petrol pumps.

Business Manager of Cards, Citi India, Sandeep Bhalla, said, "Our customers utilize their weekends for quality recreational time with family and friends, and naturally, most of their spending is concentrated in these two days. The Citi Titanium Cash Rewards Credit Card is in sync with the trend and aims to make this special time even more gratifying."

Recently, the bank entered into an alliance with Timesofmoney to offer e-remittance services to its NRI customers in Singapore.