[By NBC-1TV H. J Yook]Citibank Korea, Inc. (CEO Ha Yung Ku, www.citibank.co.kr) announced that it launched Citi Post-paid Hipass Card for drivers to pay highway toll fees without cash or charging.

Citi Post-paid Hipass Card offers 50%~20% discount during rush hours and all-time 5% discount when using Hipass lane on the Korea Expressway Corporation highways. The card is dedicated to highway toll fee payment for which anyone holding a Citibank credit card can apply. (Citi BC excluded) It may also be issued when applying for/issuing a new Citibank credit card.

To celebrate its launch, CKI will hold a cash-back event and pay customers who sign up on the homepage up to 30%, max KRW 10,000 of Citi Post-paid Hipass Card spending and offer the latest hipass terminals at special prices for customers purchasing via Citicard online shopping mall until Sept.30.

Iqbal Singh, head of Citibank Card Business Group said, “I am very pleased to launch Citi Post-paid Hipass Card featured with once-a-month payment scheme which is safe from stealing/loss” adding “we will do our best to develop services that can increase customer convenience in the future.”

Citi Post-paid Hipass Card’s annual fee is KRW 2,000 and can be applied for via Citibank branches and www.citibank.co.kr. Customers issuing the card before end December this year will be annual-fee waived for 5 years.