[qwertyuiop59]

tot of starting a new thread to compare the pros/cons between the priority banking between different banks.

General points to note:
-These are the relationships that are generally min 200k to max half a million.
-Should exclude those higher tier such as DBS Treasures private client, UOB PV Reserve (PVR)
-Should exclude the lower tiers such as SCB Preferred Banking, HSBC advance
- When discussing CC benefits, should only include the CC tagged to the account, eg. HSBC Premier will be the HSBC Premier MC card and not the HSBC Visa Infinite card

Format as follows:

Bank:
Minimum Assets Under Management(AUM):
Fall below fee charged: Yes/No
Downgrade if AUM not met: Yes/No
Pros:
Cons:

[qwertyuiop59]

Let me start the ball rolling as well

Bank: SCB
Minimum Assets Under Management(AUM): 200K
Fall below fee charged: Yes, $50 per month
Downgrade if AUM not met: Yes
Pros: PP pass with unlimited use
Cons: -

[lalaisgongon]

Bank:Citibank (citigold)
Minimum Assets Under Management(AUM):200k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros: Citigold lounge at paragon( Coffee, cookie, Resting area),some parking redemption at paragon. Citi Prestige extra bonus points. Overseas recognition AMK Hub, Tampines etc you too can have free parking (by giving you HDB parking coupons).
Cons:Rates are never the best.


Bank:Ocbc Premier
Minimum Assets Under Management(AUM):200k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros: World elite World mastercard. Concierge from CC. FCD ( foreign currency deposit) are one of the best around
Cons:

[lalaisgongon]

qwertyuiop59 wrote:

tot of starting a new thread to compare the pros/cons between the priority banking between different banks.

General points to note:
-These are the relationships that are generally min 200k to max half a million.
-Should exclude those higher tier such as DBS Treasures private client, UOB PV Reserve (PVR)
-Should exclude the lower tiers such as SCB Preferred Banking, HSBC advance
- When discussing CC benefits, should only include the CC tagged to the account, eg. HSBC Premier will be the HSBC Premier MC card and not the HSBC Visa Infinite card

Format as follows:

Bank:
Minimum Assets Under Management(AUM):
Fall below fee charged: Yes/No
Downgrade if AUM not met: Yes/No
Pros:
Cons:

Great Job, Should start one for high tiers one as well!

[reddevil0728]

lalaisgongon wrote:

Bank:Citibank (citigold)
Minimum Assets Under Management(AUM):200k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros: Citigold lounge at paragon, ( some parking ). Citi Prestige extra bonus points.
Cons:


Bank:Ocbc Premier
Minimum Assets Under Management(AUM):200k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros: World elite World mastercard. Concierge from CC.
Cons:

wats there inside the lounge?

[lalaisgongon]

reddevil0728 wrote:

wats there inside the lounge?

Nothing much? a nice place just to wait and have a cup of coffee while they settle your banking needs like the rest of the PP banking places. Although the citigold one looks really nice.

Updated as well.

[invisible999]

HSBC Premier

Asset requirements: 100K USD total assets under management (current/savings/brokerage account), different limits in different countries.
Fall below fee charged: Yes, $50/mo
Downgrade if AUM not met: Yes, to different tiers

Pros:
- Global transfers between accounts on different countries. Access to HSBC ATM is many countries w/o ATM withdrawal fees.
- Airport lounge access in various airports (HKG, IST and some others)
- US account holders: Global World Mastercard coming with 40K bonus points which can be transferred either to AsiaMiles or KF, no annual fee for the card for primary and supp card holders. No foreign transaction fees. During certain period (March to September) card earns double miles for any eligible transaction.
- US account holders will get local World Premier MC in other countries too.

Cons:
- While Global Transfers are available, rate is not only unattractive, but quite unfavorable for account holder. One would be better to use wire transfer between accounts. To use the best rate min $50K USD funds are required to be allocated.
- Completely incompetent clerks and CSOs both in Singapore and US - you have to do your own due diligence all the time.
- Airport lounges are worse than most airline lounges. If one has elite status (Star Alliance Gold for example) you would be better to go in lounges offering better service and amenities.

[lalaisgongon]

invisible999 wrote:

HSBC Premier

Asset requirements: 100K USD total assets under management (current/savings/brokerage account), different limits in different countries.
Fall below fee charged: Yes, $50/mo
Downgrade if AUM not met: Yes, to different tiers

Pros:
- Global transfers between accounts on different countries. Access to HSBC ATM is many countries w/o ATM withdrawal fees.
- Airport lounge access in various airports (HKG, IST and some others)
- US account holders: Global World Mastercard coming with 40K bonus points which can be transferred either to AsiaMiles or KF, no annual fee for the card for primary and supp card holders. No foreign transaction fees. During certain period (March to September) card earns double miles for any eligible transaction.
- US account holders will get local World Premier MC in other countries too.

Cons:
- While Global Transfers are available, rate is not only unattractive, but quite unfavorable for account holder. One would be better to use wire transfer between accounts. To use the best rate min $50K USD funds are required to be allocated.
- Completely incompetent clerks and CSOs both in Singapore and US - you have to do your own due diligence all the time.
- Airport lounges are worse than most airline lounges. If one has elite status (Star Alliance Gold for example) you would be better to go in lounges offering better service and amenities.

What is this Global World Mastercard? can elaborate more on features? what about singapore account holders?

[invisible999]

lalaisgongon wrote:

What is this Global World Mastercard? can elaborate more on features?

Here is US version information

lalaisgongon wrote:

what about singapore account holders

Here is Singapore version

Singapore version does not offer any advantages (to me) - they offered to open Singapore version and I declined. I do not even use US version because other US card and/or some other Singapore cards (UOB PPV, DBS Altitude) offer better options (like 10X UNI$).

[Godmode]

Any high tier privilege banking like $500k with some really great features like high intest rate and access to some high yield bonds or private investments?

[lalaisgongon]

invisible999 wrote:

Here is US version information


Here is Singapore version

Singapore version does not offer any advantages (to me) - they offered to open Singapore version and I declined. I do not even use US version because other US card and/or some other Singapore cards (UOB PPV, DBS Altitude) offer better options (like 10X UNI$).

Thank you i think its know as the Premier world mastercard. you are right, this card has been around for sometime, but i heard that premier cust gets the hsbc visa infinite for free too!
that has all the perks!

[lalaisgongon]

Godmode wrote:

Any high tier privilege banking like $500k with some really great features like high intest rate and access to some high yield bonds or private investments?

i think the next tier is 1m. or 1.5m. dont think 500k and above makes a difference as a whole.
but if i am not wrong, you get better rates when you invest in a lump sum, meaning 500k will get you better rates than 2 250k.

[chopra]

lalaisgongon wrote:

Nothing much? a nice place just to wait and have a cup of coffee while they settle your banking needs like the rest of the PP banking places. Although the citigold one looks really nice.

Updated as well.

at least better than dbs treasures which offers you pathetic kopi O.

[lalaisgongon]

chopra wrote:

at least better than dbs treasures which offers you pathetic kopi O.

About the same eh... I dont think its much different. but heard DBS treasures just up to 350k.

[chopra]

Godmode wrote:

Any high tier privilege banking like $500k with some really great features like high intest rate and access to some high yield bonds or private investments?

I have the same question too. Thought comparing the basic interest rate would be the primary reason why we park $$$ there.