Consolidated thread for Priority/Privilege Banking

[Inix]

they still have it
Platinum Card® Member Benefits

and you can consider getting the ICC version
American Express Dollar and Euro Charge Cards

Thats the American version. The local version no more liao. That's the reason why I refused to get the charge card. If got, I sure will get the card..

 

[wondrdoggie]

Where u see 1 for 1 biz class for Amex Plat card?

Credit Card Comparison - Best Credit Cards | American Express SG

You got to call the plat travel service to ask. Last I heard they have deals with JAL and Cathay. But these partners change from time to time.

 

[taediumv]

Think what he mean is that you put cash 150k in.
26 k is used to secure the card
the rest of the 124k you can use to do your investment
but when you cancel the card, the 26k is no longer locked in to secure the card

Ah I see. Thanks for the clarification!

 

[wondrdoggie]

Hi can you share your experience with JPM and ubs?

how are they different and what do they offer?

i am aware that UBS only offers wealth management and no banking services

Which rates are the best?
who has the most benefits?

Both jpm and ubs don't have retail banking in sg so my exp with them is on the PB side. I would say I prefer jpm as their style fits mine the most and I work with a great team. They are very proactive in investment ideas but not pushy. What I like best is that they take the time to explain each products with pros and cons and the result is that I get the confidence to make a decision. It was especially important for a finance dummy that I was. I have learnt a lot from them.

They offer access to all the usual bonds, equities, derivatives, fx and PE funds. Some other banks can't provide. They also gave me the highest ROI among all the banks. Their rates are the best in terms of leverages in various currencies and fees are the most attractive so far. However, it really depends on how much AUM you have with them when it comes to rates. The more you have, the better rates you get. Also your experience depends on the RM and analyst team you get. Their team is one RM supported by a few analysts.

As for UBS, I have less history with them but their style is very different from jpm. A lot more conservative feel and maybe it's because of my RMs, they are less proactive. They don't give you direct access to their analysts. All must go through rm. The rates for loans are not very attractive which limits my exposure to non sgd products so not very good. ROI is too early to tell. Product range wise, similar to jpm.

If you are keen on some special credit cards, jpm and UBS don't provide because they don't have retail banking license in sg.

 

[wondrdoggie]

Thats the American version. The local version no more liao. That's the reason why I refused to get the charge card. If got, I sure will get the card..

I just called them to check my flights, somehow got routed to Centurion side. The plat side will call me tomorrow with current promos. Will share when I have more info.

The tunglok deals are not bad, the free hotel nights at fairmont also not bad. I recently stayed at this hotel that costs USD500 rack rate which they managed to get for me for SGD337. So I think worth it or not depends on how you use the benefits. Or rather if you plan to often stay in these kind of hotels anyway then probably worth it. They also gave cash return for hotel stay as part of my renewal package.

 

[lalaisgongon]

Both jpm and ubs don't have retail banking in sg so my exp with them is on the PB side. I would say I prefer jpm as their style fits mine the most and I work with a great team. They are very proactive in investment ideas but not pushy. What I like best is that they take the time to explain each products with pros and cons and the result is that I get the confidence to make a decision. It was especially important for a finance dummy that I was. I have learnt a lot from them.

They offer access to all the usual bonds, equities, derivatives, fx and PE funds. Some other banks can't provide. They also gave me the highest ROI among all the banks. Their rates are the best in terms of leverages in various currencies and fees are the most attractive so far. However, it really depends on how much AUM you have with them when it comes to rates. The more you have, the better rates you get. Also your experience depends on the RM and analyst team you get. Their team is one RM supported by a few analysts.

As for UBS, I have less history with them but their style is very different from jpm. A lot more conservative feel and maybe it's because of my RMs, they are less proactive. They don't give you direct access to their analysts. All must go through rm. The rates for loans are not very attractive which limits my exposure to non sgd products so not very good. ROI is too early to tell. Product range wise, similar to jpm.

If you are keen on some special credit cards, jpm and UBS don't provide because they don't have retail banking license in sg.

Why did you consider an all in on solution?

such as citi private?
or hsbc private?
or std chartered?

Do you mind disclosing what is the range of ROI you get with JP?

 

[lalaisgongon]

Thats the American version. The local version no more liao. That's the reason why I refused to get the charge card. If got, I sure will get the card..

Consider getting the ICC, the annual fee is lower.
btw its issued by the UK side i think!

 

[wondrdoggie]

Both jpm and ubs don't have retail banking in sg so my exp with them is on the PB side. I would say I prefer jpm as their style fits mine the most and I work with a great team. They are very proactive in investment ideas but not pushy. What I like best is that they take the time to explain each products with pros and cons and the result is that I get the confidence to make a decision. It was especially important for a finance dummy that I was. I have learnt a lot from them.

They offer access to all the usual bonds, equities, derivatives, fx and PE funds. Some other banks can't provide. They also gave me the highest ROI among all the banks. Their rates are the best in terms of leverages in various currencies and fees are the most attractive so far. However, it really depends on how much AUM you have with them when it comes to rates. The more you have, the better rates you get. Also your experience depends on the RM and analyst team you get. Their team is one RM supported by a few analysts.

As for UBS, I have less history with them but their style is very different from jpm. A lot more conservative feel and maybe it's because of my RMs, they are less proactive. They don't give you direct access to their analysts. All must go through rm. The rates for loans are not very attractive which limits my exposure to non sgd products so not very good. ROI is too early to tell. Product range wise, similar to jpm.

If you are keen on some special credit cards, jpm and UBS don't provide because they don't have retail banking license in sg.

Sorry, I need to clarify. For my post, PB = private bank, not privilege banking or priority banking.

 

[lalaisgongon]

Sorry, I need to clarify. For my post, PB = private bank, not privilege banking or priority banking.

Sure of course.

JPM And UBS dont do priority

Btw wondrdoggie i PMed you!

 

[neanea]

Sorry, I need to clarify. For my post, PB = private bank, not privilege banking or priority banking.

How to apply for JP PB?

 

[lalaisgongon]

How to apply for JP PB?

Bring cash/liquid assets upwards of $2 million USD. walk into office. "Hi i wish to open an account"

 

[wondrdoggie]

I just called them to check my flights, somehow got routed to Centurion side. The plat side will call me tomorrow with current promos. Will share when I have more info.

The tunglok deals are not bad, the free hotel nights at fairmont also not bad. I recently stayed at this hotel that costs USD500 rack rate which they managed to get for me for SGD337. So I think worth it or not depends on how you use the benefits. Or rather if you plan to often stay in these kind of hotels anyway then probably worth it. They also gave cash return for hotel stay as part of my renewal package.

Update: They called back. No current 1 for 1 promo for bz class. I asked if it means they no longer do it. They said depends on partner airlines. That means no to me loh! A friend just told me the Ultima card from citi offers 1 for 1 now. IMHO, if cannot get back at least cost of annual fee based on your own pattern of usage, no point holding on to this card. It's a competitive card market out there...

 

[wondrdoggie]

Bring cash/liquid assets upwards of $2 million USD. walk into office. "Hi i wish to open an account"

That's what they all say... but they will accept if you can bring in 1m (or even less, as long as you show you have potential) especially if you are referred by an existing client.

 

[lalaisgongon]

Update: They called back. No current 1 for 1 promo for bz class. I asked if it means they no longer do it. They said depends on partner airlines. That means no to me loh! A friend just told me the Ultima card from citi offers 1 for 1 now. IMHO, if cannot get back at least cost of annual fee based on your own pattern of usage, no point holding on to this card. It's a competitive card market out there...

if i am not wrong citi ultima if Citi private clients with AUM of 5 mill and upwards.

 

[wondrdoggie]

if i am not wrong citi ultima if Citi private clients with AUM of 5 mill and upwards.

Not so high criteria...it is pegged to the Amex Centurion. But they keep the criteria very secretive

 

[lalaisgongon]

Not so high criteria...it is pegged to the Amex Centurion. But they keep the criteria very secretive

i saw it once list on the TPC website. which requires 1 million.

its nearest competitors, the DBS insignia, needs 3 mil?

 

[neanea]

Bring cash/liquid assets upwards of $2 million USD. walk into office. "Hi i wish to open an account"

You JP PB client ?

 

[lalaisgongon]

You JP PB client ?

Nope but considered them before. Prefer ubs though.

 

[neanea]

Nope but considered them before. Prefer ubs though.

You have 2 mil? How old are you?

 

[ckchan526]

Hi,
I had met with a RM. She mentioned something on Knock-In Knock-Out Equity Link Notes.

Example:
$200k to buy shares of 2 companies with all the positive analyst ratings
Tenor: 4 months
Coupon: 15% p.a.
Strike: 100%
KO: 93%
Knock In: 68.0%

Anyone one familiar or bought before?

Thanks.