Consolidated thread for Priority/Privilege Banking

[cheaponana]

Hi! I'm really interested in Citi Priority.. Can anyone having Citi Priority elaborate more on this other than those stated in previous posts.

Thank you

I don't think Citi Priority has any real benefits. Basically it's a way for you to have an RM that tries to sell products to you, e.g. mutual funds.

Do remember that if your AUM drops below $50k, there is a charge.

I think main benefit for at least the citigold level is the free overseas transfers.

 

[naro]

I don't think Citi Priority has any real benefits. Basically it's a way for you to have an RM that tries to sell products to you, e.g. mutual funds.

Do remember that if your AUM drops below $50k, there is a charge.

I think main benefit for at least the citigold level is the free overseas transfers.

Free overseas transfer to overseas Citibank account or non-Citibank account?

 

[Keverus]

Hey, I would like to go for ocbc premier banking, anyone has good RM to recommend?

Cheers?

ocbc has the worse rates

 

[onebenben]

ocbc has the worse rates

oh... which rate you mean? TT? fx?

 

[lcpteck]

Citibank Priority

Looks like they have a microsite up.

Banking fees related to the account.

Nothing interesting...

 

[bazingaman]

Nothing interesting...

Second that. Trying to create some hype.

 

[Keverus]

oh... which rate you mean? TT? fx?

yes

10charizard

 

[StealthShadow]

Just curious... What exactly do Priority Banking Centres provide? Curious about SCB in particular, but a general answer is fine too.

Just a nice lounge where you can get free kopi/teh and read newspaper, conduct transactions without having to mill around the general waiting area, etc? That's it? Get free mandarin oranges during CNY, maybe?

 

[sgdividends]

Other than higher loan quantum, will there be diff in the loan package if you are PB or not?

Yes.only about 0.1% lower.

 

[sgdividends]

Just curious... What exactly do Priority Banking Centres provide? Curious about SCB in particular, but a general answer is fine too.

Just a nice lounge where you can get free kopi/teh and read newspaper, conduct transactions without having to mill around the general waiting area, etc? That's it? Get free mandarin oranges during CNY, maybe?

Their lounge sucks. Compared to cimb, Scb only have me water, no magazines, no TV.Forget about it.

Lower brokerage, priority airport lounges, slightly lower mortgage 0.1%, waiver of esaver and xtrasaver fall below fee.

There is absolutely nothing else.

 

[undiscern]

Their lounge sucks. Compared to cimb, Scb only have me water, no magazines, no TV.Forget about it.

Lower brokerage, priority airport lounges, slightly lower mortgage 0.1%, waiver of esaver and xtrasaver fall below fee.

There is absolutely nothing else.

The priority pass is good enough privilege

 

[StealthShadow]

Their lounge sucks. Compared to cimb, Scb only have me water, no magazines, no TV.Forget about it.

Lower brokerage, priority airport lounges, slightly lower mortgage 0.1%, waiver of esaver and xtrasaver fall below fee.

There is absolutely nothing else.

So... what exactly can you do in the priority banking lounge that you can't do as a "normal" member? Sit down while doing transactions instead of standing at the counter, and get free mineral water while doing that?

 

[invisible999]

So... what exactly can you do in the priority banking lounge that you can't do as a "normal" member?

I asked the same question 2 years ago. Did not get a reasonable (IMHO) answer...

 

[cybercom8]

Their lounge sucks. Compared to cimb, Scb only have me water, no magazines, no TV.Forget about it.

Lower brokerage, priority airport lounges, slightly lower mortgage 0.1%, waiver of esaver and xtrasaver fall below fee.

There is absolutely nothing else.

that looks like a good benefit

and the free unlimited priority pass is definitely a good value since we do not pay a single cent

 

[StealthShadow]

waiver of xtrasaver fees is nice, especially since they started charging non-waivable monthly fees of $2 (this isnt the fall-below fee, it's on top of that... they're trying to push people away from xtrasaver). However Xtrasaver gives, what, 2% rebates? There are a bunch of cashback cards with much better rebates nowadays.

Priority Pass is pretty much the best (and only true) benefit of SCB Priority. Although how much this benefits you depends on how much you travel, and who you travel with... My gf has no PP so I'll have to fork out USD27 for her to enter the lounges with me (or abandon her outside and go in myself lol).

 

[swatchie]

Just got invited to join DBS Treasures Private Client. Wonder if its any good though I must say the sign up bonus is pretty tempting; 120K Miles and a stay at any W Hotel worldwide. Anyone has any experience with TPC?

Thanks!

 

[highsulphur]

Just got invited to join DBS Treasures Private Client. Wonder if its any good though I must say the sign up bonus is pretty tempting; 120K Miles and a stay at any W Hotel worldwide. Anyone has any experience with TPC?

Thanks!

Very satki. Have 1.5 to put in.....

 

[lcpteck]

Just got invited to join DBS Treasures Private Client. Wonder if its any good though I must say the sign up bonus is pretty tempting; 120K Miles and a stay at any W Hotel worldwide. Anyone has any experience with TPC?

Thanks!

That's an attractive signup bonus.

 

[swatchie]

That's an attractive signup bonus.

It is but I'm not sure if its worth to park so much $ in DBS just for the sake of the bonus.

 

[lcpteck]

It is but I'm not sure if its worth to park so much $ in DBS just for the sake of the bonus.

How long you have to park it for? If it's okay, just park it, take the bonus, and terminate account after that heh.