Consolidated thread for Priority/Privilege Banking

[invisible999]

Wad bank u use 0.5 ? Cheap leh, mine min 1%

ETF. 10char.

 

[MadAppleUser]

ETF. 10char.

Etf return too low.

 

[invisible999]

Etf return too low.

Yaah, right. Does John C. Bogle and The Vanguard Group rings any bells for you?

If not, I'm sure Warren Buffet does. And here it goes.

In 2007, Warren Buffett entered a million-dollar bet with fund manager Protégé Partners that the S&P 500 would beat a basket of hedge funds over the next decade.
His S&P 500 index fund compounded a 7.1% annual gain over 10 years, beating an average increase of 2.2% by the basket of funds selected by Protégé Partners.

 

[addict951]

Those who received the new 24-visit (airport) priority pass (the black card) via SCB one, the card no need to activate one hor?

I've also downloaded the app and filled in all details.

 

[Prof Goh]

As others have pointed out, SCB is priority banking. I applied for it in 2016. This was my experience, don't know how come your T&C so different.


In order to qualify, you just need $200k AUM INCLUDING stocks/shares purchased using online trading or transferred in from CDP.
There is no lock in period, but you need to keep the average AUM above $200k. (RM said that a few months drop below $200k, doesn't matter, but if more than 6 months they may review)
SCB Priority Banking VI, as Sgdividends pointed out, it is blue colour and not grey colour. I've not been charged subscription yet (some say they will minus your points to pay subscription, so just make your you use up your points).
No welcome gift.
They never asked me for assets info.

I’m on household recognition with a PB VI card with 4 visits (can be 24 if your AUM is >200k). No annual fees paid and even got the $100 cash credit under the new promo. Just had to do a 10k FD.

Basically if joint account has 200k, all household recognition members would get 24 PP visits.

If main account (with joint members) has 199k and 1k in stocks, joint account holders have no other AUM except the joint account, only main account holder will get 24 visits.

 

[zeitou]

Wish to join HSBC Premier, any referral? 50/50 split.
PM me.

 

[highsulphur]

Wish to join HSBC Premier, any referral? 50/50 split.
PM me.

Pm you.....

 

[sane_geek]

I’m on household recognition with a PB VI card with 4 visits (can be 24 if your AUM is >200k). No annual fees paid and even got the $100 cash credit under the new promo. Just had to do a 10k FD.

Basically if joint account has 200k, all household recognition members would get 24 PP visits.

If main account (with joint members) has 199k and 1k in stocks, joint account holders have no other AUM except the joint account, only main account holder will get 24 visits.

What's the difference between joint account and main acccount with joint members?

 

[agmayu]

Hi,

New member to HWZ. I have a Citi Priority and I am looking to move to Citigold to get the 800 welcome gift. The TnC indicates I wont be eligible for the gift as I am an existing customer. Any experiences with this? Can I have my wife open an account and get this instead?

 

[oceanicmanta]

Hi,

New member to HWZ. I have a Citi Priority and I am looking to move to Citigold to get the 800 welcome gift. The TnC indicates I wont be eligible for the gift as I am an existing customer. Any experiences with this? Can I have my wife open an account and get this instead?

You can intro your wife, then u can get the referral fee, while your wife gets the welcome gift + anniversary gift

existing clients not eligible for such gifts, and as far as I know, Citi unlikely to make exceptions

 

[agmayu]

You can intro your wife, then u can get the referral fee, while your wife gets the welcome gift + anniversary gift

existing clients not eligible for such gifts, and as far as I know, Citi unlikely to make exceptions

Thank you! Was considering HSBC premier at first, but their bonus interest is only for 3 months, after which I guess it goes back to 0.1%. Currently debating between Citigold and SCB Priority.

 

[oceanicmanta]

Thank you! Was considering HSBC premier at first, but their bonus interest is only for 3 months, after which I guess it goes back to 0.1%. Currently debating between Citigold and SCB Priority.

HSBC promo has been ongoing. Many here play musical chairs every 3 months with it.

CitiGold is best for just 3 mths for welcome gift

 

[agmayu]

HSBC promo has been ongoing. Many here play musical chairs every 3 months with it.

CitiGold is best for just 3 mths for welcome gift

But I thought u have to maintain the Citigold account for atleast 6 months otherwise you pay an account closure fee? Same for HSBC I think?

 

[oceanicmanta]

But I thought u have to maintain the Citigold account for atleast 6 months otherwise you pay an account closure fee? Same for HSBC I think?

not closing any accounts within 6 mths and trying our very best to avoid fall below fees

 

[tiertime]

not closing any accounts within 6 mths and trying our very best to avoid fall below fees

I just found out abt citigold ...
considering the welcome gift and bonus interests, does citigold or HSBC Premier has better offer ?

according to this page:
https://www.citibank.com.sg/global_docs/pdf/CG-wc-promo2.pdf
Based on 250K, Citigold offering $800 base reward and $1000 Anniversary, total to receive is $1800.. am i right?

it seems we have to maintain the 250k in the CTG for 9 months in order for us to receive the $800+1000 rewards?

this citigold does not give any interest for the deposit ?

 

[oceanicmanta]

learnt from fellow HWZoner who learnt from Citibanker that it is no longer attractive to keep funds to earn anniversary award ... so best just 3 mths then run road

 

[oceanicmanta]

and to add, for your birthday, CitiGold will give a cake redemption from Antoinette, a atas cake shop ... not bad ... so time your entry

 

[addict951]

I just found out abt citigold ...
considering the welcome gift and bonus interests, does citigold or HSBC Premier has better offer ?

according to this page:
https://www.citibank.com.sg/global_docs/pdf/CG-wc-promo2.pdf
Based on 250K, Citigold offering $800 base reward and $1000 Anniversary, total to receive is $1800.. am i right?

it seems we have to maintain the 250k in the CTG for 9 months in order for us to receive the $800+1000 rewards?

this citigold does not give any interest for the deposit ?

OMG, put 250K 9 mths get $1800? What other benefits? Very poor return ****, cos that's 0.72% int. nia. You go put 1.3% pa FD sua.

 

[chopra]

OMG, put 250K 9 mths get $1800? What other benefits? Very poor return ****, cos that's 0.72% int. nia. You go put 1.3% pa FD sua.

citi savings yield v low for new ppl. maxigain requires time.

hsbc premier i think someone mentioned can hit above 2%?

 

[agmayu]

citi savings yield v low for new ppl. maxigain requires time.

hsbc premier i think someone mentioned can hit above 2%?

Maxigain should now give more than 2% right since SIBOR is around 1.25% so 80% of that PLUS 1.2% (after a year)?