Difference between SCB Preferred and Priority Banking

materick

materick

Supremacy Member
Joined
Aug 7, 2000
Messages
9,116
Reaction score
2
xBbx07

xBbx07

Senior Member
Joined
Oct 22, 2007
Messages
1,319
Reaction score
0
Not THAT frequent a flyer to focus on clocking miles - I use Maybank Horizon for it - so 2 miles per $1 spent on overseas travel. I have Premiermiles too, so I enjoy my 2 annual visits to lounges on PP.

Locally, I prefer cash back given my spending habits.

The VI cards are IMO more of "feel good" status recognition - so good to have but hard for me to justify anything else beyond that.

All in, priority banking is definitely a good-to-have with all its perks here and there. But perhaps I need to work harder for a few more years before I can join this semi-prestige club.
 
L

limpoop

Arch-Supremacy Member
Joined
Jun 3, 2003
Messages
13,193
Reaction score
0
avsquare said:
I get your point there - so it really depends on how much capital and assets under your belt.

SCB VI is given to it's priority customer but it does has an annual fee of $300.

Not sure what is the min asset req for SCB, had a feeling that it is lower to attract business.
Click to expand...

Don't worry about SCB VI annual fees, I never have to pay, just call their hotline and they will waive it.
 
L

limpoop

Arch-Supremacy Member
Joined
Jun 3, 2003
Messages
13,193
Reaction score
0
materick said:
one additional perk: changing fresh notes during cny.

you get priority, go lounge, take a sit, drink some coffee tea, wait for your turn, then go meet the teller and do whatever you need. It's a big plus point, so far I like UOB and stchart for this service...

btw, have you seen the uob pbanking hall at mbfc? wow.
Click to expand...

Yes, changing new notes during CNY is a good one, no need to queue and can ask for as many angbaos as you wish.

Also if you do lots of banking services at their branches, you can always use the priority queue to cut queue, especially at crowded places like ION and Vivo.
 
supergmail

supergmail

Supremacy Member
Joined
Feb 17, 2008
Messages
5,012
Reaction score
0
stiwipl said:
I couldn't spot any differences personally except that in priority you pay extra for the status.

Btw, there is also another status, called "World Partner". You can ask for it if you have at least 20k. As for benefits under "WP", you can make free overseas bank wires (all fees are waived except one - foreign bank charges which are $50 if you pay in SGD or US$28 if you have USD account or equivalent if in EUR); free foreign currency withdrawal /deposit in branch (normally 1.5%) and if I am not mistaken 1 free withdrawal per month from any ATM in SG.
Click to expand...

but for this card, is the Fd rates comparable to what the priority account offer?
 
S

Suleyman

Senior Member
Joined
Dec 26, 2004
Messages
2,217
Reaction score
48
Re: CNY new notes
The banks are also known to set aside a stash of notes for priority customers. Eg, for some reason, new $50 notes are in short supply this year. By last week, most banks branches will refuse to release new $50 notes to non-Priority customers.

SCB VI Card
Earning rates aren't great, but you basically can get a fair bit of points for whatever existing relationship you already have with them (investments, loans, etc). Also, as a SCB card, you can use it to pay for a whole bunch of stuff through internet banking, which you normally would not be getting any points on. So, it's still not a bad card.
 
L

lalaisgongon

Senior Member
Joined
Jan 5, 2008
Messages
506
Reaction score
1
avsquare said:
Are you a frequent flyer? That's one good qn to ask yourself.

DBS is not offering Visa Infinite because DBS Treasuries offers Amex (DBS Treasuries Black Elite Amex). It offers 1.2miles per $ spent and twice the amount for overseas spend.

If you look at SCB's VI, it's not fantastic, because it's only 1miles per $. Given that it is supposed to be some "special card", the rewards aren't that rewarding.

HSBC - not that I know if. But if you have at least a 6-digit deposit with them, maybe you can use that as a basis to ask for their newly launched Visa Infinite which has some nice perks according to bros here.
Click to expand...



Honestly i rather they give me the VI for treasures. The Treasures amex isnt accepted everywhere, if amex is accepted, amex plat prob gives you more discount or points.

Hsbc VI you could earn 120k/annum. and apply too!
 
goenitz33

goenitz33

Arch-Supremacy Member
Joined
Sep 5, 2007
Messages
15,352
Reaction score
2
Suleyman said:
Re: CNY new notes
The banks are also known to set aside a stash of notes for priority customers. Eg, for some reason, new $50 notes are in short supply this year. By last week, most banks branches will refuse to release new $50 notes to non-Priority customers.

SCB VI Card
Earning rates aren't great, but you basically can get a fair bit of points for whatever existing relationship you already have with them (investments, loans, etc). Also, as a SCB card, you can use it to pay for a whole bunch of stuff through internet banking, which you normally would not be getting any points on. So, it's still not a bad card.
Click to expand...

nothing beats getting a friend who works in a bank to change for you IMO :p

i didnt even need to go down :x just need to tell my friend how much i need and it is done and i get it when i meet up with her. :s13:

Corporate Banking have this feature also, just inform your RM ;)
 
R

rubicon

Master Member
Joined
Dec 6, 2007
Messages
2,766
Reaction score
247
avsquare said:
Are you a frequent flyer? That's one good qn to ask yourself.

DBS is not offering Visa Infinite because DBS Treasuries offers Amex (DBS Treasuries Black Elite Amex). It offers 1.2miles per $ spent and twice the amount for overseas spend.

If you look at SCB's VI, it's not fantastic, because it's only 1miles per $. Given that it is supposed to be some "special card", the rewards aren't that rewarding.

HSBC - not that I know if. But if you have at least a 6-digit deposit with them, maybe you can use that as a basis to ask for their newly launched Visa Infinite which has some nice perks according to bros here.
Click to expand...

there's a very nice perk that SCB's VI has that other banks do not: ability to pay income tax and get the miles.
 
V

vetomoko

Member
Joined
Oct 9, 2006
Messages
277
Reaction score
0
does anyone knows what is the criteria to get priority banking? How much money to maintain with the bank to get?
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top