SC priority versus priority private, worth joining the latter?

[Guojing88]

As a SCB Priority customer, I recently received an invitation to join Priority Private.

I see the online trading brokerage fee is 0.15%, isn't priority already that amount as well?

Worth joining? https://www.sc.com/sg/priority/priority-private/

 

[reddevil0728]

As a SCB Priority customer, I recently received an invitation to join Priority Private.

I see the online trading brokerage fee is 0.15%, isn't priority already that amount as well?

Worth joining? https://www.sc.com/sg/priority/priority-private/

if no cost to joining then why not?

 

[addict951]

As a SCB Priority customer, I recently received an invitation to join Priority Private.

I see the online trading brokerage fee is 0.15%, isn't priority already that amount as well?

Worth joining? https://www.sc.com/sg/priority/priority-private/

Wow, you got S$1.5mio worth of stocks and cash to park at SCB riao??

 

[Guojing88]

Wow, you got S$1.5mio worth of stocks and cash to park at SCB riao??

Hmm, I don't.

Maybe I was mistaken, its to be an Accredited Investor, but the picture they show in my email put Priority Private, are they the same?

 

[addict951]

Hmm, I don't.

Maybe I was mistaken, its to be an Accredited Investor, but the picture they show in my email put Priority Private, are they the same?

To be SCB’s AI, you must show proof of S$1mio in liquid assets.
https://forums.hardwarezone.com.sg/threads/accredited-investor.6875839/

To join SCB’s priority private, you must bring in S$1.5mio of liquid assets to park wif them.

 

[Guojing88]

To be SCB’s AI, you must show proof of S$1mio in liquid assets.
https://forums.hardwarezone.com.sg/threads/accredited-investor.6875839/

To join SCB’s priority private, you must bring in S$1.5mio of liquid assets to park wif them.

Hmm my total with them not even 1 million.

They relaxed that criteria recently is it?

 

[ctan84]

As a SCB Priority customer, I recently received an invitation to join Priority Private.

I see the online trading brokerage fee is 0.15%, isn't priority already that amount as well?

Worth joining? https://www.sc.com/sg/priority/priority-private/

Priority is 0.18% I think. Priority Private got what other benefits? Coz I find priority very buang, like nothing one other than RMs trying to sell me stuff.

 

[addict951]

Hmm my total with them not even 1 million.

They relaxed that criteria recently is it?

They ask you now mah “Want join anot”? I got notice they only ask those who have been with them for Priority a number of years liao then they will ask.
Priority newbies they won’t ask 1.
Then if you want join you must show proof la.
cos they dun know how much you really have mah.

 

[reddevil0728]

Priority is 0.18% I think. Priority Private got what other benefits? Coz I find priority very buang, like nothing one other than RMs trying to sell me stuff.

Access to leveraging, access to more complex products.

which may or may not be useful to you

 

[Guojing88]

They ask you now mah “Want join anot”? I got notice they only ask those who have been with them for Priority a number of years liao then they will ask.
Priority newbies they won’t ask 1.
Then if you want join you must show proof la.
cos they dun know how much you really have mah.

Ahh I see, anyway I already sounded my RM about this invite, see what she says

 

[addict951]

Priority is 0.18% I think. Priority Private got what other benefits? Coz I find priority very buang, like nothing one other than RMs trying to sell me stuff.

Remember, priority got free lounge visits leh. Gd wad.
Like you go airpork then you see ppl spend $9 to buy a bowl of mee while we go Crys jade express redeem free 水饺面.

 

[ctan84]

Access to leveraging, access to more complex products.

which may or may not be useful to you

I only want free mooncakes, CNY goodies and invitations to talks with free makan

 

[ctan84]

Remember, priority got free lounge visits leh. Gd wad.
Like you go airpork then you see ppl spend $9 to buy a bowl of mee while we go Crys jade express redeem free 水饺面.

Don't have free lounge visits lah. You need to apply the credit card with unwaivable annual fees one.

 

[reddevil0728]

I only want free mooncakes, CNY goodies and invitations to talks with free makan

then you aren't their target audience

 

[Guojing88]

Don't have free lounge visits lah. You need to apply the credit card with unwaivable annual fees one.

They always waive my annual fee leh, how come you have to pay?

 

[ctan84]

They always waive my annual fee leh, how come you have to pay?

Which card you using? Those with like limited 2-4 lounge visits a year yah lah, those sure can waive.

 

[reddevil0728]

Which card you using? Those with like limited 2-4 lounge visits a year yah lah, those sure can waive.

that poster got say unlimited visits meh?

 

[Guojing88]

Which card you using? Those with like limited 2-4 lounge visits a year yah lah, those sure can waive.

The SC priority card, I think there is at least 12 free visits a year for that?

 

[limster]

Don't have free lounge visits lah. You need to apply the credit card with unwaivable annual fees one.

Standard Priority Visa Infinite every year you get an SMS telling you the fees are waived. I found that annoying compared to OCBC/UOB which have lifetime waiver for their Visa Infinite, Visa signature. Since my spend became close to zero after I stopped pumping petrol, I decided to cancel the card, because always a risk that they won't waive.

 

[ctan84]

Standard Priority Visa Infinite every year you get an SMS telling you the fees are waived. I found that annoying compared to OCBC/UOB which have lifetime waiver for their Visa Infinite, Visa signature. Since my spend became close to zero after I stopped pumping petrol, I decided to cancel the card, because always a risk that they won't waive.

Im just thinking is it worth to put down a 10k FD for this CC coz the interest will be at board rates. FIREd liao, so no more proof of income to apply.