QUOTE(Gen-X @ Aug 7 2012, 12:01 AM)
So, for people like me, the FREE SCB VI and Alliance Bank VI not requiring one to have of more than 7 figures AUM with MBB way better than the no annual fee waiver (except for certain cardholder) AMEX Charge Card

And for those people exceeding 7 figures net worth, they would be flying Business or First Class which grants them access to the airline lounge anyway, so why would they be bothered with credit cards that give free access to airport lounge.
Actually, there are a lot of people with cash deposits of more than one million in Malaysia. Once when I was at a bank, the person ahead of me was discussing something and his current account balance was more than one million! Banker tried to get him to invest in something but he kept declining saying he prefers to keep it in current account even though interest was minimal!
So maybe not everyone with 7 figure sums would fly business or first class anyway? Especially when the ticket costs at least 3 or 4 times more than economy class?? Even with the one for one offer in business or first!
I remember reading an article that said ringgit millionaires very common and even US dollar millionaires in Malaysia is common. Certainly in my line of work I come across so many ringgit millionaires every day. I think we all wish we could be like them!
So yes, for ordinary people like us the Alliance Bank VI is good. Do you have to be a Premier/Priority customer or can you just apply for the VI?