my friend told me that waiver of 3 yrs mthly charges

I just read that Standard Chartered Priority Banking ATM cardholders are allowed to make FREE withdrawals at any HSBC, UOB and OCBC ATM in Malaysia. On top of that, there is also no fee when making withdrawals at any overseas ATM that do not belong to Standard Chartered**.

This is GOOD ! I mean really really GOOD

hi, is there anyone hsbc premier customer here?

i just curious to know that usually how much credit limit of d mastercard given to their member?

how do they evaluate the credit limit without providint any income docs?

All HSBC Premier customer will be given RM30K starting limit on the Premier card and the basis is the amount of total investments you have with the bank. (Cash and non-cash investments) Not sure how to increase the CL further.

Based on my own experience, the starting credit limit for the Premier Mastercard is RM40k.

After that, you would need to request and approval will depend on how active you use the card - not how much you swipe.

Shoo shoo

40k CL you get into prio banking already? interesting. got offered RHB prio banking due to housing loan with them. have turned them down as of now cause i really only wanted their low low low HL rate. any comments if its worth my while? alliance booted me cause i pumped too much money away from them - their fault for lack of good offers

No - you get into priority banking with minimum RM200k deposit. Then the bank gives you a free Premier Mastercard with starting CL of RM40K.

Standard Chartered Bank now requires a minimum investment of RM250k in order to qualify for Priority Banking. HSBC Premier Banking and Citibank Citigold remain the same at RM200k to qualify but i won't be surprised if they too, raise the entry level one day as too many people seem to easily qualify for it nowadays and the Premier Banking Centre/Citigold Centre/Priority Banking Centre is getting really crowded.

wirelessdude,

thanks for the clarification - would have been interesting otherwise. i only bank with two banks (alliance and citi) + run the HL with RHB. so i am sort of out of touch with other offers.

and i do agree - 200k is relatively low entry treshhold, its not that hard to come up with it even for two average income earners (klang valley income that is).

oh okay, noted with thanks. just wana ensure this card feature before opening hsbc premier

There is actually two ways to increase your limit :-

1) You can request for an increase by submitting the relevant income documents

2) You keep hitting your limit consistently over the year and its an auto increase ie. need to spend & pay off, not accumulate o/s

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Added on December 2, 2009, 5:36 pmFeature wise, its not much to speak about unless you need to transfer funds between countries, then its really worthwhile

This post has been edited by tgeoklin: Dec 2 2009, 05:36 PM

Hi All,

I just looked up the new site for RHB Infinity Banking. The Priority Pass is no longer mentioned. Can anyone confirm this is no longer given as a benefit?


Thanks.

Hmm.. just asking, which priority banking enables me to do the following best?

1. Cheap TT Remittance to overseas to self and 3rd party ( Now have to pay approx RM 10 + RM 50 per transaction...USD/SGD)
2. Good Exchange Rate for TT (Most exchange rate sucks)
3. Fast TT Processing (Damm slow... and officer not knowledgeable)

Don't need card, don't need RM and also don't need preferred loans.

This post has been edited by gark: Dec 23 2009, 09:25 AM

HSBC Premier, Standard Chartered Priority Banking and Citibank Citigold.

Let say you have HSBC Premier account in Malaysia and UK, transferring funds from your Malaysian account to UK is totally free. You also get preferential exchange rates and it is almost as good as those provided by money changer. If you want to TT money to an overseas 3rd party account, normal TT charges still apply (varies).

Thanks for the info, the bank which i am most frequently sending to and receive TT from (currently into CIMB) from is Standard Chartered. So if i join Standard Chartered Priority, then the incoming USD TT conversion into RM Account, I get better rates?

I just dumped my OCBC Priority Banking.. no benefit at all and since my account several K less they want to charge me RM80 per month service charge. Ask them to go fly kite. Overall the service was just OK. The only I kept is the Plat Card. Nowadays CIMB Preferred is a lot more agressive and coming up with more benefits/privelleges including preferential exchange rates at KLIA.

How is Maybank premier banking ?

This post has been edited by RJdio: Dec 23 2009, 12:58 PM

I love HSBC. They provide good services when I'm travelling overseas. No haste and pause in transaction. Besides they are giving me personal OD.

Standard Chartered just started this FOC TT between your Malaysia Standard Chartered account and overseas Standard Chartered this month. It is a complete new feature that comes exclusively with the Priority Banking service. The preferential rate is only applicable only when you transfer into your own account within the banking group.



All other banks impose a similar penalty to their Premier/Priority/Gold banking customers. As far as i am concerned, the penalty for HSBC Premier is the highest at RM150/month. The rest charge only RM80/month, if i'm not mistaken.



It really depends on what kind of service and banking products you are looking for really. If you want a bank with huge presence is Asia and at the same time offer you really good interest rate for regular savings/checking account, then the clear winner is Standard Chartered Bank. If you are looking at a bank that is very global, then the answer is either HSBC or Citibank. What CIMB Preffered offered is more like the benefit you can enjoy in Southeast Asia only and that is pretty much all.


Maybank calls it "Private Banking". Not sure how is the service though.


Agreed ! And they do not treat you differently just because you're just a mass market banking customer. They will still treat you in a very friendly manner and guide you through everything (if these is a need). I know certain banks employees that like to suck up to the high net worth customers. These people can kiss my butt

This post has been edited by MilesAndMore: Dec 23 2009, 03:17 PM

me & my younger sis share an citigold a/c, so far service is good as they will update with the market latest info and occasionally invite us for new products launching with dinner...