I'm part of CIMB preferred too. For me,she is not very smart but quite hardworking which turn out to be a good thing. Ask her any question and she tries hard to find the answer. On the other hand, my experience with those foreign bank are like above.

In the end, its not about the service but the product. Good product = you can make money and are aware of the risks and all the t&c's.

Anyone?

Public Bank is very low profile on its Red Carpet Banking, is anyone has information on this?

My CIMB Bank Manager today offer me to join preferred banking ?
is it really worth it?

Since they invite you then just take up the offer. No need to think too much.
Different people have different expectations of what their PB banking should be. And even the best PB in Malaysia may or may not meet those expectations. Try it and if you don't like it then just exit @ a later point of time.

This post has been edited by hye: Jan 9 2010, 07:51 AM

By all means, take up the offer. But be aware of the terms and conditions -eg for some banks, hefty fees will start appearing in your account when you drop below the qualifying criteria.

Thanks for your advice guys,
will see in monday

Public Bank Red Carpet Banking Centre (RCB) is located only in KL City main branch and KL Bukit Damansara branch.

Membership is strictly by invitation only. To be eligible for RCB status, you need to maintain a minimum balance of RM200,000 deposit/investment with Public Bank/Public Mutual.

PBB RCB clients will enjoy :
- Door-to-door service e.g. delivery of banker's cheque, fixed deposit receipts.
- Self-service refreshment counter.
- Waiver of selected bank's commissions.
- Free parking etc.

Indeed Public Bank doesn't make much noise about its Red Carpet Banking but it seems that they are planning to set up Red Carpet Banking centre outside of Kuala Lumpur soon. Saw an advertisement that they are now hiring Red Carpet Banking relationship managers to set up Red Carpet Banking centre in select Public Bank branches nationwide.

CIMB seems to have a lower entry requirement:

So an investment of 100K will qualify? Makes the other banks a lot tougher by comparison.

Without any investment or deposit commitment with them you will also qualified if you're holding a CC with CL more than 75k.

Mind sharing where you got the info? Seems very illogical

Yup, they've approached me before. But it needs to be a CIMB credit card with at least RM75k CL.

I was called by the RM from Plaza Damansara branch regarding this , and i accepted her offer since i need not commit any deposit or investment to CIMB. I received the " CIMB CLUB " card and subsequently they sent me another " CIMB Preferred " to replace the old one.

Weird, I never got any such calls from them before. Btw, what's the benefit of their PB? Any catch at all? Thks

There is no hidden charges for this PB as i have double confirm with my RM. i think the 75k above eligibility will be changed AFAIK no finance institution grants a customer PB status without commit any investment or deposit with them. No harm give a try right ? It doesn't cost you anything. You can try to contact their Preferred Centre and get more info about it
Some benefit are like Cimb Preferred Centres and Priority Lane for immediate banking in all their branches ,Negotiable rate on HP , Housing Loan and also OD, CIMB Preferred account which you can withdraw up to 10k cash in any ATM , unlimited in their preferred banking centre, Preferred parking etc..

Thks but since cancelled all their cards as their service does not strike me as impressive. Just curious how much difference can be expected from the PB, that's all.

Can I ask do HSBC premier customers have preferential forex exchange rates ? Secondly, which credit card do they offer (with a fee waiver) to thier customers.




This post has been edited by RJdio: Jan 12 2010, 04:37 PM

Yes. HSBC Premier customers will get preferential forex exchange rates. If you have access to HSBC online banking, you can check the latest exchange rates there. Say that you're a HSBC Premier customer, the exchange rate you get will be slightly better than the one shown in your online banking account.


HSBC Premier Mastercard.

They never approached me. Mines a World MC with RM100k CL with CIMB. Maybe I don't look rich enough kaka.

Put it this way, I had an Enrich World MasterCard with 300k limit & still not invited