Not sure if this is correct.

My HSBC Premier card has "World" written on the top-left of the Mastercard logo, which according to Mastercard's website, is a way of identifying a World Mastercard.

Check out this link and click on "How Do I Know If I Have A World Mastercard?"

To answer your 2nd question, there is no fee to close your Premier account. HSBC does not charge the RM 150 immediately when your balance drops, they normally give a grace period of 3 months to top up failing which they will begin to charge. Those who continuously have balance below 200k for 12 consecutive months will have their Premier status removed.

Still not so sure ... May be yes, may be not. But isn't RM40k of credit line for a World Mastercard too low ? And the priviledges provided aren't any different to their Platinum Visa.

I seriously hope they would redesign their Premier Mastercard. It's like the most hideous designed exclusive credit card in the world.
Only if you close it within 3 months after opening, you'll then have to pay RM20.
I think it was tgeoklin and tinkerbell said the HSBC Malaysia issued Premier Mastercard isn't a "World Mastercard" in the last credit card thread ? Sorry if i quoted the wrong people.

So long you meet the HSBC Premier account T & C. But i think if you open and close your Premier account very frequently they might just blacklist you and decline your next application as i believe they are looking for something long term. Besides, your RM won't be too happy if you open and close your Premier account frequently. So my advice is that if you have just RM200,000, you probably shouldn't open a Premier account first. Besides, who knows when they will revise the minimum deposit again for their Premier account. It could be very bothersome if they increase the minimum deposit then you'll have to change your account number this and that. I personally knows several people that have deposit inside HSBC that is much more than the minimum limit to qualify for Premier account but they still insist to stay on PowerVantage.

@Aggronax,
Public Bank's Red Carpet Banking is by far the easiest PB to obtain. If I ain't mistaken, U only need RM100k before U quality but the bank doesn't really do much to invite their customers.  Mom's been banking with them for eons and it was only when i stumbled upon their website and this Red Carpet thingy that I told her and she went in asking for it.

Their Red Carpet centre's based only at Damansara Heights but what's good about having the card is that when u walk into any other PB branch, u do not need to queue.  Just flash the card and u'll be next in queue  

No other tangible benefits that I know of - don't even use it cause muahahah banking at PBB's done by mom!!

dearie, r they giving u only visa infinite?