From now till 31 July 2022, new-to-bank customers who open a HSBC Premier account through SingSaver can choose between an iPhone 13 Pro Max 128GB (worth S$1,799) or OTO Vanda VN-01 Massage Chair (SingSaver says it’s worth S$1,880, but you can really buy it for S$799).
Customers must deposit a minimum of S$200,000 in fresh funds by 15 August 2022 and maintain it until 30 November 2022. You can move the funds out of the account from 1 December 2022, but a minimum relationship balance of S$200,000 must be maintained with HSBC till 31 January 2023 when the reward is fulfilled.
HSBC Premier sign-up gift
To be eligible for the sign-up gift, applicants must not hold any products with HSBC Singapore and must not have cancelled any HSBC cards or terminated any HSBC Premier relationship in the past 15 months.
They will need to apply for a HSBC Everyday Global Account (Premier) by 31 July 2022 using MyInfo, with approval by 15 August 2022, and fulfil the following:
- Deposit at least S$200,000 in fresh funds by 15 August 2022
- Opt in to receive HSBC marketing communications
- Download and login to the HSBC Singapore app
- Open an Investment Account with HSBC via the HSBC Singapore app (Unit Trust, Equity, Bond or Structured Product)
The S$200,000 must be maintained in the Everyday Global Account until 30 November 2022, after which it can be moved into an investment and/or insurance portfolio from 1 December 2022. However, the total relationship balance must be maintained at S$200,000 until the reward is fulfilled, i.e. by 31 January 2023.
Don’t forget to complete the Rewards Redemption Form that will be sent to your email address from SingSaver- no form, no reward. The T&Cs can be found here.
HSBC Premier benefits
HSBC Premier customers enjoy the following benefits:
- Access to a Family Relationship Manager for holistic advice and recommendations
- Preferential rates on deposits, savings, and wealth products
- Complimentary consultations and assisted enrolment services regarding your child’s overseas education needs
- HSBC Premier status is retained at HSBC branches overseas
- HSBC Premier privileges can be extended to your spouse and up to three children
As a HSBC Premier customer, you’ll also enjoy a subsidised annual fee of S$488 (usually: S$650) on the HSBC Visa Infinite, which comes with 35,000 welcome miles. That’s paying just 1.39 cents per mile, a very decent price all things considered.
HSBC Visa Infinite cardholders who are also HSBC Premier customers will enjoy four complimentary airport limo transfers or expedited immigration clearances per membership year- no minimum spend required. Additional rides can be unlocked with S$2,000 of spending per month, which is one of the lowest requirements of any card on the market.
HSBC Visa Infinite cardholders (and up to five supplementary cardholders) also enjoy LoungeKey membership with unlimited visits to more than 1,100 airport lounges worldwide.
Cardholders earn 1 mpd on local spend and 2 mpd on foreign currency spend, which increases to 1.25 mpd on local spend and 2.25 mpd on foreign currency spend if they spend at least S$50,000 on the card in the previous year.
New-to-bank HSBC Premier customers can get an iPhone 13 Pro Max 128GB or OTO Vanda VN-01 Massage Chair when they open an account and deposit S$200,000 in fresh funds.
This offer is available to applications made by 31 July 2022, and don’t forget to open your investment account, opt in to marketing communications, and complete your SingSaver rewards form.
Any enquiries about this promotion should be sent to [email protected].