I received a 0.15% brokerage comms promotion from SCB earlier this year which was valid till the end of the year. Recently, I received an invite from SCB to sign up for Priority Private in order to extend this promotional rate for another year. As the stock market has been kind to my portfolio, I had enough to qualify.
While some of the benefits depend on holding the requisite SCB credit card (unfortunately Milelion doesn't rate their cards highly and I agree they are not the best), the brokerage comms and the airport transfers do not require an SCB card. The transfers are limited to 2 per quarter, which is fine. Since I stay in the West, that's an approximate savings of $30 per trip. Had the opportunity to book a transfer, got a premium MPV instead of S-class but still more comfortable than a Prius.
In summary, I think SCB Priority comes with real benefits (online trading no min comms + lower comms), and if your online trading is successful, you get even more benefits without ever needing to buy overpriced investment products from your RM.
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