SCB Cathay MasterCard discussion

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Jul 7, 2021, 8:10 pm

#16

CX748

Join Date: May 2021

Programs: Cathay Pacific - Diamond

Posts: 38

Fancy new cards... but only eligible for welcome offer if you haven't held an SCB card in the last six months?

I guess that's most of Hong Kong disqualified then...

Jul 7, 2021, 8:20 pm

#17

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by Reply1984

https://www.sc.com/hk/credit-cards/cathay/

Here we go...

HT AmD950

SCB Priority Banking Cathay MC gets MPO SL

SCB Priority Banking Private Cathay MC gets MPO Gold

Last edited by percysmith; Jul 7, 2021 at 8:27 pm

Jul 7, 2021, 8:30 pm

#18

etkuo

Join Date: Jan 2007

Location: YYZ

Programs: CX GO, AC Aeroplan 25K, AMEX PLAT, Hilton Diamond, Marriott Titanium, IHG Spire Amb

Posts: 464

So if I read this right the MPC SL/GO is only a one time thing right? After one year they will still have to renew through normal means right?

Jul 7, 2021, 8:33 pm

#19

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by Sozee

Haha don't get your hopes high, there should be a cap on how much Club Points that can be earned just by spending.

100 Club Points max for 500K spend.

Rather low, I privately guessed up to a quarter of Gold i.e. 150 CP for GO, 300 CP for DM. Still not an avenue to running OWE.

Jul 7, 2021, 8:36 pm

#20

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by percysmith

3) Or they simply add a wordmark “Priority Banking” “Priority Private Banking” on the top left hand corner of the card similar to when they rolled out 360rewards. Same card stock for all banking tiers.

Because Air and Slide Cheap Bank: should’ve seen it coming - a match made in heaven.

All right, at least different card stock.

I think same BINs though, the benefits come from CX and the banking tier, not the card.

Jul 7, 2021, 8:39 pm

#21

SLGO

Join Date: Jan 2017

Programs: BA SL, CX GR, IHG Plat Amb

Posts: 582

Quote:

Originally Posted by Reply1984

https://www.sc.com/hk/credit-cards/cathay/

Here we go...

Is it just me? Don’t find the new cards attractive at all, no matter on the earn rate on miles / club points or the so called benefits when flying with CX. The “complementary” MPC membership for just 1 year is also not too meaningful.

I wonder how would these change upon the merging of AM and MPC next year.

Jul 7, 2021, 8:49 pm

#22

CX748

Join Date: May 2021

Programs: Cathay Pacific - Diamond

Posts: 38

Confirmed, existing card holders or Priority Banking customers need to cancel all their cards and wait 6 months before they can benefit from the welcome offers. Rather underwhelming.

Jul 7, 2021, 8:58 pm

#23

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by etkuo

So if I read this right the MPC SL/GO is only a one time thing right? After one year they will still have to renew through normal means right?

As published, offer only goes up to 30 Sep 2021. The offer may or may not be renewed in present form.

If it is, you can deploy the husband/wife tactic i and Missus Smith used to maintain one of us as GR and Plaza Premium access when Amex CX Elite was still a thing (guest (issue a supp) to the other).

For GO, I guess we have to agree to move HK$8M between us (no, she won't, not with that bank). We agreed almost as a pre-nup that we'd only maintain one joint account (which is thankfully not SCB) for outgoings, but park assets in each others' names (we are well versed enough with HK bank promos that joint name accounts get no promos)

Last edited by percysmith; Jul 7, 2021 at 9:09 pm

Jul 7, 2021, 9:05 pm

#24

etkuo

Join Date: Jan 2007

Location: YYZ

Programs: CX GO, AC Aeroplan 25K, AMEX PLAT, Hilton Diamond, Marriott Titanium, IHG Spire Amb

Posts: 464

Quote:

Originally Posted by percysmith

As published, offer only goes up to 30 Sep 2021. The offer may or may not be renewed in present form.

If it is, one can deploy the husband/wife tactic Missus Smith and I used to maintain one of us as GR and Plaza Premium access when Amex CX Elite was still a thing.

The GR from Amex CX Elite is different than this SL/GO offer though. If it's a permanent thing then it's a further devaluation of MPC. I bet half of CX HKG-based passengers can easily qualify for priority banking.

Jul 7, 2021, 9:06 pm

#25

CX HK

Join Date: Jan 2011

Posts: 2,346

Quote:

Originally Posted by percysmith

100 Club Points max for 500K spend.

Rather low, I privately guessed up to a quarter of Gold i.e. 150 CP for GO, 300 CP for DM. Still not an avenue to running OWE.

So do they give you 1 Club Point for every HKD 5000 you spend? I don't see any details on earning CP via this new card.

EDIT: Looks like it will be awarded for every HKD 100,000 spend / 20 club points. 100k is not an easy figure to hit... especially given the opportunity cost. And 20 CP is really very low.

Jul 7, 2021, 9:18 pm

#26

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by CX HK

EDIT: Looks like it will be awarded for every HKD 100,000 spend / 20 club points. 100k is not an easy figure to hit... especially given the opportunity cost. And 20 CP is really very low.

One Daytona or 11 iPads. If they count Paypal, I'll max out under four months.

Jul 7, 2021, 9:29 pm

#27

CX HK

Join Date: Jan 2011

Posts: 2,346

Quote:

Originally Posted by percysmith

One Daytona or 11 iPads. If they count Paypal, I'll max out under four months.

All this for 20 CP, which is just renewing MPC Green or 6.67% of the way to MPC Silver. However, I suppose this low rate is also good as it prevents status inflation.

Will SCB automatically cancel our current existing SCB AM cards and then send us the new SCB Cathay cards?

EDIT: And it seems that only Payroll, or SCB Premium (HKD 200k) or above are given annual fee waivers. I wonder if it will be at their discretion to waive for other members as well, similar to what they are doing now.

Jul 7, 2021, 9:37 pm

#28

sxc

FlyerTalk Evangelist

Join Date: Dec 2004

Programs: CX Green, QF Platinum, BAEC Silver, Hyatt Glob

Posts: 10,780

There doesn't seem to be much point to this card. The basic earn rate is worse than the Amex card, and the same as the Citi Prestige card. Amex and Citi cards can direct miles to multiple programs.

Will many people redirect their general banking to SCB because of this card? I don't think so.

Jul 7, 2021, 9:49 pm

#29

CX HK

Join Date: Jan 2011

Posts: 2,346

Quote:

Originally Posted by sxc

A few perks but I don't know if its enough to move the needle: can avoid annual fee, automatic crediting of AM to your MPC account (no expiry anyway), the possibility of earning Club Points (for those who are usually very close to a new tier or renewing and struggling to earn, it could be huge).