SCB Cathay MasterCard discussion

Reply Subscribe

Thread Tools

Search this Thread

Jul 7, 2021, 10:26 pm

#31

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 sxc

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

It might even cause me or my wife to commit a ritual massacre of all our SCB products and accounts, if the offer is made ongoing.

Jul 7, 2021, 10:33 pm

#32

sxc

FlyerTalk Evangelist

Join Date: Dec 2004

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

Posts: 10,780

Quote:

Originally Posted by etkuo

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.

You only get silver or gold once for one year. You need to qualify properly after that.

Jul 7, 2021, 10:36 pm

#33

CX HK

Join Date: Jan 2011

Posts: 2,346

Quote:

Originally Posted by sxc

I don’t see auto crediting of miles to CX as a bonus. It’s better to have the flexibility to send your miles to different programs if you need to.

Many friends prefer this as it is miles are made available instantly, without needing to wait a few days or even weeks for miles to transfer. Since by that time, maybe the seat is gone or another airline is better.

I guess auto crediting is good for people who prefer to stick with 1 airline program and don't want to do a lot of miles transferring, especially if it isn't instant.

Jul 7, 2021, 10:39 pm

#34

apsrinomecker

Join Date: Jun 2020

Posts: 19

Quote:

Originally Posted by CX HK

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).

for the priority banking version (which gives you 4 lounge passes per year as well as PEY check in and boarding as perks), the fee waiver is only for first year. After that, it is HK$4000. Who is going to pay for that?

Jul 7, 2021, 10:44 pm

#35

sxc

FlyerTalk Evangelist

Join Date: Dec 2004

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

Posts: 10,780

Quote:

Originally Posted by apsrinomecker

The fee waiver applies as long as your relationship balance meets the priority banking criteria:

Quote:

Cardholders can enjoy an annual fee waiver on their Cards if they are eligible Priority Banking clients and meet the relevant Average Daily Relationship Balance requirement as stipulated by the Bank from time to time

Jul 7, 2021, 11:55 pm

#36

xuukgo

Join Date: Oct 2016

Posts: 108

It seems they didn’t say how to handle existing asiamiles card holder, do we receive a new card or continue to use the original one?

And I assume the new card level has nothing to do with marcopolo status but only how much money you have with the bank?

Jul 7, 2021, 11:59 pm

#37

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 CX748

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.

MPO GO and SL is excluded from this
(Click into the application form)

"1-year Marco Polo Club Gold Membership
This offer is applicable to New Cardholder and existing clients of the Bank"

"1-year Marco Polo Club Silver Membership
This offer is applicable to New Cardholder and existing clients of the Bank"

Jul 8, 2021, 12:01 am

#38

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 xuukgo

It seems they didn’t say how to handle existing asiamiles card holder, do we receive a new card or continue to use the original one?

To be confirmed but I doubt they are going to undertake an immediate card replacement program. All existing Asia Miles cardholders retain their existing cards until replaced, cancelled or upgraded.

Quote:

Originally Posted by xuukgo

And I assume the new card level has nothing to do with marcopolo status but only how much money you have with the bank?

Correct

Jul 8, 2021, 12:04 am

#39

CX748

Join Date: May 2021

Programs: Cathay Pacific - Diamond

Posts: 38

Quote:

Originally Posted by percysmith

Sorry, I wasn't terribly clear. Existing card holders aren't eligible for the miles welcome offer. If you hold the existing Priority Banking Visa Infinite, SCB say you need to cancel it and wait 6 months to apply for the Cathay Priority Banking card. Seems rather cumbersome

Jul 8, 2021, 12:26 am

#40

sxc

FlyerTalk Evangelist

Join Date: Dec 2004

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

Posts: 10,780

Quote:

Originally Posted by percysmith

What do you mean by this? I think this is referring to the free Marco Polo status granted to the Priority and Priority Private banking customers?

If you are already Gold or Silver status, then you can gift the status to someone else.

Jul 8, 2021, 12:29 am

#41

leungti1

Join Date: Sep 2015

Location: Hong Kong

Programs: CX DM

Posts: 20

So I guess MCP status means nothing any more. I could be a DM without SCB bank account so I would only get the lowest tier card and needs to pay $2K annual fee a year.

Jul 8, 2021, 12:37 am

#42

CX HK

Join Date: Jan 2011

Posts: 2,346

Quote:

Originally Posted by percysmith

To be confirmed but I doubt they are going to undertake an immediate card replacement program. All existing Asia Miles cardholders retain their existing cards until replaced, cancelled or upgraded.

The new Cathay card already shows up in lieu of the Asia Miles card in the SCB banking app. However, the "add to Apple Pay" button does not show up.

Jul 8, 2021, 12:39 am

#43

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 sxc

What do you mean by this? I think this is referring to the free Marco Polo status granted to the Priority and Priority Private banking customers?

Yes. Unlike the welcome offer, you do not have to be SCB virgin to be applicable for this.

Quote:

Originally Posted by sxc

If you are already Gold or Silver status, then you can gift the status to someone else.

Must be someone else in your redemption list.

Quote:

Originally Posted by leungti1

So I guess MCP status means nothing any more. I could be a DM without SCB bank account so I would only get the lowest tier card and needs to pay $2K annual fee a year.

Not DM. Not published, anyway.
Is anyone here a SCB (non-Priority) Private Banking client?

Jul 8, 2021, 4:49 am

#44

lesteryen

Join Date: Jun 2004

Location: HKG, NYC

Programs: CX Marco Polo Gold, Hilton Diamond, IHG Platinum Ambassador, Marriott Gold

Posts: 170

I think based upon the Standard Chartered Bank Cathay Priority Banking Card, I think CX will cut lounge access for its MPO Silver members. Otherwise, they will not provide 4 non-transferable lounge access coupons to the cardholder.