The Example Of Invitation Card – The Example Of Invitation Card
The Singapore acclaim agenda bazaar can be about disconnected into three segments based on assets requirements.
At the $30,000 mark lie the entry-level cards. Anniversary fees (usually waivable) abatement in the $200 range, and there isn’t abundant in the way of added benefits.
A footfall aloft is the $120,000 segment, area anniversary fees ambit amid $500 and $700, and banks alpha to get austere about agenda perks. Cardholders can apprehend allowances like absolute lounge access, adulatory airport transfers, as able-bodied as appropriate dining and auberge privileges.
One added footfall aloft that is the alleged “$500,000 segment”, which is a bit of a misnomer because although some of these cards absolutely accept $500,000 assets requirements, others are invitation-only. Anniversary fees actuality are upwards of an agitative $3,000, for which cardholders can apprehend bespoke service, chargeless auberge stays, beck-and-call babysitter assistance, and invitations to absolute closed-door contest like watch shows and affluence car launches. Oh, and the anniversary fees are anxiously not waivable, so don’t abash yourself by allurement for one.
So absolute is this articulation that abounding of the offerings are not able-bodied known, but in this post, I’ll allotment with you what is accepted about these cards, their benefits, and what you accept to do to get one.
To authorize for a DBS Insignia, you charge an assets of at atomic $500,000, or a clandestine cyberbanking accord with DBS (minimum Assets Under Management: $1.5M). That, added an anniversary fee of $3,210, earns you a agenda that absolutely has your name on it — it comes laser engraved.
You’ll acquire 1.6 afar per dollar (mpd) locally and 2.0 mpd overseas, and get 100,000 afar added a two-night affluence auberge break at called exceptional resorts like the Six Senses, COMO, Taj or Banyan Tree as acceptable gifts.
Airport allowances accommodate an absolute Priority Pass associates as able-bodied as fast clue clearing at airports in Asia with SpeedPass.
In Singapore, you’ll adore a Club at the Hyatt associates which gives up to 50% off dining and appropriate allowance ante at Hyatt hotels worldwide. Cardholders will additionally adore adulatory admission to the gym and pond basin accessories at the Admirable Hyatt’s Damai Spa, with 20% off spa treatments and adulatory accumulation classes for yoga, pilates, and zumba.
UOB Reserve – The Four Best Absolute Acclaim Cards in Singapore | SingSaver
The UOB Reserve allows you to authorize in four altered ways:
Although belief (4) is affably ambiguous, it’s safe to say that belief (1)-(3) beggarly this is anxiously a agenda for the high band of society. If you accommodated the accomplishment criteria, advantageous a $3,852 anniversary fee will get you a UOB Reserve fabricated of Alpaca Silver. This gets you 100,000 afar anniversary year, added a account 100,000 afar if you absorb $250,000 over a 12-month period.
UOB Reserve cardholders acquire 1.6 mpd locally and 2.4 mpd overseas. Purchases at affluence merchants like Audemars Piguet, Bvlgari, IWC, and Hermes will additionally acquire a promotional amount of 2.0 mpd, capped at $20,000 anniversary month. UOB Reserve cardholders who still charge added afar can buy as abounding as they appetite (subject to their acclaim limit) at 1.9 cents anniversary through the UOB Reserve Payment Facility.
Each cardholder will accept an absolute Priority Pass, and UOB periodically offers appropriate tie-ups with airlines to accommodate upgrades. For example, cardholders can adore a one-way advancement to Aboriginal Class back they book a Business Class admission on British Airways to or from Singapore.
Access to the Sentosa Golf Club can be enjoyed by all cardholders, who additionally get a adulatory International Associate Club associates which allows admission to added than 200 across burghal and country clubs.
The best bling affair about the UOB Reserve? Cardholders who absorb at atomic $1M in a associates year will be upgraded to the UOB Reserve Diamond, which has an absolute design anchored in it (you may bethink this agenda for its “extinguishing” features…)This advancement comes with added benefits, such as a adulatory night break anniversary division back booking two or added after nights through the UOB biking concierge. The chargeless break alms is capped at $400 per night, unfortunately, so it’s absolutely beneath acceptable than the Citi Prestige’s fourth night chargeless account (which applies to any stay, whether it’s a $100 Auberge 81, or a $2,000 overwater alcazar at the St Regis Maldives).
Citi ULTIMA – The Four Best Absolute Acclaim Cards in Singapore | SingSaver
The Citi ULTIMA requires a minimum assets of $500,000 a year, or at atomic $5M AUM with Citibank. There’s a added $4,160 anniversary fee on top of that, which gets you 150,000 afar anniversary year you pay it.
Cardholders acquire 1.6 mpd locally and 2 mpd overseas, with no alteration fees to airline or auberge adherence programs. Both the arch and up to two added cardholders will adore an absolute appointment Priority Pass.
Citi offers the Airfare Privilege Affairs for ULTIMA cardholders, which grants a chargeless accompaniment admission back affairs a abounding book Aboriginal or Business Class admission on American Airlines, British Airways, Delta, Etihad, Japan Airlines, Lufthansa, Qantas and Qatar Airways. Do agenda this covers airfare only, not taxes and airline surcharges, so it’s not absolutely free.
If you’re traveling by yourself, you’ll adore a 15% extenuative on full-fare Aboriginal and Business Class tickets. Every Aboriginal or Business Class admission purchased with the ULTIMA is advantaged to adulatory airport accommodated and abetment services, as able-bodied as chargeless one-way airport transfers.
Cardholders can added adore a agreement of the APEC Business Biking Card’s $100 appliance fee, which grants expedited clearing in assertive countries. However, they’ll charge to absorb a minimum of $200,000 in the 365 canicule above-mentioned the application, which seems clumsily biased (these are your top clients, but you’re activity to nickel and dime them over $100?)
Like the UOB Reserve, the Citi ULTIMA additionally offers a adulatory night break with a minimum of two after nights appointed at over 900 accommodating properties. However, while the UOB Reserve caps this account at already per division (and at $400), the ULTIMA allows up to two adulatory nights per “outward apprenticed trip”, and no dollar amount cap.
Dining discounts of up to 20% are offered at high-end establishments like Restaurant JAG, Origin Grill and Bar, Shang Palace, and Zafferano.
AMEX Centurion – The Four Best Absolute Acclaim Cards in Singapore | SingSaver
If there’s one abstruseness agenda to aphorism them all, it’s the about allegorical AMEX Centurion, contrarily accepted as the Black Card. Officially launched in 1999, the agenda was a acknowledgment to burghal legends that broadcast in the 80s and 90s about a allegedly super-exclusive agenda that AMEX alone issued to billionaires and celebrities.
The accomplishment belief is as blurred as the agenda itself. High spenders on the AMEX Platinum Agenda are sometimes arrive to apply, but added often, this is a agenda which finds you, not the added way round.
The anniversary fee is a jaw-dropping $7,490 a year, and in the aboriginal year you’ll accept to pay an added $7,490 admission fee. $14,980 aloof to get your bottom in the door? It dwarves all the added cards we’ve mentioned here, although if you authorize for a Centurion, an admission fee that’s about a third of the anniversary average Singapore assets is not activity to appearance you.Surprisingly enough, the Centurion doesn’t accept decidedly acceptable afar earning rates. Cardholders get a paltry 0.87 mpd on all spending, with the barring of EXTRA merchants like Bulgari, Cartier and Tiffany & Co, area you acquire 7.1 mpd.
But no one gets the Centurion to acquire miles. You get it to adore a laundry account of benefits, including:
There’s a ton of added abstruse benefits, including a babysitter allegedly able of accomplishing annihilation (legal) for you and invitations to black-tie contest area the albino and admirable accoutrements breeze freely, but that’s the admeasurement of my knowledge.
If you’re acquisitive to get a Centurion, it may absorption you to apperceive that the absolute cardinal of associates in Singapore is allegedly capped at 1,500. That’s a amount from 2012 and may able-bodied accept changed, but answer to say this is the archetypal archetype of “if you accept to ask…”
You won’t be seeing advertisements (or SingSaver assurance up deals!) for any of these cards any time soon, but hopefully this helps to afford some ablaze on this ultra-exclusive segment.
If it’s any consolation, none of them are bare to comedy the afar bold right. In fact, it’s absolutely accessible to acquire a huge backing of afar by anxiously planning your spending and demography advantage of assurance up bonuses, alike if you alone authorize for entry-level cards. So button up, the afar bold is for everyone!
Read these next:SCB X Agenda vs Exceptional Acclaim Cards: Is It Worth Getting?6 Ways To Turbocharge Your Afar Hacking Game Top 6 Air Afar Acclaim Cards in SingaporeThe New KrisFlyer UOB Acclaim Card: The Good, The Bad and the UglyWhy Citi PremierMiles Visa May Be the Best Useful Afar Agenda in Singapore
By Aaron WongAaron started The MileLion to advice bodies biking bigger for beneath and affect “chiobu”. He was 50% successful. This is his story.
The column The Four Best Absolute Acclaim Cards in Singapore appeared aboriginal on Financial News and Advice in Singapore.
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