Standard Chartered is offering up to 90,000 KrisFlyer Miles for sign-ups to its Priority Banking and investment products before the 30th of September.
This promotion is quite similar to the DBS Treasures promotion that I posted about recently and it also requires a large sum of cash to benefit from the KrisFlyer Miles. For the Standard Chartered promotion you’ll need $S250,000 to get the maximum 90,000 Bonus.
- Fresh Funds of $S200,000 = 60,000 KrisFlyer Miles
- Invest at Least $S50,000 in investment products = additional 30,000 KrisFlyer Miles
You can find more about the promotion on the Standard Chartered Website: 90,000 KrisFlyer Miles with Standard Chartered Priority Banking Sign-Up
Personally I wouldn’t choose my own investment products based on a miles sign-up promotion, I would only see it as a bonus. Neither can I offer any financial advice as to whether this product would be for you. Having said that 90,000 is a better promotion than the DBS offering, for a lower value as well.
This is the breakdown of the promotion:
This Promotion is valid from 16 June 2014 to 30 September 2014, both dates inclusive (“Period”) and is open to new customers of Standard Chartered Bank (Singapore) Limited who meet the other requirements set out in the full version of the “Priority Banking New to Bank Welcome Gift Campaign Terms and Conditions” (“Eligible Customers”). 360° Reward Points (“Reward Points”) equivalent to the value of respective number of Kris Flyer miles shown in the table above will be credited into Eligible Cardholders’ eligible credit card account. The conversion charge of SGD 25 for conversion of these Reward Points into Kris Flyer miles will be waived. Eligible Customers may opt to receive gift vouchers worth up to S$1,440 instead of the Reward Points. Click here for full Terms and Conditions.
“Fresh Funds” refer to funds that do not originate from any existing account with the Bank and can be in terms of deposits in current/savings (funds placed in term deposits are not considered) and/ or investments offered by the Bank and is subject to the Bank’s assessment of product suitability for the new customer.