Hsbc glt salary
CC Recommendation
2024.05.18 17:44 EnthinoVendi CC Recommendation
I have been lurking around this sub for some time and i feel i can optimize to get more rewards. I have two cards as of now 1. SBI Prime, limit 1L 2. Scapia, limit 40k Salary:17.5 CTC
Yearly Expense: 50k insurance, 20k bus tickets, 20k flight ticket, 90k trip(international trip tentative), 50k domesric trips, 45k utility bill, 70k grocery, 100k dining/food. Cibil score:776
Recently got 7k voucher for 5L milestone on prime and 2% cashback as scapia coin for almost all expense.
I have my salary account in hsbc but no credit card from them.
I would like to get some recommendations from this sub folks. Highly appreciate any helps from you folks.
submitted by EnthinoVendi to CreditCardsIndia [link] [comments]
Yearly Expense: 50k insurance, 20k bus tickets, 20k flight ticket, 90k trip(international trip tentative), 50k domesric trips, 45k utility bill, 70k grocery, 100k dining/food. Cibil score:776
Recently got 7k voucher for 5L milestone on prime and 2% cashback as scapia coin for almost all expense.
I have my salary account in hsbc but no credit card from them.
I would like to get some recommendations from this sub folks. Highly appreciate any helps from you folks.
2024.05.16 06:31 golu2499 Corporate Salary Account
I have recently joined a consulting firm in Delhi. My corporate salary account options are ICICI, Kotak and HSBC. I want to know which account should I opt for considering I’m looking to check yes for credit card.
I am unsure if this comes in for credit cards but my CTC is close to 32LPA. I also want to know if I can opt for better credit cards with this salary.
Any input in appreciated, thank you.
submitted by golu2499 to CreditCardsIndia [link] [comments]
I am unsure if this comes in for credit cards but my CTC is close to 32LPA. I also want to know if I can opt for better credit cards with this salary.
Any input in appreciated, thank you.
2024.05.15 19:05 TightAsF_ck The BeermoneyUK Bank Switch Offer Guide (AKA The Bankedex) - May 2024
The title of the previous Bankedex has been making people think it only contained offers for NI. So here it is again, with all the current offers and with a more generic title. There are currently 5 active bank switch offers (and only one is specific to Northern Ireland!).
*****************
Here is the the ultimate guide to UK bank switch offers - the collective knowledge of ~140k BeermoneyUK members. Switch your bank account, get a cash reward for doing so. But don't switch your main account, open up a second account and switch that to get the money!
Updated 15/05/2024:
The most commonly asked bank switch questions:
Questions about Bank Switching should generally be asked here. Posts on the subreddit asking questions about bank switching will probably be removed.
The post has been updated with the newest offers, and tips commented in the previous Bankedex posts, and those in other posts on beermoneyuk. But it is a difficult task keeping on top of all the questions. Please continue to share your experience with Bank Bribes. I will add questions/answers to this post. Your help is much appreciated - thanks to you all.
You should consider it. It is one of the easiest and most efficient ways of earning a little beermoney. It is advised to leave your main bank account alone. Instead, switch a secondary bank account, or open a new account at your current bank to be used just for switching. Recommended steps:
Whilst we do our best to make sure things are correct, sometimes errors do slip through. Always do your own research. Also, it may not be possible to work through all of these.
submitted by TightAsF_ck to beermoneyuk [link] [comments]
*****************
Here is the the ultimate guide to UK bank switch offers - the collective knowledge of ~140k BeermoneyUK members. Switch your bank account, get a cash reward for doing so. But don't switch your main account, open up a second account and switch that to get the money!
Updated 15/05/2024:
The most commonly asked bank switch questions:
- I started to switch to XXX bank before the offer ended, am I still eligible for the bonus?
Yes, usually, most terms will state that a switch just has to be started (or applied for) before the end date or before an offer ends.
- Do I have to transfer the required amount in all in one go, and does it matter if I pay money in before my switch is complete?
No and not usually, as long as the amount you pay in adds up to the required amount, and as long as you pay it in before the deadline stated in the terms. There has been one exception to this - Co-op - so check individual terms.
- I need to switch "active" direct debits, does a payment need to have been taken before I switch?
According to Nationwide, an active direct debit is one that has been set up or had a payment taken from it in the past 13 months. So no, according to this. But why not just wait for the direct debit to be taken? You'll not have to worry about it then.https://twitter.com/AskNationwide/status/1442939781491486720
- How do I set up and switch an additional Chase current account?
- See Chase instruction here to open an additional account.
- The second account will be linked to the same card as your main Chase account.
- Use the secondary account details and your original card details when switching.
- See Chase instruction here to open an additional account.
- What are the easiest/best direct debits to use for bank switching?
There are many: Paypal, Ebay, Moneybox savings account, Plum savings account, your credit card, Sprive Mortgage auto savings, Wealthify Robo Saving. We recommend ones that save money into an account in your own name. Here’s useful ones that have additional bonuses available via beermoneyuk
| Site/App | Offer | Comment |
|---|---|---|
| Park Christmas (Search) | Save for Christmas via direct debit | |
| Plum (Search) | A very useful direct debit | Easy and fast to set up |
| Sprive (Search) | Autosavings for mortgage overpayment direct debit (£5 bonus) | Easy and fast to set up |
| Wealthify (Search) | A very useful direct debit (£1/month min) | Easy and fast to set up |
As always with the Bankedex, we need your help.
Current bank switch offers (£551 in total)
| Bank | Bonus | Offer Deadline | Comment |
|---|---|---|---|
| Barclays | 31k Avios for £48 spend | None | £100 profit, Requires premier banking |
| First Direct | £175 to switch | None | |
| Danske Bank | £175 to switch | Northern Ireland only | |
| Santander | £175 to switch | None | £15 extra available |
| Virgin Money | £100 to switch | 31/05/2024 | 10% gross interest rates boost to 12% on £1k for 1 year (~£120 total) + extra £30 via Snoop |
No switch, just sign up bank switch offers
| Bank | Offer | Comment |
|---|---|---|
| Tide (click for details) | Spend £100, get £75 cashback | A beermoneyuk staple |
| Monzo (click to search) | Spend £1, get £5 or £50 | £50 is for a business account |
| Starling (click to search) | Free National Trust Day Pass |
Never switched a bank account before?
- Open a second current account with your main high street bank (must be part of CASS service)
- Set up direct debits on the second account (if required).
- Add £1 to your second account. This will be transferred to your new account, allowing you to see when the switch has been completed.
- Apply for a new account and arrange to switch to your second bank account (sometimes this is during the application process, other times it is after the account is opened).
- Let the current account switch service take care of everything.
- Make sure all other terms are met (e.g. pay in money if needed).
- Receive your bank switching bonus.
Are there some bank accounts worth keeping?
Why yes. Some are quite good, and give ongoing rewards. For example, Club Lloyds gives free Disney Plus. See the "don't leave us please" bank rewards post. Some also give access to the best savings accounts (e.g. regular savers).Detailed switch offer information
Barclays
Current offer: 31k Avios for full switch to Premier Banking, and paying £12/month for “Avios Rewards” for 4 months - works out around £100 profit when converted to Nectar points.
Direct link to offer (scroll down)Offer end date: None listed
These are premium accounts, supposed to be for those with £70k+ salaries. However, cycling £4201 each month also appears to do the job
- You must switch to Premier Bank account.
Requirements:
Reward payable by: 1.5k Avios each month for Avios Rewards, 25k Avios paid in month 4 for the switch.
- Open a Barclays Premier bank account & join Avios Rewards (£12/month fee), or
- Complete a full switch from a different bank (you do this from within the app, after opening the account).
Available to existing customers: No.
Additional notes: it can be worth doing the Barclaycard Avios Plus offer at the same time, as you will get a discount on the credit card fee.
Danske Bank
Current offer: £200 for full switch
Direct link to Danske Bank offerOffer end date: No end date given, may be removed at any time.
- You can switch to their Danske Reward, Danske Choice or Danske Freedom current account.
Requirements:
Available to existing customers: only if you are a new personal current account customer. .
- Full switch (no direct debits mentioned).
- After opening account, pay in £1000 within 60 days (can be multiple deposits)
- You cannot have had a Danske Bank reward since 01/01/2024
How long does it take to pay the bonus: paid within 10 days of meeting requirements.
First Direct
Current offer: £175 when you switch
Direct link to First Direct offerOffer end date: No end date given, may be removed at any time.
- You can switch to their First account.
Requirements:
How to do it: Once your first direct account is open, simply log into your first direct app, select the account you wish to transfer into, tap ‘switch to us’ from your account menu and follow the instructions.
- Full switch (two direct debits or standing orders are required).
- After opening account, log in to mobile banking, pay in £1000, and make 5 debit card payments within 30 days.
- You cannot have had a 1st Direct account before.
- You cannot switch if you have an HSBC account opened after 01/2020
Available to existing customers: No. Also can't have had a HSBC account opened since January 2018.
How long does it take to pay the bonus: paid by the 20th of the month following that in which you met all of the criteria.
Santander
Extra £15: You can get an extra £15 by signing up to a Santander Edge account via Topcashback. If you don't have a Topcashback account, you can sign up here:
Topcashback sign up + Additional £10 BonusCurrent offer: £175
Direct link to offerOffer end date: None given
You can switch to any of these paid current accounts: Santander Edge current account, Edge Up, or the Private Current Account
Requirements: Full switch.
Reward payable by: between 60 and 90 days after opening the account.
- Apply to switch when you apply to open the account (or existing customers can just switch into an existing qualifying current account).
- Complete switch of a non-Santander account, set up 2 active direct debits, and pay in £1500 within 60 days of applying/telling Santander you want to switch. Must keep direct debits active on account
- Cannot have had a Santander-group bonus previously (Santander, Cahoot, Cater Allen)
Available to existing customers: Yes (can switch a non-Santander group current account into a new or existing Santander account). Existing customers may need to visit a branch.
Virgin Money
Current offer: Extra 10% interest on £1k for a year (~£100 bonus)
Extra £30: You can get an extra £30 by signing up to Virgin via Snoop (you need to connect your Virgin account to Snoop). If you don't have a Snoop account, you can sign up here for an additional fiver too:
Snoop £5 sign up bonusOffer end date: apply by 31/05/24
Direct link to Virgin Money offer
- You can switch to their M Account (free, ~10% interest total, gross), M Plus Account (free account, ~12% interest total) or Club M Account (costs £12.50/month for insurance and stuff, ~12% total, is one of the best value package accounts - especially if a joint account)
Requirements:
Available to existing customers: No. And can't have closed an account since 30/04/2024
- Full switch (two direct debits required as part of the switch).
How long does it take to pay the bonus: interest is paid monthly, so a a year to get it all!
General Bank Switch Questions
Current Account Switch Bribes - Why do they offer them?
They want your business. Banks like fighting each other for customers. Most of them know they can't win by highlighting their outdated systems and products, so they fight each other by offering potential customers cash bribes (or equivalent) to switch their "main" bank account.
Can I switch any bank account to get a bribe?
No. You must switch a bank account that is part of The Current Account Switch Service (CASS). Most high street banks are included. But some Neo Banks are not (e.g., Kroo, Revolut, & Monese are not included). You should try to avoid switching your main bank account. You can always open an additional account just to switch.
See here for a full list of CASS banks.
Is it too much hassle?
No. The Current Account Switch Service (CASS) makes switching your account between most banks smooth and effortless. You do not have to do anything apart from apply for and set up a new account at a different bank and tell them you want to switch your account to them. Everything is transferred automatically (except recurring card payments).
Is there the best route to sample all the banks with switch offers?
Do the offer ending soonest first. Then you might switch again. If you complete all offers in this post, you could earn yourself >£1000.
Some of these end soon. Will the offers come back?
Banks have been offering bribes on and off for many years. We can't predict the future. But this is not a new thing.
How long does a bank switch take?
Approximately one week.
Do I have to switch my main account?
You could. But you don't have to. Many people have second bank accounts. One option may be to open up a second account with your current high street bank, add some direct debits to this second account and then switch it to the new bank you want to try out. On the sub, people also like Starling or Monzo as they are easy to set up (but you might want to switch back to them at the end - their functionality wins vs any usual high street bank).
High-street banks also let you open multiple accounts. If you already have an account with one, you might want to open an additional one with your current bank first (Halifax, NatWest etc are reported to allow several current accounts and to be fast to open).
I have savings accounts at the same bank as my current account. Can I still switch to this current account?
Yes. Only the current account will be closed (some linked regular savers may be converted to normal savings accounts). You might want to consider if switching to a secondary account is a better option.
I have linked savers attached to my current account. Can I still switch it?
Possibly.
Which banks let me open a second bank account?
Most of them.
Do I need to activate the card on the account I am going to switch?
Just do it anyway. Some banks require it
What details do I need to switch?
- Sort code and account number.
- Debit card information.
- Usually, but not always, 2 active DDs on the account you are switching.
Do you need to have money in the account you are switching?
No. But it might be a good idea - this will allow you to see when the switch happens (i.e. when the money is transferred!).
I do not have a bank card with my old current account as it is very very old, can I still switch it?
Most online forms require card details, but you can usually switch such accounts over the phone.
My new bank has not given me my account number (e.g. NatWest).
Usually, these are sent via post/email when you sign up. But some banks don't have the account numbers on the card, or maybe letters get lost in the post. If this happens, wait for the card to arrive and contact their support. If you get a bot on the chat thing, type "speak to a human" repeatedly.
My new bank account is a premium account and it has a fee. Do I need to keep paying for this?
No. You can downgrade the account. But you should probably wait until you have been paid the bonus.
I don't like my new bank, do I need to wait for the bank card before switching again?
Yes. See question above. Most banks require the card details of your existing account.
I made an account just to switch. Can I switch before my new bank card arrives?
Best not to. You are asked to enter the debit card information as part of the process.
The offer says I have to pay in £xxxx. Does it have to be in one go?
No. You can transfer in and out. The total sent in has to be equal to or greater than the stated amount. You should be careful with this though, sending money in and out of an account can trigger anti-fraud measures.
The offer says I have to pay in £xxxx. Can I pay it in before the switch completes?
Yes. You can pay it before, after, or during. You can manually transfer it, or it can be transferred automatically from your old account.
I've been asked to verify my identity. Is this normal?
Sometimes automated checks fail. If this happens, you may be asked to manually verify your application by visiting a branch or sending in a copy of your ID.
I switched from Monzo/Starling and want to return, can I?
Starling does not let you return within 12 months. With Monzo, it's possibly a shorter one month that you have to wait.
Do I have to switch direct debits?
Check individual offer terms.
What is an "Active" direct debit?
An active direct debit is usually one where a payment had been taken in the last 13 months. But some bank switch terms require direct debits to have been paid out of the account. If an offer requires an active direct debit, it's safer to switch to an account that has already paid out direct debits.**
What are good direct debits to set up on a second account?
There are many: Paypal, Ebay, Moneybox savings account, Plum savings account, your credit card, Sprive Mortgage auto savings, Wealthify Robo Saving.
I recently switched to XXX Bank, and I do not like it. Can I switch again?
Yes. If you are not happy with the new service, you may want to switch to a new bank that will pay you to give them a try.
Do I have to stick with my new bank for any length of time?
No.
If I switch away, will the bank claw back the bonus?
Very unlikely. They would have to specify this in their terms, and none have ever done so.
My switch is complete, but I have not yet received my bonus. Will I still get the bonus if I switch this account before it is paid?
Probably not.
My most recent switch is not quite complete, but I have already received the bonus. Can I start another switch?
You should probably wait for the switch to complete.
Can I get more than one bribe from each bank?
Sometimes. With some banks (e.g. Nationwide), you can get a bonus for switching one sole and one joint current account. Other banks will pay you to switch again, as long as you have not had a bonus in a specified amount of time. You will need to check individual offer terms.
XXX Bank gave me a bonus before, can I get a bonus again?
You need to check the individual offer terms.
Will this affect my credit score?
Credit scores are a funny thing, What is more important is what is actually in your credit file. Obviously, if you apply for an overdraft then it will affect your "credit score". However, if you do not have an overdraft or you make sure that you have paid off any overdraft before switching banks, then a single current account switch should not negatively impact your credit score. Nevertheless, typically all major banks (excepting Monzo and Starling) do a hard credit search, and this will be recorded on your file. If you plan on applying for a new mortgage soon then you may wish to exercise caution in switching between a load of banks. This is because the hard searches performed by banks will appear on your report and may have an effect for 6-12 months.
Which banks do hard searches and which do soft searches??
See here. Most banks do hard searches.
- Hard searches: Bank of Scotland (first account only), Barclays, Co-op, Clydesdale, Halifax (1st account only), First Direct, HSBC, Lloyds (1st account only), Monzo, Nationwide, NatWest, RBS, Santander, TSB, Ulster, Virgin Money.
- Soft searches: Starling, Metro Bank, and Chase
I have a bad credit score, will I be accepted to XXX bank?
Unfortunately, we do not know the acceptance criteria of the banks. You might be unlucky with one bank, but lucky with another.
My application was rejected. Why?
Nobody here knows. You could try appealing, but your only way to find out more is to contact the bank.
After switching my account, I still have online banking with my old provider. Do I need this?
No. You do not need to keep the online access (you could shut it down). But you may wish to retain these details in case your old bank suddenly appears with an offer that makes you want to switch back. Or open up a savings account.
Has anyone else been paid for switching to XXX Bank yet?
Check the terms of the offer you signed up for. Some banks have long deadlines and stick to them (e.g. Santander, TSB). Some are quicker. If you haven't been paid within the stated terms, then you should contact the bank's support.
2024.05.15 09:38 CaravanOfDeath New visa rules force HSBC and Deloitte to withdraw UK job offers. Government has brought in higher salary thresholds for skilled workers as part of efforts to cut migration figures
submitted by CaravanOfDeath to ukpolitics [link] [comments]
2024.05.14 13:35 Head-Taro-7546 Fund choices, protected pension age, MMFs
Nearly 47M, salary 75k, 435k in pensions:
390k in Aviva DC, contribute 21% total pm, invested in Aviva Pension BlackRock US Equity Index Tracker FP 13% Aviva Pension BlackRock World ex UK Equity Index Tracker FP 11% Aviva Pension Global Equity FP 13% Aviva Pension HSBC Islamic Global Equity Index FP 40% Aviva Pension North American FP 23%
45k in old SW pension, split over 5 global/US equity funds.
Wife 48 has DB pensions from public service jobs covering ten years and 3 years in DC 20k.
110k left on mortgage, due to be paid off when I'm 57. 3 teenage kids. Hoping to retire 55 or no later than 57 on 45ish k and have enough to give kids at least 50k each for mortgage deposits.
Is my choice of funds too risky and focused, especially with 40% in HSBC Islamic equity fund ie about 40% invested in magnificent 7?
I'm confused about protected pension age. My Aviva pension appeared to be in a category that wasn't protected so I thought I'd check the SW one. I was told over the phone that this change was for specific pensions and I wouldn't be affected. She said this would also be the case for my Aviva one as she had checked for her own benefit. She also seemed to suggest that the change would be delayed so I wouldn't be caught in any case. Is this correct?
I'm planning to move 5-6 years worth of Aviva pot into maybe money market funds 5 to 6 years prior to retiring. Is this wise and do Aviva even offer them as I can't see them as an option?
Many thanks in advance if those more clued up than I have the time and patience to respond!
submitted by Head-Taro-7546 to UKPersonalFinance [link] [comments]
390k in Aviva DC, contribute 21% total pm, invested in Aviva Pension BlackRock US Equity Index Tracker FP 13% Aviva Pension BlackRock World ex UK Equity Index Tracker FP 11% Aviva Pension Global Equity FP 13% Aviva Pension HSBC Islamic Global Equity Index FP 40% Aviva Pension North American FP 23%
45k in old SW pension, split over 5 global/US equity funds.
Wife 48 has DB pensions from public service jobs covering ten years and 3 years in DC 20k.
110k left on mortgage, due to be paid off when I'm 57. 3 teenage kids. Hoping to retire 55 or no later than 57 on 45ish k and have enough to give kids at least 50k each for mortgage deposits.
Is my choice of funds too risky and focused, especially with 40% in HSBC Islamic equity fund ie about 40% invested in magnificent 7?
I'm confused about protected pension age. My Aviva pension appeared to be in a category that wasn't protected so I thought I'd check the SW one. I was told over the phone that this change was for specific pensions and I wouldn't be affected. She said this would also be the case for my Aviva one as she had checked for her own benefit. She also seemed to suggest that the change would be delayed so I wouldn't be caught in any case. Is this correct?
I'm planning to move 5-6 years worth of Aviva pot into maybe money market funds 5 to 6 years prior to retiring. Is this wise and do Aviva even offer them as I can't see them as an option?
Many thanks in advance if those more clued up than I have the time and patience to respond!
2024.05.14 12:50 Rich-Ad-2876 I need help on deciding which company should I choose
Anytime pwede na po ko magcontract singing sa Alorica. May 30 naman start ko sa Conduent pero wala pa sakin ang contract (kasi may health condition ako na nakapagprevent sakin magkaroon ng FTW). May 23 Final Interview naman sa HSBC.
May sakit S/O at nakapangalan sakanya yung mga utang namin.
I can't really decide kung magaantay pa ba ko sa non voice ng Conduent (24k+ pay once tenured) or Alorica na non-voice sa Centris (19k once tenured) or antayin yung HSBC.
Need ko tulungan S/O sa malaking utang niya kasi nagbenefit din ako sa money niya but at the same time di namin mababayaran ng ganon kalaki since nagkasakit sya.
Dapat ko na bang isign yung Alorica kasi sya pinaka avail pero hindi ganoon kataas ang salary? Or magantay pa ko sa mas mataas sa salary?
submitted by Rich-Ad-2876 to BPOinPH [link] [comments]
May sakit S/O at nakapangalan sakanya yung mga utang namin.
I can't really decide kung magaantay pa ba ko sa non voice ng Conduent (24k+ pay once tenured) or Alorica na non-voice sa Centris (19k once tenured) or antayin yung HSBC.
Need ko tulungan S/O sa malaking utang niya kasi nagbenefit din ako sa money niya but at the same time di namin mababayaran ng ganon kalaki since nagkasakit sya.
Dapat ko na bang isign yung Alorica kasi sya pinaka avail pero hindi ganoon kataas ang salary? Or magantay pa ko sa mas mataas sa salary?
2024.05.13 08:33 abcdefghijken what should i choose for my first credit card?
leaning towards hsbc revolution/standard chartered journey credit card/lady card using moneysmart.sg
any other recommendations? nothing too complicated, not financially savvy. would like to get miles, don't want annual fees
i spend 1k-2k/month mainly on (from biggest spending to lowest)
will spend more if i do travel overseas
single, not married, so all expenses are only for myself, early 30s
should i even apply for credit card? since i do spend money on those things i've mentioned monthly without fail?
thank you!
submitted by abcdefghijken to singaporefi [link] [comments]
any other recommendations? nothing too complicated, not financially savvy. would like to get miles, don't want annual fees
i spend 1k-2k/month mainly on (from biggest spending to lowest)
will spend more if i do travel overseas
- games microtransactions (apple store)/steam games
- food at restaurants/grabfood
- shopee (electronics, etc)
- groceries
single, not married, so all expenses are only for myself, early 30s
should i even apply for credit card? since i do spend money on those things i've mentioned monthly without fail?
thank you!
2024.05.12 17:27 davide1002 Number of Bank Accounts Active
Does having a number of personal current accounts active cause issues for lenders, or on credit applications or your credit score?
for example,
I have the following accounts,
Digital Banks,
High Street
Before you ask the closed accounts are mostly due to me trying to get the best account for me at the time
Would this or the active accounts cause any issues for credit applications?
https://ibb.co/ZBbStyr
submitted by davide1002 to UKPersonalFinance [link] [comments]
for example,
I have the following accounts,
Digital Banks,
- Chase UK
- Kroo - direct, debits and salary
High Street
- TSB Spend & Save
- HSBC Basic - Savings
- SuitsMe - Backup Account with £100 in it
Before you ask the closed accounts are mostly due to me trying to get the best account for me at the time
Would this or the active accounts cause any issues for credit applications?
https://ibb.co/ZBbStyr
2024.05.12 11:35 GoodAcanthocephala77 Which bank is best for salary account transfer in UAE?
I'm using HSBC for my salary, it's been 2 years but I think it doesn't have any advantage when it comes to salary account. As far as I know, banks offer different packages for salary transfer, and also some of them have good privilages for salary accounts. What do you recommend for the salary transfer?
Salary is between 25-30K AED per month.
submitted by GoodAcanthocephala77 to UAEcreditcards [link] [comments]
Salary is between 25-30K AED per month.
2024.05.11 15:44 Ecstatic-Survey-5691 Creating a credit history in the UK as an immigrant - Some stuff that worked for me and an attempt to find out if something better exists
I recently (2 months back) moved to the UK from India. As several people in this forum have discussed, though I had an excellent credit history in India, I had to start from the scratch here. A lot of people have suggested in several places that the credit score does not really matter, but credit history does. My experience suggests that it is extremely important. I always maintain part of my emergency liquidity requirements through a credit limit (Which under normal situations, I dont use much and have always repaid in full). I checked my eligibility (using soft checks because I did not want to unnecessarily damage my credit score) with multiple credit cards and overdraft accounts. The fact that I have neither a credit history nor a 3 year address history in the UK is a dealbreaker for most CCs and OD providers and I am unable to get even a nominal credit account. Since a longer history of credit is one of the primary determinants of credit score it becomes kind of a chicken and egg problem in terms of establishing and improving a credit history. I have tried multiple products and am still trying to figure out a solution. It is important to me and possibly to others travelling similar paths because, when I lave to buy a car on lease/rent or emi or to buy a property on mortgage, with a low credit score, I am unlikely to be offered anything. Also at that point of time, if I have to try several providers, they will do several credit checks which will hurt my already not great credit score. So I would like to build up a healthy credit score for myself as soon as possible. So any comments on things I can do are welcome. At the same time, I wanted to leave a record of what I have tried so others dont have to reinvent the wheel and can figure what worked for me. To give a bit more info on my credit profile, I am in my early thirties, married and working at an Indian company (earning in INR and working remotely here ) and looking for a job here. My wife is working in the NHS and draws a higher than median salary. We have no dependents and rent from the hospital trust where she is working.
Firstly, I tried to figure if someone is providing a secured credit card (A credit card secured against a Fixed Deposit of the same amount of savings account maintained in the bank). I have been unable to find any. Even if such a product is listed in the offerings of some providers, they are unwilling(/unable due to regulations?)to provide them to me since I do not have sufficient history (typically 3 years) of staying in the UK. If anyone is aware of such a product which will let me get a credit line (amount does not really matter), please do let me know.
Secondly, my wife was able to get a credit card from HSBC bank. They are able to get her credit score in India and were able to offer her a starting credit card (with 1000 GBP limit) immediately on starting her account. To the best of my knowledge and as shared by the manager, this facility is available only with HSBC. Unfortunately, they need a letter from the employer in order to get started with the same. So I cannot follow that route. But it is a valid route that you can try if you are in similar straits and have a job and can get a letter from your employer to that effect.
Next, I have tried several banks to get a OD account/credit card account started. This has not worked for me. If anyone is aware of such a provider which will let me get a credit line given my special circumstances, please do let me know. I have done soft checks on several credit card providers and been declined by every one I tried. The lack of prior address in UK does not even allow me to complete the form in most cases. I recently found that the Tesco credit card accepts a address outside UK (not sure if any other cards do) and have applied for one. I will update the post once I know if that works.
In case Tesco is providing me a credit line, I plan to use it keeping my limits less than 25% of the offered credit line and keep replaying in full on time for developing a healthy credit history. In case they decline, I plan to try loqbox or such a similar product to help me.
I have already applied for the right to vote and been added to the register since I am from a common wealth country. If you are in similar straits, do so if you can because it improves your credit score from what I read. I have taken a mobile plan which renews automatically every month. But have not tried to get a handset and a credit plan because I am unsure whether they would be willing to give me credit given my credit history. Does this help the credit score and any further info on this route is appreciated.
Please do let me know if there is anything else I can do. Hope others in similar straits ca get some answers and directions here.
submitted by Ecstatic-Survey-5691 to UKPersonalFinance [link] [comments]
Firstly, I tried to figure if someone is providing a secured credit card (A credit card secured against a Fixed Deposit of the same amount of savings account maintained in the bank). I have been unable to find any. Even if such a product is listed in the offerings of some providers, they are unwilling(/unable due to regulations?)to provide them to me since I do not have sufficient history (typically 3 years) of staying in the UK. If anyone is aware of such a product which will let me get a credit line (amount does not really matter), please do let me know.
Secondly, my wife was able to get a credit card from HSBC bank. They are able to get her credit score in India and were able to offer her a starting credit card (with 1000 GBP limit) immediately on starting her account. To the best of my knowledge and as shared by the manager, this facility is available only with HSBC. Unfortunately, they need a letter from the employer in order to get started with the same. So I cannot follow that route. But it is a valid route that you can try if you are in similar straits and have a job and can get a letter from your employer to that effect.
Next, I have tried several banks to get a OD account/credit card account started. This has not worked for me. If anyone is aware of such a provider which will let me get a credit line given my special circumstances, please do let me know. I have done soft checks on several credit card providers and been declined by every one I tried. The lack of prior address in UK does not even allow me to complete the form in most cases. I recently found that the Tesco credit card accepts a address outside UK (not sure if any other cards do) and have applied for one. I will update the post once I know if that works.
In case Tesco is providing me a credit line, I plan to use it keeping my limits less than 25% of the offered credit line and keep replaying in full on time for developing a healthy credit history. In case they decline, I plan to try loqbox or such a similar product to help me.
I have already applied for the right to vote and been added to the register since I am from a common wealth country. If you are in similar straits, do so if you can because it improves your credit score from what I read. I have taken a mobile plan which renews automatically every month. But have not tried to get a handset and a credit plan because I am unsure whether they would be willing to give me credit given my credit history. Does this help the credit score and any further info on this route is appreciated.
Please do let me know if there is anything else I can do. Hope others in similar straits ca get some answers and directions here.
2024.05.11 00:41 Lopsided-Product-291 Irish Hybrid Job whilst living in UK Bank Recommendations
Hi, I am considering a job offer for a hybrid role based in Dublin, Ireland. I currently live in London and plan to stay in London and commute to Dublin when required. I need a bank account to receive my Irish salary payments in Euros. I don't think I can use banks based in Ireland since it's unlikely I will have any long term address/residence in Ireland. Therefore, my options are the UK high street banks (HSBC, Lloyds, Barclays, etc) and the digital banks (Starling, Revolut, etc). Since it's my salary I would strongly prefer a high street bank but I'm quite confused about what exactly they offer. For example, does the HSBC Global Money account give me local Euro bank details which I can give to my employer? From my limited understanding, it seems all these high street banks only let you hold and spend Euros but not actually directly receive payments in Euros. Are my options really only limited to the digital banks? In which case I think the safest bet would be receive my salary in Revolut/Wise and convert most of it to pounds before sending it to a regular UK high street bank.
Thanks, would appreciate any advice/recommendations.
submitted by Lopsided-Product-291 to DevelEire [link] [comments]
Thanks, would appreciate any advice/recommendations.
2024.05.11 00:22 Lopsided-Product-291 Irish Hybrid Job whilst living in UK Bank Recommendations
Hi, I am considering a job offer for a hybrid role based in Dublin, Ireland. I currently live in London and plan to stay in London and commute to Dublin when required. I need a bank account to receive my Irish salary payments in Euros. I don't think I can use banks based in Ireland since it's unlikely I will have any long term address/residence in Ireland. Therefore, my options are the UK high street banks (HSBC, Lloyds, Barclays, etc) and the digital banks (Starling, Revolut, etc). Since it's my salary I would strongly prefer a high street bank but I'm quite confused about what exactly they offer. For example, does the HSBC Global Money account give me local Euro bank details which I can give to my employer? From my limited understanding, it seems all these high street banks only let you hold and spend Euros but not actually directly receive payments in Euros. Are my options really only limited to the digital banks? In which case I think the safest bet would be receive my salary in Revolut/Wise and convert most of it to pounds before sending it to a regular UK high street bank.
Thanks, would appreciate any advice/recommendations.
submitted by Lopsided-Product-291 to UKPersonalFinance [link] [comments]
Thanks, would appreciate any advice/recommendations.
2024.05.11 00:07 Head-Taro-7546 Fund choices, protected pension age, MMFs, fees
Nearly 47M, salary 75k, 435k in pensions:
390k in Aviva DC, contribute 21% total pm, invested in Aviva Pension BlackRock US Equity Index Tracker FP 13% Aviva Pension BlackRock World ex UK Equity Index Tracker FP 11% Aviva Pension Global Equity FP 13% Aviva Pension HSBC Islamic Global Equity Index FP 40% Aviva Pension North American FP 23%
45k in old SW pension, split over 5 global/US equity funds.
Wife 48 has DB pensions from public service jobs covering ten years and 3 years in DC 20k.
110k left on mortgage, due to be paid off when I'm 57. 3 teenage kids. Hoping to retire 55 or no later than 57 on 45ish k and have enough to give kids at least 50k each for mortgage deposits.
Do you think I'm on track?
Is my choice of funds too risky and focused, especially with 40% in HSBC Islamic equity fund ie about 40% invested in magnificent 7?
I'm confused about protected pension age. My Aviva pension appeared to be in a category that wasn't protected so I thought I'd check the SW one. I was told over the phone that this change was for specific pensions and I wouldn't be affected. She said this would also be the case for my Aviva one as she had checked for her own benefit. She also seemed to suggest that the change would be delayed so I wouldn't be caught in any case. Is this correct?
I'm planning to move 5-6 years worth of Aviva pot into maybe money market funds 5 to 6 years prior to retiring. Is this wise and do Aviva even offer them as I can't see them as an option?
I'm also considering moving some of my pot to a SIPP for more options (eg MMFs) and lower fees. I guess there might be a charge for such a transfer. However, what I don't understand is how the fees compare. All my Aviva funds are 0.3% but my account says during the last statement period the total management charge deducted was £700. I'm not sure how they reach this figure. If it's 0.3% of the pot I thought it would be more. Also eg vanguard appears to be fees of 0.35%. Is that correct and does this mean V would charge more than Aviva?
Many thanks in advance if those more clued up than I have the time and patience to respond!
submitted by Head-Taro-7546 to FIREUK [link] [comments]
390k in Aviva DC, contribute 21% total pm, invested in Aviva Pension BlackRock US Equity Index Tracker FP 13% Aviva Pension BlackRock World ex UK Equity Index Tracker FP 11% Aviva Pension Global Equity FP 13% Aviva Pension HSBC Islamic Global Equity Index FP 40% Aviva Pension North American FP 23%
45k in old SW pension, split over 5 global/US equity funds.
Wife 48 has DB pensions from public service jobs covering ten years and 3 years in DC 20k.
110k left on mortgage, due to be paid off when I'm 57. 3 teenage kids. Hoping to retire 55 or no later than 57 on 45ish k and have enough to give kids at least 50k each for mortgage deposits.
Do you think I'm on track?
Is my choice of funds too risky and focused, especially with 40% in HSBC Islamic equity fund ie about 40% invested in magnificent 7?
I'm confused about protected pension age. My Aviva pension appeared to be in a category that wasn't protected so I thought I'd check the SW one. I was told over the phone that this change was for specific pensions and I wouldn't be affected. She said this would also be the case for my Aviva one as she had checked for her own benefit. She also seemed to suggest that the change would be delayed so I wouldn't be caught in any case. Is this correct?
I'm planning to move 5-6 years worth of Aviva pot into maybe money market funds 5 to 6 years prior to retiring. Is this wise and do Aviva even offer them as I can't see them as an option?
I'm also considering moving some of my pot to a SIPP for more options (eg MMFs) and lower fees. I guess there might be a charge for such a transfer. However, what I don't understand is how the fees compare. All my Aviva funds are 0.3% but my account says during the last statement period the total management charge deducted was £700. I'm not sure how they reach this figure. If it's 0.3% of the pot I thought it would be more. Also eg vanguard appears to be fees of 0.35%. Is that correct and does this mean V would charge more than Aviva?
Many thanks in advance if those more clued up than I have the time and patience to respond!
2024.05.09 15:32 rohandhamapurkar HSBC Cashback Credit Card help
 | It's confusing when HSBC's website advertises credit cards for self-employed individuals with an existing relationship with the bank, yet when they called me back and I mentioned my savings account with HSBC, they informed me the offer isn't available yet and they couldn't process my application. submitted by rohandhamapurkar to CreditCardsIndia [link] [comments] https://preview.redd.it/g414k7ndlezc1.png?width=1243&format=png&auto=webp&s=3bcab32faf621c53d9fd2e5fd64b1d43fcb0cc61 Why is this message even displayed on the 'Apply Now' page if the offer is not available for self employed HSBC customers? |
2024.05.09 11:24 buysidedaddy Musings from a 36yo Private Equity professional on FIRE - AMA
Hello all. Wanted to share a bit about myself and also offer my insights to the community if helpful at all:
Our current financial position (used rough figures).
I will retire once we hit liquid wealth of c.£2m across cash / ISAs / GIAs / SIPPs (currently at about £800k as I don't count B2L / company shares).
I am aware of the highly privileged position we are in and the relatively high salary and this isn't intended as a brag post, but rather just a milestone update and because I don't really have anyone else interested in personal finance in my life to talk to about it all!
Here are my musings from the last 4 years - I'm probably not sharing anything remotely new here, but reiterating some of the classic principles of wealth generation.
submitted by buysidedaddy to FIREUK [link] [comments]
- 36 years old, male
- Married, 2 children (1 and 3)
- Living in SW London (3 bed terrace, owned)
- 12 years work experience, started in investment banking for 3Y, moved to a Private Equity fund where I've been for 9 years now (current total compensation is £350k, half of which is salary and half of which is bonus)
Our current financial position (used rough figures).
- Primary residence: Valued £1.1m (£650k mortgage / £450k equity) - bought in 2017
- Buy-to-let property: Valued £350k (£220k mortgage / £130k equity) - bought in 2014 (never wanted to be a landlord, rates were cheap and it made sense at the time - will probably sell the flat soon though as rates / service charges have made it less profitable - it's in SE London)
- ISAs: £350k (almost all simply in Vanguard and HSBC global equities)
- Company shares: £300k
- Cash: £100k (we have a portion of our mortgage as offset, so holding this much cash makes sense)
- Crypto: £50k
- SIPPs: £300k
- Carried interest: c.£2m post tax, expected to pay out in the next c.3-5y (but all very much dependent on fund performance)
I will retire once we hit liquid wealth of c.£2m across cash / ISAs / GIAs / SIPPs (currently at about £800k as I don't count B2L / company shares).
I am aware of the highly privileged position we are in and the relatively high salary and this isn't intended as a brag post, but rather just a milestone update and because I don't really have anyone else interested in personal finance in my life to talk to about it all!
Here are my musings from the last 4 years - I'm probably not sharing anything remotely new here, but reiterating some of the classic principles of wealth generation.
- Tracking our wealth monthly worked wonders for me.
- I'm an impatient person and it's sometimes hard to feel like you're headed in the right direction without being able to see the numbers in black and white. Something magic happens when you put things down on paper - once you start tracking it it provides a lot of clarity and you can start to build projections of what you want to achieve.
- Lifestyle creep is too real.
- For high earners, it's seriously tempting to expand your lifestyle into the salary you're generating. This is the absolute worst thing for wealth generation. Relative to our earnings I think we have kept our lifestyle relatively in check (whilst also continuing to do nice things - hols, meals out etc). Lots of my friends have mortgaged up towards £2-3m homes, plan to school their kids privately(£20-30k a year), buy fast cars and expensive watches. But we haven't really changed our lifestyle much in the last 7 years. We live in a house that whilst expensive is affordable to us, we drive one car - an old VW Golf. Our kids are going to the local state primary.
- Time in the market beats timing the market. Volatility is the price you pay for stock market returns.
- Being relatively conservative back in 2020, I panicked when markets crashed during Covid and sold a lot of our investments (not at the bottom, but a bit of the way down). This was a pretty dumb move and we definitely would have been better off if I'd held my nerve. It takes a few cycles to develop the steel needed to weather volatility.
- Moving laterally in your career will benefit you salary-wise
- I've been loyal to my firm for 9 years now. My salary is good in absolute terms, but it's way off market for my level. My peers who jumped around now earn £500-600k a year which is 50%+ higher than my cash comp. I've allowed myself to be locked into my institution through carried interest and company shares, though I've also taken comfort from a stable lifestyle and not needing to prove myself regularly.
- IFAs are useful, but over a longer horizon plonking your funds into a cheap global equities tracker is the way
- If you have complex financial needs, or estate planning on the horizon, get an IFA. You'll pay maybe 1% a year in fees though. Compared to probably only 0.2-0.3% in fees if you just manage it yourself on Interactive Investor and pick cheap funds like Vanguard. Over a lifetime, these fees add up. A lot.
- Trust the process. There are no quick routes to riches.
- I got absorbed into crypto and NFTs between 2021-24 - for every story of a winner, there are 1000 who lost. Now I'm just holding a wedge of BItcoin and waiting. If someone tells you you can get rich quick, there's probably a catch.
2024.05.08 17:53 Alone_Cap3632 iim bodhgaya
 | submitted by Alone_Cap3632 to CATpreparation [link] [comments] |
2024.05.08 15:03 Informal_Safe_5351 Ruined my life with Debt and need advice, I understand its my fault
Hi everyone,
Firstly I want to say I understand all i can do now is move forward, and try my best not to hate myself, which at the moment is hard. Im 22K in debt and im 27. I have nothing saved for a house deposit, im severely depressed currently as I have OCD and depression and last few months ive been having the attituide of fuck it which led me to spending all funds on my credit cards and loans.
Enough about that, but thats my situation, I am trying to get help for my mental health issues so I need help financially.
Salary take home-£2350 monthly, luckily i have a good job.
RENT-£500
DEBTS:
NATWEST OVERDRAFT AT 40% -£1940 (MAX IS 2000)
ARGOS STORE CARD-£328.57
HSBC CREDIT CARD BALANCE TRANSFER AMOUNT OUTSTANDING @ 0% - £1298.93 UNTIL MARCH 2025
HSBC CREDIT CARD CREDIT SPENT @ 26.9% - £652
ZOPA CREDIT CARD-£700 30 % (Likely to be 1200 by time i get paid later this month)
PAYPAL CREDIT-£160
CAPITAL CREDIT CARD-£1200 30%
NOVURA PERSONAL LOAN- SETTLEMENT FIGURE UNTIL 15TH MAY £998, AFTER TOTAL BALANCE WILL BE £1790 WITH MONTHLY REPLAYMENTS AT £36.00 A MONTH INTEREST IS AROUND 40 PERCENT, I WAS THINKING OF USING SOME CREDIT CARD ALLOWANCE TO PAY TOWARDS THE FIGURE BEFORE THE 15TH ?
FLUID CREDIT CARD- £2788 30% INTEREST
COMMUNITY FINANCE CONSOLIDATION LOAN- £12000 WITH MONTHLY PAYMENTS AT £398 A MONTH.
I tried using a loan to get out of the credit card debts, and of course poorly spent this loan, now making me in a even worse situation and seeing how much in debt I am makes me sick, and I am not sure what I can do, Stepchange have told me to just pay minimums and focus on one debt at a time, I just am deflated because I want to save for a house and see so many friends in better situations than I am, its hard not to give up.
My budget I have decided monthly is as follows-
RENT-£500
INTERNET-20
GYM-25.99
CINEWORLD PASS-19
TV SUBSCRIPTIONS-9.42
ADDNL ENTERTAINMNET-20
PAYPAL REPAYMENT-7.10(MINIMUM)
GROCERIES-200 (Ballpark purely because i usually overspend so wanted a buffer)
Fuel-120
Phone-29 a month till October then PAY as you go
LOAN REPAYMENT COMMUNITY FINANCE-398.00
CAR REPAYMENT-175 A MONTH
NOVURA REPAYMENT-36 A MONTH
REMAINING DEBT PAYMENTS-£660 A MONTH.
This leaves around £100 NOT ACCOUNTED FOR as a buffer.
In A YEAR THE ADDNL DEBT PAID OFF WOULD BE £7920.
I was wondering if writing debt off was a option but ive heard it usually tanks credit score?
I am hoping I can get a pay rise later this year but it depends, how do i not hate myself more, I am lucky I have the job I have, I just im 27 and I would be able to spend all this free cash on investment, holidays or house saving and im ruined, please tell me I can recover
I am used to being in debt since university.
Thank you all,
submitted by Informal_Safe_5351 to UKPersonalFinance [link] [comments]
Firstly I want to say I understand all i can do now is move forward, and try my best not to hate myself, which at the moment is hard. Im 22K in debt and im 27. I have nothing saved for a house deposit, im severely depressed currently as I have OCD and depression and last few months ive been having the attituide of fuck it which led me to spending all funds on my credit cards and loans.
Enough about that, but thats my situation, I am trying to get help for my mental health issues so I need help financially.
Salary take home-£2350 monthly, luckily i have a good job.
RENT-£500
DEBTS:
NATWEST OVERDRAFT AT 40% -£1940 (MAX IS 2000)
ARGOS STORE CARD-£328.57
HSBC CREDIT CARD BALANCE TRANSFER AMOUNT OUTSTANDING @ 0% - £1298.93 UNTIL MARCH 2025
HSBC CREDIT CARD CREDIT SPENT @ 26.9% - £652
ZOPA CREDIT CARD-£700 30 % (Likely to be 1200 by time i get paid later this month)
PAYPAL CREDIT-£160
CAPITAL CREDIT CARD-£1200 30%
NOVURA PERSONAL LOAN- SETTLEMENT FIGURE UNTIL 15TH MAY £998, AFTER TOTAL BALANCE WILL BE £1790 WITH MONTHLY REPLAYMENTS AT £36.00 A MONTH INTEREST IS AROUND 40 PERCENT, I WAS THINKING OF USING SOME CREDIT CARD ALLOWANCE TO PAY TOWARDS THE FIGURE BEFORE THE 15TH ?
FLUID CREDIT CARD- £2788 30% INTEREST
COMMUNITY FINANCE CONSOLIDATION LOAN- £12000 WITH MONTHLY PAYMENTS AT £398 A MONTH.
I tried using a loan to get out of the credit card debts, and of course poorly spent this loan, now making me in a even worse situation and seeing how much in debt I am makes me sick, and I am not sure what I can do, Stepchange have told me to just pay minimums and focus on one debt at a time, I just am deflated because I want to save for a house and see so many friends in better situations than I am, its hard not to give up.
My budget I have decided monthly is as follows-
RENT-£500
INTERNET-20
GYM-25.99
CINEWORLD PASS-19
TV SUBSCRIPTIONS-9.42
ADDNL ENTERTAINMNET-20
PAYPAL REPAYMENT-7.10(MINIMUM)
GROCERIES-200 (Ballpark purely because i usually overspend so wanted a buffer)
Fuel-120
Phone-29 a month till October then PAY as you go
LOAN REPAYMENT COMMUNITY FINANCE-398.00
CAR REPAYMENT-175 A MONTH
NOVURA REPAYMENT-36 A MONTH
REMAINING DEBT PAYMENTS-£660 A MONTH.
This leaves around £100 NOT ACCOUNTED FOR as a buffer.
In A YEAR THE ADDNL DEBT PAID OFF WOULD BE £7920.
I was wondering if writing debt off was a option but ive heard it usually tanks credit score?
I am hoping I can get a pay rise later this year but it depends, how do i not hate myself more, I am lucky I have the job I have, I just im 27 and I would be able to spend all this free cash on investment, holidays or house saving and im ruined, please tell me I can recover
I am used to being in debt since university.
Thank you all,
2024.05.08 12:19 HardGaina What a bloody headache
21M Student in the UAE (on my university visa).
Currently working (with NOC from uni) during my summer break at a company.
However, I have found two clients here in the UAE who want me to do some FREELANCE work for them. Each client is willing to pay me X amount of money. (payment after 3 and 6 months respectively is when the project will complete).
NOTE: I plan to keep drawing my salary and working at my "day job". I will freelance for a couple of hours in the evenings. Both clients are in the UAE. One runs a salon, and one runs a business consultancy. I will be doing online stuff for them (web dev). No physical presence is required.
submitted by HardGaina to dubai [link] [comments]
Currently working (with NOC from uni) during my summer break at a company.
However, I have found two clients here in the UAE who want me to do some FREELANCE work for them. Each client is willing to pay me X amount of money. (payment after 3 and 6 months respectively is when the project will complete).
NOTE: I plan to keep drawing my salary and working at my "day job". I will freelance for a couple of hours in the evenings. Both clients are in the UAE. One runs a salon, and one runs a business consultancy. I will be doing online stuff for them (web dev). No physical presence is required.
- I do not have any bank account in my name here. I will open one at the end of the month.
- Will there be any issues if these clients (whom I do not have a NOC for) send the payment in this account that I open?
- If I open an NRE account with some bank here (Bank of Baroda/ HSBC) would that be a better place to receive my freelance income (not my salary)?
2024.05.07 12:31 fluffzilla94 Confused which card to go for
Looking for an Islamic banking account. Currently with HSBC and really tired of their service. Im thinking of keeping two accounts ( one international to keep the money safe, looking for Islamic banking option if possible) and one Islamic banking account to redirect my salary to and get the credit card from it. I was eyeing the EID emirates Skywards infinite or Marriot Bonvoy ENBD. And Citi for international banking. Open to suggestions or ideas.
Criteria’s:
submitted by fluffzilla94 to UAEcreditcards [link] [comments]
Criteria’s:
- I make north of AED25k
- Me and the wife use the complimentary airport valet for relatives.
- We often travel to fancy hotels and stays. My mother works at emirates so air miles isn’t a concern as we get staff tickets.
2024.05.07 08:47 techytext To open a new regular savings account in ICICI
 | To open an savings account the accounts employee in ICICI branch told me need a cheque /cash deposit of Rs. 50,000. then I called BM of another ICICI Branch and told me Rs. 1000 00 lakh deposit to get a new savings account . submitted by techytext to CreditCardsIndia [link] [comments] But I couldn't find information regarding this on internet. When I enquired about the same he said limit for villages and cities are different. Then again I called and requested accounts employee if any chances to get zero balance account since my jobless status and no salary income. I shared a link to him , https://www.icicibank.com/personal-banking/accounts/zero-balance-savings-account , As an example I shared HSBC link to him : - https://www.hsbc.co.in/accounts/products/basic-savings/ Regarding zero balance account I wish to complaint to RBI through link , https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=1289 Today I got a call from same employee and said that if you can buy a Health Shield 360 insurance policy and pay Rs. 7510 ( As per age ) then it is possible to open a zero balance account at their ICICI branch . Please advice on this . Thanks . https://preview.redd.it/ugjzg78vayyc1.jpg?width=955&format=pjpg&auto=webp&s=e999fae704f70283e90b7b4942e48ab891d6b584 |
2024.05.06 08:58 Rincek Seeking Recommendations to Maximize Credit Card Benefits for Cashback, Discounts, and Travel Perks on spend c. 8-13k pm
Hello everyone,
I am consistently impressed by the depth of knowledge here and am seeking guidance to optimize my credit card usage as an expat, focusing on cashback, travel discounts, and other valuable perks. Below is a breakdown of my financial situation and specific interests:
Financial Background:
Thank you for your insights and help!
submitted by Rincek to UAEcreditcards [link] [comments]
I am consistently impressed by the depth of knowledge here and am seeking guidance to optimize my credit card usage as an expat, focusing on cashback, travel discounts, and other valuable perks. Below is a breakdown of my financial situation and specific interests:
Financial Background:
- Monthly Salary: Approximately AED 45,000, deposited into HSBC where I currently hold Premier status.
- Monthly Spending: Typically ranges from AED 8,000 to AED 13,000.
- Current Credit Card: HSBC Premier Customer Card. I find the AirMiles rewards less rewarding than anticipated and am considering other options.
- Savings Account: Wio, with an interest rate of 5-5.5%.
- I am open to relocating my salary deposit to another bank if it means accessing better credit card benefits, even if it results in losing my HSBC Premier status.
- Planned Trips: Southeast Asia in mid-June and July; Europe for Christmas; potentially Sri Lanka in OctobeNovember.
- Travel Booking Platforms: Skyscanner and Google Flights.
- Shopping Habits: Frequent purchases at Viva, Lulu, and Amazon.
- Cashback: Maximizing returns on both everyday spending and travel-related expenses.
- Travel Discounts: Seeking credit cards that offer significant discounts on flights, hotels, and other travel bookings.
- Travel Perks: Interested in benefits like lounge access for myself and my partner, priority boarding, free baggage, and travel insurance.
- Exclusions: Benefits related to sports, such as golf, are not necessary.
Thank you for your insights and help!
2024.05.06 07:53 uday3616 Salary bank account benefits
 | My new company is offering me an option to open a bank account with the following banks. Is there any bank from the list which can provide good benefits - CC/DC/Interest etc? submitted by uday3616 to CreditCardsIndia [link] [comments] Ps: already have an account in hdfc and icici |