HSBC raises income requirement for new credit card applications in S’pore to $65,000, from $30,000
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A spokesperson for HSBC said the move to raise the income requirement aligns with the bank’s focus on serving more affluent customers.
ST PHOTO: KELVIN CHNG
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HSBC
Summary
HSBC is raising the minimum annual income for new credit card applicants to $65,000 from 1st Oct to focus on more affluent clients.
Existing HSBC customers with total balances of $50,000+ still only need $30,000 income. Other banks like DBS, UOB, and Citi remain at $30,000.
Experts note HSBC is becoming more selective and focusing on affluent clients globally, but middle-income consumers have alternatives with other banks.
innocent greedy morons, please wake the fuck up before your parents have to bail you out with their life savings
move fiat money to stablecoin and when everyone is in....devalue the stablecoin by 50%......US national debt less by 50%...., fucking yankees
innocent greedy morons, please wake the fuck up before your parents have to bail you out with their life savings
move fiat money to stablecoin and when everyone is in....devalue the stablecoin by 50%......US national debt less by 50%...., fucking yankees