What it is: HSBC's new banking platform targeted at young professionals and executives (YPEs) aged 25 to 34.
It offers them not only a credit card but also banking services and wealth management advice.
Details: To encourage YPEs to manage and grow their wealth, HSBC Revolution offers clients discounts on travel insurance premiums, personal credit lines, monthly investment plans and a one-month premium waiver on its investment- linked whole life policy LifeManager Plus.
You can also get a Revolution Platinum Visa credit card with a minimum annual income of $30,000, and enjoy a waiver of the first two years' subscription fee.
This comes with Visa payWave, a contactless payment feature, as well as shopping, dining and entertainment offers and discounts.
Perks include free movie tickets, $1 off all taxi rides, discounts at bookstore MPH and complimentary entry to Ministry of Sound nightclub.
Apply online at www.hsbc.com. sg/hsbc.revolution .
Launching: Next Thursday
Citibank Tangs Platinum Visa
What it is: A co-branded Citibank Visa credit card that offers 10 per cent rebate at Tangs stores all year round, so you get $1 back for every $10 you charge to the card.
Details: Dollars earned can be accumulated to redeem on future purchases at all Tangs outlets.
On special days, cardholders will be able to earn rebates of up to 12 per cent.
Application forms are available at Citibank branches and Tangs outlets, or online at www.citibank. com.sg .
The minimum income required is $30,000 per annum.
Launched: Last month
Sirius SME Growth Partners I
What it is: A $30 million venture capital fund launched by Singapore boutique venture capital and finance advisory firm Sirius Venture Consulting.
It is targeted specifically at helping Singapore-based SMEs grow and expand.
Details: The fund aims to help SMEs that are at least five years old and ideally have notched up profits of more than $1 million a year.
Sirius will invest about $2 million to $3 million into each of 10 to 12 companies in various industries.
Launched: Initially in January.
It has since raised $15 million and aims to reach $30 million by the middle of the year.
This article was first published in The Straits Times on May 18, 2008.
