You can also have direct deposits of $5k in the US to qualify.
The Premier Elite card? Which benefits are you enjoying most?
The Premier Elite card? Which benefits are you enjoying most?
HSBC Premier Lifehack
- Thread starter Overtrade
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You can get it back by filing a tax return in the US. If they deduct interest tax, update your tax status in the US with them. Either a W-8 BEN or a W-9 should avoid this.
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thomasparra
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Per month? Would it work if I deposit the money from a EMI through which I have a unique US bank account under my company's name?
No, I have a Chase Sapphire Reserve. I get at least 4.5% redemption on all travel, transportation and food/dining spend (which represent 80% of my CC spendings), lounge access, insurance, great redemption programs through Hyatt, Air France etc. These benefits are too "great" to stop using this card
Per month? Would it work if I deposit the money from a EMI through which I have a unique US bank account under my company's name?
No, I have a Chase Sapphire Reserve. I get at least 4.5% redemption on all travel, transportation and food/dining spend (which represent 80% of my CC spendings), lounge access, insurance, great redemption programs through Hyatt, Air France etc. These benefits are too "great" to stop using this card
No, I have a Chase Sapphire Reserve. I get at least 4.5% redemption on all travel, transportation and food/dining spend (which represent 80% of my CC spendings), lounge access, insurance, great redemption programs through Hyatt, Air France etc. These benefits are too "great" to stop using this card
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thomasparra
Guest
The IRS and HSBC are two big points of failure I do not want to deal with, especially the IRS. I don't want to get into a 3-year discussion to get the 30% they have withheld from my profits. My peace of mind is more important
The IRS and HSBC are two big points of failure I do not want to deal with, especially the IRS. I don't want to get into a 3-year discussion to get the 30% they have withheld from my profits. My peace of mind is more important
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thomasparra
Guest
I did open all my accounts through my Premier manager.
On a side note, I believe we come from the same country. I'll be in Bangkok in the next couple of days. Happy to meet if you there and down to share some beers.
I did open all my accounts through my Premier manager.
On a side note, I believe we come from the same country. I’ll be in Bangkok in the next couple of days. Happy to meet if you there and down to share some beers.
On a side note, I believe we come from the same country. I’ll be in Bangkok in the next couple of days. Happy to meet if you there and down to share some beers.
I think more recently, the Premier managers ask you to open your account through their respective app. You can then link the accounts yourself and ask your manager to confirm to the other countries that you are P1PA (Premier one > Premier All).
Yes, it is still possible but at current interest rates, blocking 50k USD does not make much sense. You will be better off paying $50 per month in the US.
HSBC Premier has many benefits, among them are worldwide free withdrawals with certain cards, worldwide free wires/SWIFT, ability to easily open bank accounts in otherwise difficult to access jurisdictions. Free coffee in the morning from a Jura machine is another plus.
HSBC Premier has many benefits, among them are worldwide free withdrawals with certain cards, worldwide free wires/SWIFT, ability to easily open bank accounts in otherwise difficult to access jurisdictions. Free coffee in the morning from a Jura machine is another plus.
I went to the HSBC on Mete Cd. near Taksim Square a few weeks ago when I was in Istanbul.
I inquired about the requirements.
The account manager there said one needed to prove regular monthly income for 12 months
She wouldn't say how much
I explained that I have been living off capital gains for the last year
That was not good enough even if amounted to a substantial amount.
I am finding for various reasons, it is useful to have a regular income of a few thousand
I just relocated to Paraguay and set the RUC with active VAT submissions.
Can I achieve this via an alien, non-resident US LLC and transfer some crypto to the LLC, sell it and set up a regular income stream of dividends/salary?
I inquired about the requirements.
The account manager there said one needed to prove regular monthly income for 12 months
She wouldn't say how much
I explained that I have been living off capital gains for the last year
That was not good enough even if amounted to a substantial amount.
I am finding for various reasons, it is useful to have a regular income of a few thousand
I just relocated to Paraguay and set the RUC with active VAT submissions.
Can I achieve this via an alien, non-resident US LLC and transfer some crypto to the LLC, sell it and set up a regular income stream of dividends/salary?
Do you remember whom you spoke to? I think they just want people with normal jobs. From my experience some payslips are enough with most banks.
Not sure about your income structure etc. But you may want to declare about 50k per year in income somehow is you want to play banks and residencies. Just have a US LLC and then send money to your own account each month. It does the job in most cases. Sometimes they may want to set a tax bill.
Not sure about your income structure etc. But you may want to declare about 50k per year in income somehow is you want to play banks and residencies. Just have a US LLC and then send money to your own account each month. It does the job in most cases. Sometimes they may want to set a tax bill.
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