Latest / IMI Podcasts / As Thailand Privilege Card Nears 40,000 Members, Gov’t Introduces Cheaper Bronze Tier

Transcript

As Thailand Privilege Card Nears 40,000 Members, Gov’t Introduces Cheaper Bronze Tier · IMI Podcasts

• 0:00
  SPEAKER_00: Thailand Privilege Card Co., also known as TPC, has unveiled a new entry-level bronze membership tier priced at$650,000 Thai baht or$18,850, marking a significant discount from its previous lowest tier offering.
• 0:15
  SPEAKER_00: The limited time package is available from December 15, 2024 to June 30, 2025, and aims to broaden access to Thailand's long-term visa program.
• 0:27
  SPEAKER_00: The bronze tier maintains core benefits, including a five-year visa validity, fast-track immigration at major airports, and a one-time elite personal liaison service.
• 0:37
  SPEAKER_00: Members receive access to the Privilege Entry Visa, which provides a one-year extendable stay without exit requirements.
• 0:45
  SPEAKER_00: TPC's move follows a recent program restructuring, introducing the four-tier privilege card, gold, platinum, diamond, and reserve.
• 0:53
  SPEAKER_00: The bronze tier introduction represents a 28% fee reduction from the gold tiers 900,000 Thai bot.
• 1:01
  SPEAKER_00: Current gold membership applicants who haven't completed payment can switch to bronze, while paid members will receive a complimentary health checkup valid until December 31, 2025, as compensation for the price difference.
• 1:14
  SPEAKER_00: Higher tier applicants who have not completed payment may also transition to the bronze package.
• 1:20
  SPEAKER_00: The program's membership data reveals significant shifts in customer preferences.
• 1:24
  SPEAKER_00: The previous structure's elite easy access category captured 41 to 54% of memberships between 2020 and 2023, while elite family excursion memberships grew from 16.8% to 28.2%.
• 1:39
  SPEAKER_00: The 2024 restructuring redistributed membership across new tiers, where platinum accounts for 40.4%, followed by gold and diamond at approximately 21 to 22% each.
• 1:51
  SPEAKER_00: New memberships grew by 7,305 in fiscal year 24, marking a 35% decline in growth from 11,245 in fiscal year 23 after three consecutive years of growth.
• 2:06
  SPEAKER_00: Previous years showed steady increases, from 2,380 members in fiscal year 20 to 3,495 in fiscal year 21, then 5,390 in fiscal year 2020-22.
• 2:21
  SPEAKER_00: High net worth individuals moved to Thailand for the quality of life, five-star medical care, international schools, and safety.
• 2:29
  SPEAKER_00: Bastion Trellcat of Harvey Law Group explains.
• 2:32
  SPEAKER_00: He notes that despite October 2023's price increases and competing options like the long-term resident visa and digital talent visa, sales have reached close to 7,500 new members between October 2023 and October 2024, confirming the attractivity of the program.
• 2:53
  SPEAKER_00: He says the program's top five nationalities are China, Japan, the United States, Taiwan, and the United Kingdom.
• 3:02
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDaily.com.
• 3:09
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