| |
bkkz
|
Source: The Nation, July 3rd, 2008
Expats can apply for credit cards
But Thai banks set guidelines on minimum local work experience and monthly income for foreign customers wishing to use plastic
This is the second in a series about financial products for expats gathered by The Nation. Having previopusly covered procedures for opening deposit accounts for foreigners, this is about credit-card applications.
For a credit-card application, each card issuer requires a work permit and passport from foreign applicants.
For expats, domestically issued credit cards will allow you to receive benefits from regular retail promotions, lucky prize draws, discounts and loyalty programmes. By using local cards, foreigners can also save by not having to pay the foreign-exchange fee charged when using foreign-issued credit cards in Thailand.
However, each bank has different conditions for credit-card applications.
The Bangkok Bank credit card is available to foreign applicants who are permanent residents or have had a work permit for at least one year, while other conditions are the same as for Thai applicants.
Kasikornbank requires foreign customers to have a minimum of one year's work experience in Thailand to apply for a credit card, with a minimum monthly income of Bt50,000.
They must also provide a credit bureau's authorisation, and their work permit must be valid for at least six month after the application date. Customers will be informed of the approval result within 16 days for applications in Bangkok and 19 days upcountry.
Siam Commercial Bank requires a work permit and minimum monthly salary of Bt100,000, compared with Thai applicants' minimum income of Bt15,000. The bank also needs foreign customers to show a bank statement covering the past six months.
Krung Thai Bank requires foreign applicants to have had a work permit for at least two years, but their requirement for minimum monthly income is Bt15,000, the same as for Thai applicants. They must also show a bank statement covering the past three months and their passport.
TMB Bank offers two choices of credit-card applications for foreigners. The first requires lending deals with corporations of at least three years and a minimum credit line of Bt30 million. Expats employed by these companies are eligible to apply for a TMB Bank credit card. A work permits must also be shown.
The second choice is offered to individual foreigners who open a fixed-deposit account with the bank. They must use the account as collateral for their credit-card application and will receive a credit line of not more than 80 per cent of the deposit amount.
Bank of Ayudhya requires three years' local work experience and a minimum monthly income of Bt50,000 for a classic card and one year's local work experience and a monthly salary of Bt100,000 for gold and platinum cards. Self-employed customers should have average cash flow in their bank account of Bt350,000 a month or more for the classic card and Bt700,000 or more for gold and platinum cards. Applicants must submit copies of their passport and work permit valid for at least six months. Company employees need a copy of a payroll slip and a bank statement covering the past six months.
Remember that if any of your credit cards has been lost, stolen or retained by an ATM or if you suspect you have been the victim of fraud, contact your card issuer immediately.
In cancelling your card or putting a hold on your account, you will be liable for all transactions made before notifying the bank.
|
Thai Girls : Meet Sexy Thai Girls
Posted on: 4:36 pm on July 8, 2008
|
|
ColoradoGuy
|
From what I recall, you can get one with a Paypal account based in Thailand, no?
Of course, this would be a debit card, not a credit card.
|
Bangkok Women : Meet Sensual Bangkok Women
Posted on: 11:01 pm on July 8, 2008
|
|
ThaidUp
|
The chance of a foreigner winning a lucky draw is between slim and none.
I had my ATM card eaten by a ATM. So I beat on the ATM then an alarm when off. Thai security guards came over and said it happens all the time. They said the ATM would spit it out in 30 minutes. They brought me a chair and their I sat in a drunk stupor for 30 minutes when like clockwork the ATM reset it set and spit out the card.
|
Thai Girls : Meet Sexy Thai Girls
Posted on: 1:08 am on July 9, 2008
|
|
DaffyDuck
|
Quote: from ThaidUp on 3:34 pm on July 9, 2008
They brought me a chair and their I sat in a drunk stupor for 30 minutes when like clockwork the ATM reset it set and spit out the card.
WTF?
|
Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 8:27 am on July 9, 2008
|
|
LocalYokul
|
what do you mean WTF ?
he was drunk, I just hope it was not daylight, LOL
|
Thai Women : Meet Matured Thai Women
Posted on: 1:04 pm on July 9, 2008
|
|
DaffyDuck
|
WTF = WTF about having an ATM that swallows your card, and then spits it out 30 minutes later. What a scam, and I wonder how many scammers sit around waiting for a farang to lose his card there, and then walk on up 30 minutes later to score the card.
i.e. WTF kind of ATM and bank is that?!?!? (and I bet it's still doing that and never got fixed)
|
Bangkok Women : Meet Beautiful Thai Girls
Posted on: 3:13 pm on July 9, 2008
|
|
LocalYokul
|
I bet you're right too, that it's still not fixed
but I don't think it's a scam or else the guard wouldn't have given him a chair to sit on & tell him to wait for it
|
Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:37 pm on July 9, 2008
|
|
bkkz
|
Quote: from DaffyDuck on 5:38 am on July 10, 2008
WTF kind of ATM and bank is that?!?!?
TiT
|
Thai Girls : Meet Active Thai Girls
Posted on: 3:38 pm on July 9, 2008
|
|
ThaidUp
|
SCB Bank on the Soi down from Soi Cowboy. Yes it was Midnight. I felt like a dunce sitting in the middle of a concrete open area drunk at midnight, but I was not going to leave my card there. I just recited over and over again.
"I will never use my ATM while drunk, at midnight in Thailand again"
I would suspect it has not been fixed yet.
|
Thai Women : Meet Matured Thai Women
Posted on: 8:06 pm on July 9, 2008
|
|
|
|
| |
|
