What do I need to get credit card?

[stevymac]

And also any good hassle free banks from experience guys have used to get one? Thx in advance

 

 

Sent from my iPhone using Thailand Forum - Thaivisa mobile app

[OneMoreFarang]

It seems Kasikorn Bank is one of the easiest options.

I think for the credit card you need a work permit and they want to see a salary slip.

I have no idea if you can also get a credit card i.e. on a tourist visa.

[Democracy74]

The bank gave me a credit card once I offered to lock in 100,000 Thb for a 90,000 Thb credit limit (if I cancel my cc card my 100,000 Thb becomes unlocked again). All they worry about is you leaving Thailand with an unpaid cc bill.

 

 

 

 

[theoldgit]

This is discussed on a regular basis, here's a couple with the most recent responses:

 

https://www.thaivisa.com/forum/topic/983405-obtaining-a-credit-card-in-thailand/

 

https://www.thaivisa.com/forum/topic/1053288-best-credit-card-for-expats-in-thailand-for-airmiles-cashback-and-bonuses/

 

[jippytum]

To get a Thai credit card you need to deposit a cash bond  and a percentage of the deposit will be the spending limit on the card .Not really a credit card as such but handy to have .

[PerkinsCuthbert]

A little tangential perhaps, but assuming one is on a tourist visa and not earning an income in Thailand, what advantage is there in having a local credit card, as opposed to a fee-free international card such as the UK's Halifax Clarity card?

[helloagain]

Ive banked with krungsri for 14 years. I have their cc. They wanted to lock 325000 but and i have purchase power of 260000 baht. No problem. At last i also have a debit card for wife on our now joint account. 

[Millian]

27 minutes ago, jippytum said:

To get a Thai credit card you need to deposit a cash bond  and a percentage of the deposit will be the spending limit on the card .Not really a credit card as such but handy to have .

For many banks this is true, but if you have Visa, and work permit you can get a proper credit card from Citi, Aon, etc.

[Burma Bill]

20 hours ago, Democracy74 said:

The bank gave me a credit card once I offered to lock in 100,000 Thb for a 90,000 Thb credit limit (if I cancel my cc card my 100,000 Thb becomes unlocked again). All they worry about is you leaving Thailand with an unpaid cc bill.

 

 

 

 

This happened to me when I inquired about a Bangkok Bank credit card in my name. It defeats the object and you might just as well have a debit card. No problem for a credit card in your Thai partner's name. 

[hanbla]

My thaiwife and me has a joint Visa credit card account 120000 baht each. She has also an AMEX. These are from Bangkok bank. No locked money in bank account.

I also have an AMEX Platinum direct from AMEX.  Obviously no money locked in account with them either.

I don't have a WP, I live on a retirement visa.

[LivinLOS]

1 hour ago, Burma Bill said:

This happened to me when I inquired about a Bangkok Bank credit card in my name. It defeats the object and you might just as well have a debit card. No problem for a credit card in your Thai partner's name. 

Debit cards and credit cards have very different levels of consumer protection, for the simple fact is the debit has already happened and its on the onus of the consumer to prove and claw back, while with a credit card the debit has not yet happened (and merchant release is much slower) and hence is far easier to control. 

 

Partly why merchant fees on credit cards is much higher than debit cards. 

A lot of this is being revolutionized by the new fintech banks like Monzo, N26, Startling etc, who combine tech, AI fraud prevention, and notifications with debit features for a high jump in service quality. 

[Dazinoz]

I have a credit card from Bangkok Bank and only had to put the credit limit in a fixed account, no extra.

 

Some have said that having to do that defeats the purpose of getting the card. However the card I was given by the bank was an Air Asia card and builds up points for flights. So I buy a lot on the card and transfer from savings account straight away so no interest but I have built up a few flights already. Plus I am getting a higher interest rate on the fixed account.

[Millian]

With these 'deposit' credit cards, do you still pay interest if you don't pay off the balance every month?

[Dazinoz]

27 minutes ago, Millian said:

With these 'deposit' credit cards, do you still pay interest if you don't pay off the balance every month?

Same as a normal credit cards its just us farang are not trustworthy so we have to leave deposit. You also get interest on the deposit.

[AtoZ]

2 hours ago, Millian said:

With these 'deposit' credit cards, do you still pay interest if you don't pay off the balance every month?

Yes, hence why it's a stupid system

 

You lock x00,000 of your own money, and then pay rip off interest of any portion of YOUR money that you dare to use

[Dazinoz]

1 minute ago, AtoZ said:

Yes, hence why it's a stupid system

 

You lock x00,000 of your own money, and then pay rip off interest of any portion of YOUR money that you dare to use

Only if you don't pay in the required time. I got my CC to use with PayPal. Because as mentioned before it is an Air Asia card I get points for free flights so I use the card more than expected and pay off immediately, pay no interest and I get a higher than standard interest on the security deposit. Cant see how that is a stupid system. It is if people use stupidly. 

[Millian]

Well that's the same with a normal credit card.
 

It sounds like a stupid system, because potentially you are paying interest on borrowing your own money!
 

However, can see why some people would have go this route, if they need a credit card, but cannot get one due to Visa/income, etc.

[Dazinoz]

1 hour ago, Millian said:

Well that's the same with a normal credit card.
 

It sounds like a stupid system, because potentially you are paying interest on borrowing your own money!
 

However, can see why some people would have go this route, if they need a credit card, but cannot get one due to Visa/income, etc.

If you pay the card off within the due time you pay no interest unless you get a cash advance. Plus you are still earning interest on the security deposit as you would if you had a normal fixed deposit account. You are still using their money as your fixed deposit account does not lose interest. And, as I have mentioned before I also have a couple free flights with Air Asia from accumulated points.

 

So if that is stupid, I am ok with stupid.

[Thailand J]

Not a stupid system.

It's the same high credit card interest they charge everyone else if you choose to carry a balance..and why do you want to carry a balance on your credit card when you have money sitting in a fixed deposit account?

Do you get free flights on Air Asia using your ATM card? :)

[Dazinoz]

2 minutes ago, Thailand J said:

Not a stupid system.

It's the same high credit card interest they charge everyone else if you choose to carry a balance..and why do you want to carry a balance on your credit card when you have money sitting in a fixed deposit account?

Do you get free flights on Air Asia using your ATM card? ?

Definitely don't get points on my ATM card.