Getting a credit card

[MarkT63]

Hi Guys

 

Any pointers on best way to get a credit card.

 

Been retired in Thailand 6 years, out of home country for over 11 years so I guess no credit rating.

 

Talked to my bank (SCB) and they wanted me to open a fixed account and they would give a credit card for half the value of the deposit 🤣

despite already having my 800k in one account and a "current" account that has seen a very healthy flow of money through it over the last six years.

 

Don't need the card for extended credit, just for when a credit card is really useful.

 

🍻

[sometimewoodworker]

52 minutes ago, MarkT63 said:

Hi Guys

 

Any pointers on best way to get a credit card.

 

Been retired in Thailand 6 years, out of home country for over 11 years so I guess no credit rating.

 

Talked to my bank (SCB) and they wanted me to open a fixed account and they would give a credit card for half the value of the deposit 🤣

despite already having my 800k in one account and a "current" account that has seen a very healthy flow of money through it over the last six years.

 

Don't need the card for extended credit, just for when a credit card is really useful.

 

🍻

There is no way that, unless you have a job in Thailand, that you will get anything but a secured deposit credit card, though the SCB requirements are rather more than most at 200% of the limit Kungsri is at 110% though that is only certain for a Thai national (SWMBO has one) 

Secured deposit credit cards are a standard option in Thailand irrespective of nationality.

 

In the past regulations were less strict so the job requirement was not enforced strictly.

Edited 2 hours ago by sometimewoodworker

[Digitalbanana]

58 minutes ago, MarkT63 said:

Talked to my bank (SCB) and they wanted me to open a fixed account and they would give a credit card for half the value of the deposit 🤣

despite already having my 800k in one account and a "current" account

Same for me at KBank but they gave credit equal to the amount deposited. Half seems a bit ridiculous?

[SAFETY FIRST]

21 minutes ago, sometimewoodworker said:

There is no way that, unless you have a job in Thailand, that you will get anything but a secured deposit credit card

I have had a kasikorn credit card since 2008, having never worked in Thailand prior. I don't have any security on my credit cards or the spouse credit card I have issued by kasikorn bank. 

 

I also have a wisdom card which I had to deposit some money into MTL account, I get interest paid every few years, the balance I deposited plus growth will be returned after 14 years if I remember.

 

@MarkT63, try applying for a wisdom credit card from kasikorn bank. 

 

Edited 2 hours ago by SAFETY FIRST

[Celsius]

1 hour ago, MarkT63 said:

Been retired in Thailand 6 years, out of home country for over 11 years so I guess no credit rating.

 

I have been out of Canada for 11 years and I still have a stellar score. I also apply for credit cards regularly. 

[sometimewoodworker]

23 minutes ago, SAFETY FIRST said:

I have had a kasikorn credit card since 2008, having never worked in Thailand prior. I don't have any security on my credit cards or the spouse credit card I have issued by kasikorn bank. 

As I said

 

35 minutes ago, sometimewoodworker said:

In the past regulations were less strict so the job requirement was not enforced strictly.

I have not heard any reports of anyone getting an unsecured credit card without having a job in Thailand.

22 minutes ago, Celsius said:

I have been out of Canada for 11 years and I still have a stellar score. I also apply for credit cards regularly. 

Have you had a credit card issued in Thailand in the last year or so.

 

If so I would be very interested to have an update on the availability of unsecured credit cards without employment.

Edited 1 hour ago by sometimewoodworker

[SAFETY FIRST]

12 minutes ago, sometimewoodworker said:

35 minutes ago, SAFETY FIRST said:

I have had a kasikorn credit card since 2008, having never worked in Thailand prior. I don't have any security on my credit cards or the spouse credit card I have issued by kasikorn bank. 

As I said

You said the opposite. 

 

Time has nothing to do with it, it's not about the past.

I was sending my salary (500000 baht at the time) every month to Thailand, if you did the same thing today you will get a credit card 

 

My advice was a wisdom credit card to the OP 

 

Edited 1 hour ago by SAFETY FIRST

[Stanton681]

27 minutes ago, SAFETY FIRST said:

I have had a kasikorn credit card since 2008, having never worked in Thailand prior. I don't have any security on my credit cards or the spouse credit card I have issued by kasikorn bank. 

 

I also have a wisdom card which I had to deposit some money into MTL account, I get interest paid every few years, the balance I deposited plus growth will be returned after 14 years if I remember.

 

@MarkT63, try applying for a wisdom credit card from kasikorn bank. 

 

Wisdom card details from Kasikorn site:

 

Qualifications

Main Card Applicants

20 - 80 years of age

Deposit / invest at least 10 million baht for an average of 6 months or according to the conditions set by the bank.

 

[SAFETY FIRST]

11 minutes ago, Stanton681 said:

Wisdom card details from Kasikorn site:

 

Qualifications

Main Card Applicants

20 - 80 years of age

Deposit / invest at least 10 million baht for an average of 6 months or according to the conditions set by the bank.

 

It's been a few years now since I received my wisdom card, I don't remember the investment being 10M baht, I'd have to check, seems high to me. 

If I remember I had to pay several thousand baht every year for around 7 years. 

 

 

It's worth the investment, it's not your average credit card, you get lots of perks. 

After I think 14 years I will receive millions of baht, many millions more than I contributed. 

 

 

Edited 1 hour ago by SAFETY FIRST

[Nemises]

Debit card maybe? Let’s you buy online just like a credit card. 

[phetphet]

2 minutes ago, Nemises said:

Debit card maybe? Let’s you buy online just like a credit card. 

Kasikorn used to do a K-Web Virtual Card for online shopping. They changed it last year. I'm not sure what they have now.

[new2here]

Hi,

 

Ill say that it’s not IMpossible.. but its hard to do… banks really do want to see a valid work permit (and some want to see a WP that’s at least 6-12 months old and still has 3-6 months remaining) 

but.. each bank is free to see their own rules.. the “secured” card approach is one of the most common ways a non-citizen gets a card here .. but again, it’s not impossible to get a truly unsecured card … if you have a decent history with X branch of Y bank, I’d suggest you go and talk to the manager … S/he might be willing to assist you .. while credit card approvals aren’t done at the branch level, i’m sure that a “vote of confidence “ by the manager of the originating branch would be a positive for your applications approval odds.