Prepaid Visa Card From Bank Account?

[piker]

I have been advised from several expat friends that Kasikorn is one of the better banks as you can do online banking and they issue same day prepaid credit cards. Basically, your credit is your current balance. The branch on North Buakow was favored.

My credit in the west is poor so I am quite excited about this option to book those cheap Air Asia flights online and other online purchases.

If anyone has any good luck in this dept., please remember to update the thread. Thank you.

[thai_narak]

my bangkok bank atm card is also a debit card (with VISA sign). i can use it instead of credit card if i want to...

[idle44mins]

Source: http://www.kasikornbank.com/GlobalHome/EN/..._debit_atm.html

ATM/Debit Cards

KBANK ATM Cards and Debit are designed to make your life easier by offering you access to cash and a variety of other financial transactions at ATMs throughout Thailand, 24 hours a day.

Debit Card | Web Card | ATM Card | Verified by VISA

ATM Card

Familiarity and flexibility that come with ATM cards… Whenever you want to withdraw cash, transfer money or make bill payments at any ATM across the country, it’s always easy and convenient

Key Features

Cash withdrawal can be made up to THB 50,000 daily at any ATM nationwide that welcome ATM cards of all banks.**

*Maximum withdrawal per transaction depends on ATM’s owner bank limit.

Other account funds transfer is quite easy and the daily transferable amount is up to THB 200,000. In case of interbank funds transfer at K-ATM, the amount is limited to THB 30,000 daily.

Our K-mAlert (SMS service) is at your choice! The fund receiver will be advised of the transfer transaction immediately right on their mobile screen.

Bill payments can be made to more than 600 participating merchants at any K-ATM.

Airtime refills are available for all mobile networks, free of charge

Deposits can be conducted at any KBank Cash Deposit Box.

ATM withdrawal or transfer limits can be adjusted at K-Contact Center (not exceeding the pre-established card limit).

Our K-Contact Center at Tel no. 0 2888 8888 and K-Cyber Banking are available daily, 6.00-21.00 hrs. Make your life easier with no need to actually go to the Bank!

How to apply for the service

Applications for ATM cards are invited at any KBank branches throughout the country. You need not apply for the card at the Bank where you hold an account.

Required documents

1. National ID card or other ID cards bearing your photo and issued by competent authorities

2. Savings account passbook

Service conditions

They must have a savings and/or current account of individual type or a joint account with one of the account owners eligible to make withdrawal; or a merchant account with one account name.

Fees

Entrance fee/card replacement fee THB100

Annual fee THB200

The Bank reserves the right to collect THB100 as an annual fee from those who applied for a ATM card before March 10, 2007, as usual.

We are talking about an ATM and/or a debet card. Even if there is a VISA or Master logo on the card, it can't be used as a credit card.

[theseveredhead]

isnt this just a debit card??? i have with my scb.

[fxm88]

Do you mean a "secured credit card"? Last year I asked around at a number of Thai banks but they didn't offer it -- just the ATM/debit card with a Visa logo.

If you're really looking for a "prepaid" credit card, you might check out the OK Cash cards but these seemed to be a really bad deal.

Edited August 9, 2007 by fxm88

[idle44mins]

isnt this just a debit card??? i have with my scb.

yep, the OP is a bit mixed up between an ATM with VISA logo and a VISA credit card. The first one's nothing more than 'just' a debet card.

I just tried to buy a book online at www.dco.co.th with my Kasikorn ATM/debet with VISA logo and guess what: "The CC number is not correct!"

[NanLaew]

Also keep in mind that debit cards, regardless of the logo on the front may not be acceptable for some transactions such as auto rental in US (no problem in UK), hotels in Qatar and Singapore.

[Humphrey Bear]

Also keep in mind that debit cards, regardless of the logo on the front may not be acceptable for some transactions such as auto rental in US (no problem in UK), hotels in Qatar and Singapore.

In Singapore I used my SCB debit card at the hotel, for security when checking-in, told them I would be paying cash when I left. They were OK with that. And the ATM boxes gave money up to my normal daily limit, so there was really no problem, unless I wanted to spend a lot of money (I never do!).

[Florin]

The easiest solution would be a Kasikorn account with online banking + online application for a "web card" (a virtual card which uses your available balance and comes with its own VISA number and security digits). Works beautifully...

Bangkok Bank also has this feature in their new BTS + ATM card, though I don't think it would be available outside Bangkok.

[bobfla]

I have been advised from several expat friends that Kasikorn is one of the better banks as you can do online banking and they issue same day prepaid credit cards. Basically, your credit is your current balance. The branch on North Buakow was favored.

My credit in the west is poor so I am quite excited about this option to book those cheap Air Asia flights online and other online purchases.

If anyone has any good luck in this dept., please remember to update the thread. Thank you.

Same same with my credit in the west, however one company here called Travelex in the UK and I think worldwide, have something called a CASH PASSPORT....this is a prepaid Electron Visa card and if you have internet banking, you can top it up anytime. My own bank would charge me 15 quid ($30USD) for a withdrawal but with this option it is £2.50 regardsless of the amount withdrawn, up to $500 USD per day can be taken from an ATM. See their website on http://www.travelex.co.uk/contacts/website...eb〈=ENG for details of your local website.

[Kaojai]

online purchases.

If anyone has any good luck in this dept., please remember to update the thread. Thank you.

In the US and I assume Europe, Australia etc., your liability if a card is stolen and/or used fraudulently is limited. I would check to see about any locally issued cards. If someone manages to drain your bank account or run up a credit balance, you might get nothing more than a sympathic smile along with the tab for the result.

I've had some problems with a US credit card which, after a single use here, was suddenly used for charges in Chiang Mai, Korea and Portugal. Citibank caught it, changed my number and absorbed the loss. I don't think that's how it works with local banks.

[Humphrey Bear]

online purchases.

If anyone has any good luck in this dept., please remember to update the thread. Thank you.

In the US and I assume Europe, Australia etc., your liability if a card is stolen and/or used fraudulently is limited. I would check to see about any locally issued cards. If someone manages to drain your bank account or run up a credit balance, you might get nothing more than a sympathic smile along with the tab for the result.

I've had some problems with a US credit card which, after a single use here, was suddenly used for charges in Chiang Mai, Korea and Portugal. Citibank caught it, changed my number and absorbed the loss. I don't think that's how it works with local banks.

The liability depends on whether you have a credit card or a debit card (CC is better covered by insurance) and on the issuing authority.

Read the small print.

(Thanks to Mobi for telling me the difference a few weeks ago)

[Hssl]

If you have a work permit & proof of salary 50,000thb + per month then Kasikorn will issue a k-credit card, if not a 'debit card' can be got from most banks IF your on a non imm or retirement visa

[TopDogger]

The easiest solution would be a Kasikorn account with online banking + online application for a "web card" (a virtual card which uses your available balance and comes with its own VISA number and security digits). Works beautifully...

Bangkok Bank also has this feature in their new BTS + ATM card, though I don't think it would be available outside Bangkok.

Would'nt be suppsired if Kasikorn put a stop to them soon, I get emails every week about how much fraud is going on with them and how to use it securely.

[Florin]

The easiest solution would be a Kasikorn account with online banking + online application for a "web card" (a virtual card which uses your available balance and comes with its own VISA number and security digits). Works beautifully...

Bangkok Bank also has this feature in their new BTS + ATM card, though I don't think it would be available outside Bangkok.

Would'nt be suppsired if Kasikorn put a stop to them soon, I get emails every week about how much fraud is going on with them and how to use it securely.

I also get those e-mails, but I think that as long as their recommendations are followed and the number is not used to pay some Nigerian porno company, things should be fine. In any case, I don't think too many people keep significant savings in a such a web-accesible account.