Overdraft facilities.

[allyally]

Hi ,

Been told (by bar financial wizard) that expats cannot get overdraft/bank loan /credit card facilities in LOS. Is this correct?

 

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[Lamkyong]

said one bar wizard to another ??

[allyally]

That was just a small part of the reems of advice dispatched over a beer[emoji52]

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[Upnotover]

A working expat can certainly get a car loan and credit cards without any additional security.  Non-working expats can get a car loan with a Thai guarantor and credit cards with a security deposit held by the bank. 

[allyally]

Thanks.

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[jeab1980]

4 hours ago, Upnotover said:

A working expat can certainly get a car loan and credit cards without any additional security.  Non-working expats can get a car loan with a Thai guarantor and credit cards with a security deposit held by the bank. 

Not altogether true. As a retired farang i got a car loan without any problem no thai guarantee needed. I have a credit card but obtained it whilst working no security deposit required then.

[Minnehaha]

11 hours ago, jeab1980 said:

Not altogether true. As a retired farang i got a car loan without any problem no thai guarantee needed. I have a credit card but obtained it whilst working no security deposit required then.

I can echo this.

And add my friend has credit cards obtained while he was working, and using them well they have increased his line of credit to 1MB total among the 3 cards. 

 

Overdraft for personal use... I have never seen. We have it for company accounts. Car loan can be got with good credit and this is because the fina ce company doing this has its own criteria. Like the few company doing loans to foreigner working long time with high salary who can get loan to buy condo, and enjoy 7% interest and for short duration only. 

 

 

 

[theoldgit]

I think it's all pretty much hit and miss, as a retiree I had no problem getting a loan for a car without any guarantor, likewise I applied for an Amex Credit Card, following a mail shot, and was issued with one without any sort of deposit, not sure if I slipped through the net but they've since increased my limit, they're fully aware I've never worked in Thailand.

[graeme64]

can some one please mention which banks they are getting credit cards from. I have asked BBK bank and SCB - neither even asked if I was working - just said no.??

[jeab1980]

1 hour ago, graeme64 said:

can some one please mention which banks they are getting credit cards from. I have asked BBK bank and SCB - neither even asked if I was working - just said no.??

Have credit card from BKK Had one from SCB but cancelled it on retirement  (not needed) BKK one still have for emergancy use.

[dotpoom]

21 hours ago, Upnotover said:

A working expat can certainly get a car loan and credit cards without any additional security.  Non-working expats can get a car loan with a Thai guarantor and credit cards with a security deposit held by the bank. 

I got 2 credit cards from K Bank without even asking for them (never activated them). It is not even my main.bank, only keep a few thousand baht in it. I am retired here for over 16 years.

[wazzadg44]

Hi-I have several million baht in accounts with Kasikorn-last week I asked if I could get a credit card-I'm retired here 7 years-never worked. They said yes- if you lodge 150,000 baht insurance for one year. I said no thanks.

[richard_smith237]

5 minutes ago, wazzadg44 said:

Hi-I have several million baht in accounts with Kasikorn-last week I asked if I could get a credit card-I'm retired here 7 years-never worked. They said yes- if you lodge 150,000 baht insurance for one year. I said no thanks.

If you have several million baht in accounts with Kasikorn why wouldn't you agree to lock 150,000 baht away for the convenience of a Credit Card?  (sometimes more than a Debit card is required). 

 

Could it be you made an emotional decision out of annoyance and irritation rather than one based purely on logic ?

 

Ultimately, if it were your bank would you offer a foreigner who isn't working and has no local ties a line of credit ?

[grollies]

I use only cash.

[ericthai]

12 hours ago, graeme64 said:

can some one please mention which banks they are getting credit cards from. I have asked BBK bank and SCB - neither even asked if I was working - just said no.??

Just like trying to open a bank account you need to keep asking different branches.  Typically in Thailand each office has their own rules. 

[theoldgit]

12 hours ago, grollies said:

I use only cash.

 

Good for you, as a matter of interest how do you get round the request for a credit card when checking in at a hotel, buying flight tickets online or renting a car - or don't you do any of these?

 

[grollies]

3 minutes ago, theoldgit said:

 

Good for you, as a matter of interest how do you get round the request for a credit card when checking in at a hotel,

Never been asked for one, just passport and cash.

 

3 minutes ago, theoldgit said:

buying flight tickets online - Debit card

 

 

 or renting a car - don't

 

- or don't you do any of these?

 

 

Cheers

[Crossy]

On 30/05/2017 at 10:04 AM, graeme64 said:

can some one please mention which banks they are getting credit cards from. I have asked BBK bank and SCB - neither even asked if I was working - just said no.??

 

Thai cards with AmEx and Citi, no deposit with either, I'm working.

[richard_smith237]

3 hours ago, grollies said:

3 hours ago, theoldgit said:

 

Good for you, as a matter of interest how do you get round the request for a credit card when checking in at a hotel,

Never been asked for one, just passport and cash.

 

Quote

buying flight tickets online - Debit card

 

 

 or renting a car - don't

 

- or don't you do any of these?

 

 

Cheers

 

I've had issues using Debit Cards when attempting to book a flight online and over the phone. Some Airlines would only accept a Credit Card. 

 

Cash only at hotels ?....  I'd find it quite impossible to travel anywhere without credit cards. It may be relatively simple in Thailand by paying in advance and leaving a cash deposit, but internationally? How can you book a room? 

 

 

 

[wazzadg44]

To ID 13-Point1/150,000 was insurance not security deposit-money gone. I have  a Visa credit card with my oz bank.

 

Point2/ I was neither irritated or annoyed-it gets you nowhere here.

 

Point3/ As for no ties, I have a fully paid for house,a Thai wife and family and the bank is aware of that.

 

Thanks for your input,misguided as it maybe.

[grollies]

2 hours ago, richard_smith237 said:

 

I've had issues using Debit Cards when attempting to book a flight online and over the phone. Some Airlines would only accept a Credit Card. 

 

Cash only at hotels ?....  I'd find it quite impossible to travel anywhere without credit cards. It may be relatively simple in Thailand by paying in advance and leaving a cash deposit, but internationally? How can you book a room? 

 

 

 

We only travel back to the UK once a year. Never had an issue using HSBC debit card to book a flight inline.

 

Hotels, usually go on spec and pay cash upfront on check-in, although last visit to BKK secured booking using debit card.

 

Haven't had a personal credit card for getting on for 20 years. Don't buy goods online, accounts bills, etc settled with online banking.