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chocolacharat
Joined: 11 Mar 2007
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 Posted: Wed Nov 21, 2007 4:32 am Post subject: BEST credit card to have while in Korea? |
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| Hi there, I want to apply for a credit card and I was wondering what the best card to have is in Korea. If it helps at all I am Canadian =D |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Wed Nov 21, 2007 4:33 am Post subject: |
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| VISA |
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aaabank
Joined: 27 Feb 2007
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| Posted: Wed Nov 21, 2007 4:42 am Post subject: |
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| one with airline miles with the airline you use. and make sure you pay it off in full every month. |
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chocolacharat
Joined: 11 Mar 2007
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| Posted: Wed Nov 21, 2007 5:03 am Post subject: |
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Okay new problem. Been looking at websites to apply for credit cards and you have to be a resident of Canada?
Is there somewhere I can apply that I can have an address abroad? |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Wed Nov 21, 2007 5:15 am Post subject: |
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Too bad it's not international, you have to go with something from your home country. Many American credit cards to my understanding do work all around the world, particularly the business class cards. KEB in Korea offered me a 1 million won credit if I guaranteed 1.2 million won, but it only was to work in Korea. I think the American system is anal as it requires a solid work history in the US, assets or co-signer, and a verifiable credit history or having rich parents and money in the family. Credit cards are for the rich or those who earn good money with a solid work history! It's about the rich lending money to banks who pay perks such as points or air miles in return.
If you can do it, then more power to you. |
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Atavistic
Joined: 22 May 2006
Location: How totally stupid that Korean doesn't show in this area.
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| Posted: Wed Nov 21, 2007 5:34 am Post subject: |
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| sojourner1 wrote: |
| I think the American system is anal as it requires a solid work history in the US, assets or co-signer, and a verifiable credit history or having rich parents and money in the family. Credit cards are for the rich or those who earn good money with a solid work history! It's about the rich lending money to banks who pay perks such as points or air miles in return. |
WTF are you on? I got my first credit card at 18, when I was in high school making $7.25 an hour. My father has NO income, my mother was a college student.
In America, if you can't get a credit card in college, something is seriously wrong with you. Credit card companies throw cards at college kids. |
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Hank the Iconoclast
Joined: 08 Oct 2007
Location: Busan
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| Posted: Wed Nov 21, 2007 5:47 am Post subject: |
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| Atavistic wrote: |
| sojourner1 wrote: |
| I think the American system is anal as it requires a solid work history in the US, assets or co-signer, and a verifiable credit history or having rich parents and money in the family. Credit cards are for the rich or those who earn good money with a solid work history! It's about the rich lending money to banks who pay perks such as points or air miles in return. |
WTF are you on? I got my first credit card at 18, when I was in high school making $7.25 an hour. My father has NO income, my mother was a college student.
In America, if you can't get a credit card in college, something is seriously wrong with you. Credit card companies throw cards at college kids. |
I know..it's easy as anything to get a credit card. It's a bit more difficult to get one without interest rates that kill you but you can get one through your bank without any hassle. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Nov 21, 2007 6:11 am Post subject: |
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| chocolacharat wrote: |
Okay new problem. Been looking at websites to apply for credit cards and you have to be a resident of Canada?
Is there somewhere I can apply that I can have an address abroad? |
Are you in Canada or Korea?
IF you are in Korea, where are you working (hakwon, PS, uni)?
Uni profs and PS teachers can get UNSECURED credit cards from a number of places including but not limited to: Samsung, LG, Shinsaegae.
If you work at a hakwon you are limited to a bank credit card that is secured by a term deposit. The advantage is that your term deposit will earn about 5% interest.
With Korean cards the balances USUALLY have to be paid off in full, MONTHLY.
There is a provision to make time purchases/payments on your card but the interest rates are killer and you have to decide at the time of purchase. |
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Atavistic
Joined: 22 May 2006
Location: How totally stupid that Korean doesn't show in this area.
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| Posted: Wed Nov 21, 2007 6:43 am Post subject: |
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| Hank the Iconoclast wrote: |
| Atavistic wrote: |
| sojourner1 wrote: |
| I think the American system is anal as it requires a solid work history in the US, assets or co-signer, and a verifiable credit history or having rich parents and money in the family. Credit cards are for the rich or those who earn good money with a solid work history! It's about the rich lending money to banks who pay perks such as points or air miles in return. |
WTF are you on? I got my first credit card at 18, when I was in high school making $7.25 an hour. My father has NO income, my mother was a college student.
In America, if you can't get a credit card in college, something is seriously wrong with you. Credit card companies throw cards at college kids. |
I know..it's easy as anything to get a credit card. It's a bit more difficult to get one without interest rates that kill you but you can get one through your bank without any hassle. |
So what? Pay it off in full every month. |
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