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AussieGav
Joined: 02 Sep 2007
Location: Uijeongbu
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 Posted: Mon Nov 24, 2008 6:25 pm Post subject: Samsung (or other) credit cards |
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I know there was a thread on this recently, but I wasnt able to find it.
I know that we can get a Samsung crdit card and someone said they organised it over the phone. My wife rang them to see what I needed to do and they said that I would have to go into the ofice. Not really such a major issue but the office is some distance away and only open duing my working hours and I was hoping not to ahve to take time off to do his.
Does anyone have any experieince with this? Or know he number to call to arrange it over the phone? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Nov 24, 2008 6:42 pm Post subject: Re: Samsung (or other) credit cards |
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| AussieGav wrote: |
I know there was a thread on this recently, but I wasnt able to find it.
I know that we can get a Samsung crdit card and someone said they organised it over the phone. My wife rang them to see what I needed to do and they said that I would have to go into the ofice. Not really such a major issue but the office is some distance away and only open duing my working hours and I was hoping not to ahve to take time off to do his.
Does anyone have any experieince with this? Or know he number to call to arrange it over the phone? |
Go to the kiosk at home plus or any samsung department / electronics store. Fill in the application. They ARE open after bankers hours and on the weekends.
Take your ARC.
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definitely maybe
Joined: 16 Feb 2008
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| Posted: Mon Nov 24, 2008 6:55 pm Post subject: |
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| both samsung and keb went out of their way to find me at my office, and i'm all the way out in pocheon! where are you working? |
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Jeff's Cigarettes
Joined: 27 Mar 2007
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| Posted: Mon Nov 24, 2008 7:46 pm Post subject: |
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| I had no problem getting my Samsung card over the phone. |
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CeleryMan
Joined: 12 Apr 2007
Location: Seoul
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| Posted: Mon Nov 24, 2008 8:56 pm Post subject: |
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Getting a Samsung card is a walk in the park... as secured credit (balances directly drawn from your checking account).
Getting a Samsung card as unsecured credit (balances not drawn against one's checking account) is near impossible as a foreigner.
Right or wrong? |
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Rumple
Joined: 19 Sep 2007
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| Posted: Mon Nov 24, 2008 9:18 pm Post subject: |
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| CeleryMan wrote: |
Getting a Samsung card is a walk in the park... as secured credit (balances directly drawn from your checking account).
Getting a Samsung card as unsecured credit (balances not drawn against one's checking account) is near impossible as a foreigner.
Right or wrong? |
That's not the right definition of secured and unsecured. A secured card you pay a deposit on. The loan is secured by your deposit. A card where your balance is deducted in full every month is called a charge card (like the original American Express).
Some folks with Samsung cards don't know they can call up and ask for anywhere from 10 to 100 percent to be withdrawn every month. The default setting is 100%, unless you ask.
In Korea, an unsecured card isn't called "unsecured" by Koreans. It is called a revolving credit account (which is another name we use in the states too). "Revolving" has been Konglishized. Or Konglishised if you're British. |
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AussieGav
Joined: 02 Sep 2007
Location: Uijeongbu
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| Posted: Mon Nov 24, 2008 9:29 pm Post subject: |
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| definitely maybe wrote: |
| both samsung and keb went out of their way to find me at my office, and i'm all the way out in pocheon! where are you working? |
I'm in Uijeongbu, so a bit closer to Nowon, which appears to be the office location. Thanks. |
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AussieGav
Joined: 02 Sep 2007
Location: Uijeongbu
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| Posted: Mon Nov 24, 2008 9:29 pm Post subject: |
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| Jeff's Cigarettes wrote: |
| I had no problem getting my Samsung card over the phone. |
Do you happen to have the number that you called? |
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CeleryMan
Joined: 12 Apr 2007
Location: Seoul
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| Posted: Mon Nov 24, 2008 9:52 pm Post subject: |
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| Rumple wrote: |
| CeleryMan wrote: |
Getting a Samsung card is a walk in the park... as secured credit (balances directly drawn from your checking account).
Getting a Samsung card as unsecured credit (balances not drawn against one's checking account) is near impossible as a foreigner.
Right or wrong? |
That's not the right definition of secured and unsecured. A secured card you pay a deposit on. The loan is secured by your deposit. A card where your balance is deducted in full every month is called a charge card (like the original American Express).
Some folks with Samsung cards don't know they can call up and ask for anywhere from 10 to 100 percent to be withdrawn every month. The default setting is 100%, unless you ask.
In Korea, an unsecured card isn't called "unsecured" by Koreans. It is called a revolving credit account (which is another name we use in the states too). "Revolving" has been Konglishized. Or Konglishised if you're British. |
Run that by me again pro favor. Secured implies there is collateral like cash... the latter unsecured or revolving doesn't require collateral, right? |
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Jeff's Cigarettes
Joined: 27 Mar 2007
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| Posted: Mon Nov 24, 2008 10:12 pm Post subject: |
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| Of course, and it's not "like cash" it is cash. |
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Otherside
Joined: 06 Sep 2007
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| Posted: Mon Nov 24, 2008 11:19 pm Post subject: |
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| CeleryMan wrote: |
Getting a Samsung card is a walk in the park... as secured credit (balances directly drawn from your checking account).
Getting a Samsung card as unsecured credit (balances not drawn against one's checking account) is near impossible as a foreigner.
Right or wrong? |
I have an unsecured card. I was eligible for a limit up to 5million won. |
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Jeff's Cigarettes
Joined: 27 Mar 2007
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| Posted: Mon Nov 24, 2008 11:45 pm Post subject: |
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I only pay 20,000 per yr for my cards services and can use it overseas. I like saving money and dislike paying interest to finance companies. That's the good thing about the Samsung card, you can use it instead of money. All comes out the day after pay day and no interest is charged.  |
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valkerie
Joined: 02 Mar 2007
Location: Busan
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| Posted: Tue Nov 25, 2008 3:57 am Post subject: |
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My Samsung card arrived a few days ago. Easy and painless process to get it...(went to Bundang).
I first spoke to someone at the helpline and was told that they now only process you over the phone if you received an invite to apply.
Have the helpline number somewhere if anyone needs it. |
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Rumple
Joined: 19 Sep 2007
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| Posted: Tue Nov 25, 2008 4:02 am Post subject: |
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| CeleryMan wrote: |
| Rumple wrote: |
| CeleryMan wrote: |
Getting a Samsung card is a walk in the park... as secured credit (balances directly drawn from your checking account).
Getting a Samsung card as unsecured credit (balances not drawn against one's checking account) is near impossible as a foreigner.
Right or wrong? |
That's not the right definition of secured and unsecured. A secured card you pay a deposit on. The loan is secured by your deposit. A card where your balance is deducted in full every month is called a charge card (like the original American Express).
Some folks with Samsung cards don't know they can call up and ask for anywhere from 10 to 100 percent to be withdrawn every month. The default setting is 100%, unless you ask.
In Korea, an unsecured card isn't called "unsecured" by Koreans. It is called a revolving credit account (which is another name we use in the states too). "Revolving" has been Konglishized. Or Konglishised if you're British. |
Run that by me again pro favor. Secured implies there is collateral like cash... the latter unsecured or revolving doesn't require collateral, right? |
Yes, you are right. If you want a secured card, you basically give the bank money and they provide you credit equal to (or a little over) the amount you pay them. Often it is equal, but sometimes you can get like 120% (so if you give them $1000, they might give you $1200 in credit). While some may say "Why bother?" The answer is because you can't make a rental car reservation in some countries (like the USA) with a debit card...you must use a credit card.
I didn't give Samsung anything. I applied, they called and interviewed me (mostly just about how much I made. I exaggerated a little and they didn't check), and then asked me how much of a limit I wanted. I asked "What's customary?" They said "Max is usually twice your monthly income." I told them I was making 3 mil a month, so I asked for a 5 mil limit, and I got it. I asked how much they take out each month. They said "100%." I asked if that was adjustable, and they said "Sure, any number between 10% and 100%." So now they take out 10% of my total balance each month, unless I call them and tell them to take more. |
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diver
Joined: 16 Jun 2003
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| Posted: Tue Nov 25, 2008 4:08 am Post subject: |
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| Rumple wrote: |
| CeleryMan wrote: |
| Rumple wrote: |
| CeleryMan wrote: |
Getting a Samsung card is a walk in the park... as secured credit (balances directly drawn from your checking account).
Getting a Samsung card as unsecured credit (balances not drawn against one's checking account) is near impossible as a foreigner.
Right or wrong? |
That's not the right definition of secured and unsecured. A secured card you pay a deposit on. The loan is secured by your deposit. A card where your balance is deducted in full every month is called a charge card (like the original American Express).
Some folks with Samsung cards don't know they can call up and ask for anywhere from 10 to 100 percent to be withdrawn every month. The default setting is 100%, unless you ask.
In Korea, an unsecured card isn't called "unsecured" by Koreans. It is called a revolving credit account (which is another name we use in the states too). "Revolving" has been Konglishized. Or Konglishised if you're British. |
Run that by me again pro favor. Secured implies there is collateral like cash... the latter unsecured or revolving doesn't require collateral, right? |
Yes, you are right. If you want a secured card, you basically give the bank money and they provide you credit equal to (or a little over) the amount you pay them. Often it is equal, but sometimes you can get like 120% (so if you give them $1000, they might give you $1200 in credit). While some may say "Why bother?" The answer is because you can't make a rental car reservation in some countries (like the USA) with a debit card...you must use a credit card.
I didn't give Samsung anything. I applied, they called and interviewed me (mostly just about how much I made. I exaggerated a little and they didn't check), and then asked me how much of a limit I wanted. I asked "What's customary?" They said "Max is usually twice your monthly income." I told them I was making 3 mil a month, so I asked for a 5 mil limit, and I got it. I asked how much they take out each month. They said "100%." I asked if that was adjustable, and they said "Sure, any number between 10% and 100%." So now they take out 10% of my total balance each month, unless I call them and tell them to take more. |
Yes, but secured/unsecured and revolving credit/non-revolving credit are different things. You CAN get revolving credit on a secured card.
Also, where do you work? Samsung used to only give cards to those at public schools or unis. Have they changed their policy?
Re: the secured cards - your credit is LESS than your deposit. I forget what it is exactly...90-95% or so of what you deposit with the bank. |
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