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travelnguy
Joined: 27 Sep 2007
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 Posted: Fri Oct 14, 2011 5:07 pm Post subject: Leaving Korea but keeping Korean credit card active |
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| Has anyone left Korea but continued to use your Korean credit card? I am leaving at the end of February and will need to use my credit card to pay for car rentals. I'm leaving money behind in my bank account to cover what we will use. I'm worried that once I leave and hand in my ARC that my credit card will stop working. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Oct 14, 2011 7:33 pm Post subject: Re: Leaving Korea but keeping Korean credit card active |
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| travelnguy wrote: |
| Has anyone left Korea but continued to use your Korean credit card? I am leaving at the end of February and will need to use my credit card to pay for car rentals. I'm leaving money behind in my bank account to cover what we will use. I'm worried that once I leave and hand in my ARC that my credit card will stop working. |
I continued to use my samsung and woori credit cards even between ARCs and when out of the country. As long as your bill is paid on time it is no different than a C/C from home in that regard.
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travelnguy
Joined: 27 Sep 2007
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| Posted: Fri Oct 14, 2011 8:30 pm Post subject: |
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| Always the man with the answer. Thanks ttompatz. |
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Missihippi
Joined: 22 Oct 2007
Location: Gwangmyeong
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| Posted: Fri Oct 14, 2011 9:42 pm Post subject: |
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| for curiosity's sake -- what happens when you don't pay the bills after you leave? shitty thing to do, but i'm sure someones done/tried it before |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Fri Oct 14, 2011 11:23 pm Post subject: |
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| Missihippi wrote: |
| for curiosity's sake -- what happens when you don't pay the bills after you leave? shitty thing to do, but i'm sure someones done/tried it before |
Primary reason why it's difficult for foreigners to get Korean credit cards. |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Sun Oct 16, 2011 4:04 am Post subject: |
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| Missihippi wrote: |
| for curiosity's sake -- what happens when you don't pay the bills after you leave? shitty thing to do, but i'm sure someones done/tried it before |
Despite what many people think, money can be collected from people who have left the country. If you skip on your Korean credit card, they can sell the debt to a collector in your home country who will then pursue you for payment. Or they retain ownership of the debt and pursue you themselves using debt collectors from your home country. They can also register a Korean judgement in your home country. For those that are moving to third country, they can probably find that out as well. This is particularly pertinent for those going to some countries like U.A.E. that still have debtors prison.
I have heard many US card companies do not chase internationally unless they are looking at around $50,000. I wouldn't count on Korean companies being so lenient.
If you live today, you leave a digital footprint, Facebook has been used to serve notices to appear in court, and led to the arrest of the guy that stole a few million dollars from New Zealand. |
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