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McNasty
Joined: 04 Jul 2003
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 Posted: Thu Jun 23, 2005 1:47 pm Post subject: CCards for foreigners! |
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Bank creates plastic for use by foreigners
June 24, 2005 �� A local bank has announced plans to make it easier for foreigners living in South Korea to get credit cards.
Korea Exchange Bank, South Korea's fifth-largest lender, said it will begin issuing credit cards designed specifically for foreign residents on July 4. In the past, many Korean banks required foreign customers to keep on deposit an amount equal to the value of the card's limit. The new card waives this requirement, meaning that any foreigners who are employed by local companies and can prove they have a certain level of income will be eligible.
Korea Exchange Bank, as part of a government-initiated project to improve local investment conditions for foreigners, is expected to place English-speaking customer representatives in its customer call centers to make the application process easier.
http://joongangdaily.joins.com/200506/23/200506232257231139900090509052.html
I never thought I'd see the day!
McNasty |
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dulouz
Joined: 04 Feb 2003
Location: Uranus
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| Posted: Thu Jun 23, 2005 1:55 pm Post subject: |
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| I liked it when they made it difficult to get credit cards. I didnt have a problrem with that. |
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McNasty
Joined: 04 Jul 2003
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| Posted: Thu Jun 23, 2005 2:03 pm Post subject: |
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| dolouz wrote: |
| I liked it when they made it difficult to get credit cards. I didnt have a problrem with that. |
The question that needs to be asked is how long before the offer is taken off the table? |
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rumpolestitskin
Joined: 12 Jun 2005
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| Posted: Thu Jun 23, 2005 3:40 pm Post subject: |
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How do they intend to sop people maxing the card out and then clearing off? I know many people who after a year here intend never to come back. I can't see any bank following you for much less then 10K
Id KEB owned by Koreans or is it a foreign owned bank? |
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mishlert
Joined: 13 Mar 2003
Location: On the 3rd rock from the sun
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| Posted: Thu Jun 23, 2005 4:00 pm Post subject: |
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Though not a bank credit card:
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I just got a Samsung Amex card, and it's valid till 2008.
When I was called to verify information I asked the woman about foreigners getting credit cards in Korea, and she told me the following for getting a Samsung card:
1) An applicant must make 1.2 mil a month.
2) When applying bring alien reg. card, and bank book.
3) Hogwon teachers must show proof of salary from the school
4) University teachers need not worry about proof as the bank book is sufficent; the company sees a uni job as more stable.
5) In both cases the schools will be called, so have the number when applying.
In Korea when you use your charge card you can spread out the payments up to 6 month, depending on the store.
For more information you can call Samsung Card directly at 02 2197 8706.
Don't worry, whoever answers the phone at that number speaks English. |
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