Korean Job Discussion Forums

[pidgin]

Anyone know how likely it is to get a Korean issued C.C.??

I googled and found some 5 year old threads...

I've been told you must put down a hefty deposit as an E2 holder, but what about F-2s and beyond??

I'm American, 37... standard teacher's wage (2 years w/ same company, new contract just signed) F-2 visa status.

I am curious about E-2s ability to get one too, tho I just recently got an F-2.

thanks.

[pandemic902]

Well both my E-2 self and my E-2 GF have one thru 농협 but it's secured...i.e. you pay the FULL balance off each billing period. We both make the same salary but I have a higher limit than her (guess your credit rating matters).

As an F-2 you should have zero problems especially as you have an in-house translator

[pidgin]

Ahh...thanks for the reply.

I don't really need a translator but I do need a decent credit card company that will give foreigners CREDIT at fair interest (rather than total pay-off limits or deposits).

[Atavistic]

Samsung will give one to public school teachers and a few other groups. I got one, no problem. I should note that I paid it off in full every month because that's the way I use credit cards.

[ttompatz]

E2 or F2 AND working at a hakwon = security deposit required (they don't trust your employer).

E2 or F2 and PS,l public university or corporation and you CAN get an unsecured card from LG, Samsung or possibly KEB (credit worthiness test).

The security deposits that foreigners usually have to leave at banks are 110% of the credit limit. The money is put into a term deposit (right now at about 5.5%APR) and used as security for your card.

Korean credit cards are NOT revolving credit like at home. They USUALLY require you to pay the balance in full each month. The exception would be larger purchases that you indicate at the time of purchase you want to pay over time. The interest rate varies from 12%-28.8% depending on the card and type of purchase.

.

[big_fella1]

My understanding is that all foreigners are subject to a more stringent check than Koreans. The credit rating of your employer will be used if you work for a private company so while your Korean colleagues may be able to get a credit card you may not. Samsung, KEB will accept you if you work for a government body, KOSPI listed, KOSDAQ listed company, or a list of others ( I tried to claim to be a professional sports person) but I was declined due to my companies credit rating. Of course this is Korea, you will get a different answer depending on where/who you ask but you know this

[gteacher]

[Young FRANKenstein]

[thematrixiam]

I'd be curious if you can just have a current card transfered over.

I have a visa from canada and I use it in korea. Maybe you can call around and just ask them to change the currency or switch it to a korean company. But not sure if it's possible.

[cdpak]

I just got turned down for a Samsung card even though I work for a ps through SMOE. They said they don't issue credit cards to temporary workers. What a bunch of bs...

[superdave]

[ttompatz]

banks don't trust foreigners who work as teachers.

Samsung or LG if you want an unsecured card.

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[diver]