[Update : Check out how we finally got a credit card] One last note, foreigners rarely consider them, but there are some long established government owned banks. Thank you. Don’t go to the bank go to the KTC store, they have in most malls in major cities. 2.Work permit at least 1 year. The card I was approved for shows a 5,000 Baht yearly fee but at the branch they had a promotion which means I never have to pay the fee providing I spend money on the card at least once a month. So Call Bangkok Bank's Bualuang Phone service on 1333 or (66) 0 2645 5555, or our Cardmember Service Center on (66) 0 2638 4999 to cancel your card as soon as possible. Interest Something great about KTC credit cards is they will let you pay for large purchases in installments. It is of course possible to get a credit card from other companies in Thailand but it comes with heavy restrictions and salary requirements out of the reach of many here. Whilst you aren’t guaranteed to be accepted I feel the KTC credit card for foreigners in Thailand is the best option for a lot of people. got two jobs already and my recent work permit is valid until november 11, 2017 and my non-b visa is valid until january 2018. would this situation affect my application of credit card? It’s available in English and Thai on android and IOS. Many people receive a credit card within a week of submitting all documents. The search for a credit card for foreigners in Thailand is a difficult one full of hurdles and rejections. How can I get my card back? Running LifeInANewCountry.com teaching and writer of Settling in Thailand expat book. For expats and foreigners living in Thailand and considering applying for a credit card, be aware, getting a Thai credit card is not exactly a walk in the park, but it can be done. Again check the cost table to see the different options and the fees you might have to pay. yes. You are also sent a PIN so you can use the card abroad or at an ATM. I have only ever done a bank transfer once and that was with SCB and it cost around 1,500 Baht in fees so it was quite expensive. This includes grocery shopping and most of the shops are offering delivery services which becomes more convenient for customers. I have found the (possible) answer for foreigners living in Thailand who want a card without having to first deposit money or have a salary of over 100,000 Baht. My salary from my job is 54,500 Baht before tax and I have been in the same position for 3 years. I have just been given a credit card with an 80,000 Baht limit and no need to pay a deposit so I wanted to share my experience and help you out. AEON Rabbit Platinum Card Special Apply online today Waive annual fee for card period and Get Big C E-Coupon 300 THB. I began inquiring about these since last year so maybe some requirements change this year. Chiang Rai Times l CTN News is a free news portal delivers latest breaking news and top stories updates in Thailand, Asia Pacific and across the World thailand credit card for foreigners – CTN News l … I honestly haven’t looked around and compared prices vs stores and online shops but it could be an option if you build up significant points. The good news is that the KTC website is in English so you can read all the details before you want before you even go to the branch to apply. I know people who have been in Thailand for over 8 years and make in excess of 80,000 a month and are still rejected. I applied with 5 months on my work contract. The interview is in English and the customer service team there were helpful. Pay by cash or check at a bank counter at any branch (Checks should be payable to Kasikorn Thai Bank for credit card accounts) Pay through other channels, for example: Counter Service / Thailand Post / Tesco Lotus / TOT Just Pay / BAAC (Bank for Agriculture and Agricultural Cooperatives) / mPay Station Many items also are available on the Ushop with interest free payment options spread between 3-10 months. My girlfriend and I both applied and were accepted for KTC credit cards so below is the info about us to show what you need to apply for a card. The ones that I see "friendly" for foreigners are: - Citibank Thailand - American Express Thailand - Siam Commercial Bank - Krungthai - Krungsri Requirements: Within a few days I received an SMS saying I had been approved and to come to the branch 2 days later to collect my new card. This site does not include all credit card companies or all available credit card offers. The process is really easy and the bill will come in English and Thai so you can read through the information with ease. Hi it depends if you have employment after January probably. Read the details of each type of SCB credit card. the teller told me that i should have 2 years on my work permit. For example, Citibank Royal Orchid Plus Select requires foreigners to earn a minimum of 80,000 Baht per month in order to apply for a credit card but Thai’s are only required to earn a minimum of 30,000 Baht per month. 1.Copy of ID passport. There is then an application form which you need to fill in. As always make sure you read the fine print regarding fees and charges before signing up for any credit card. Choose the card that works for you. Moreover, if you are earning a really decent salary then it comes down to the benefits and loyalties the credit card company offers. One had transformed a regional branch of a major energy company into a multi-million dollar Thailand … The SMS was in Thai so you will need a Thai person to help if you cant read Thai. Krung Thai Bank, however, will only If you know right cards for foreigners, fill the application correctly and … If you want to get everything done on your first visit you will need to take the following with you. Credit Card Loan Personal Loans Home Loan Auto Loans Guides Lending Rates Insurance Life Insurance Non-life Insurance Investment Mutual Funds Stocks Derivatives / Futures Exchange Services Money Transfers and Bill Simply open Krungsri Saving account to be pledged for secured credit card. Krungsri Credit Card No matter what kind of shopping you're looking for, Kungsri Credit Card designed our products to meet all of your lifestyle. Most major cards are accepted in foreign countries. Her bank statements showed balances around the same as mine. Often entrepreneurs are required to show a longer term of employment and income history. Apply KTC credit card online today. Picking up my card was easy enough. previous month i had applied for a credit card in SCB bank with five month salary slip and five month bank statement.now i know for sure its going to get rejected. Using a credit card reduces costs as you have to pay less foreign exchange surcharges compared to if you were withdrawing cash at the banks. In some shops they will offer special offers for KTC card holders with interest free payments between a three-ten month period depending on the value of the item. I was given the top level card and a monthly limit of 80,000 Thai Baht. For foreigners who are willing to apply for a credit card in Thailand they must meet some of the requirements. They have set up … This card does state there is a 5,000 Baht yearly fee but when I applied in the branch it was waived as a promotion – I’ll go into more details in the application guide below. Its been unser processing for 12 days. Sign up to Transferwise: https://swiy.io/gotransferwise (free USD payments)Ready to build your Amazon business? The app is really good as it gives you a live update of your spend and the option to pay off the card at the end of the month. thank you very much for this. and if i have 50k salary but in my work permit is not 2 years validity, would it matter instead? I already had medical insurance and don’t drive so the other cards benefits weren’t as good in my opinion. My credit card was retained by an ATM. KRABI: Police in Krabi arrested five suspects and are looking for two more involved in alleged credit card fraud to purchase a hotel this weekend. Step forward KTC who offer a range of credit cards to foreigners living in Thailand. Minimum Total relationship balance is THB 1,000,000 or equivalent for opening a foreign currency account and maximum account balance is in accordance with Bank of Thailand… The process of applying for a credit card is as simple as downloading a form online and sending it to the designated company with all your details filled in. Special privilege on your birthday. This is the link to apply online and they will contact you to find your nearest branch, https://www.ktc.co.th/sites/ktc/apply/apply-form.html. Nonetheless, in recent years we have seen a slight shift in policies to allow foreigners limited access to financing. As a Visa card it is widely accepted and I have used it online to pay for a couple of bills too. 6 Months Bank Statement – Thai Bank printed out in last 7 days. For foreign business owners it becomes a little hard as there are additional documents that you need to provide in order to qualify. It is possible they will review your application but it could be a reason for rejection. Enjoy the credit card that does not require a minimum income declaration from you. Even so, SCB remains among the best banks in Thailand for foreigners because non-residents can open an account with just a passport and funds to deposit. Cost of Living, living Depending on the banks, the rules of applying for a credit card varies. Enter your email below to get our latest posts first. Perhaps the strongest rebuttal to the argument that Thailand is a dead-end for foreigners hoping to make it were the two senior managers/CEOs we interviewed for Working In Thailand. In short this app is superb. thank you. The other option is to set up a monthly direct debit from your bank which automatically is taken. credit limit 100% percent of my monthly income. My card comes with World-wide travel insurance which is probably worth almost the amount of the fee but perhaps you are already covered or do not plan to travel. There is an app for KTC credit cards called TapKTC. I wanted a credit card in Thailand for a couple of different reasons. Foreigners generally cannot mortgage properties in Thailand Mortgage lending by local banks to foreigners was virtually unheard of in Thailand. My Thai girlfriend’s salary is 23,500 Baht before tax and she has worked in this position for just under a year. i will. I recommend having a look at the options and see which will benefit you the most. god bless, hello, how are you? No annual fee, earn unlimited points with no expiration, get cashback, and special privileges with KTC credit card. Monthly bills are sent via email, in the post and can be viewed on the KTC app. ด จ ตอล ย วร แคช-เอ สม ครด จ ตอล ย วร แคช-เอ ร บโค ดส วนลดบ กซ ม ลค า 300 บาท* เม อม ยอดใช จ ายผ านบ ตรครบ 3,000 บาทข นไปภายใน 30 ว นน บจากว นอน ม ต บ ตร I imagine if you are transferring a small amount (under 10,000 Baht) then PayPal is maybe quicker and easier but over this amount a bank transfer will work out with the better exchange rate. The first step is to find your local center – click this link and search. For example my 18,000 yearly fitness membership is split over six months and the extra interest is around an extra 800 baht. You need to have 2 years working at your current company to apply. Bangkok Bank credit cards are available to foreign applicants who are permanent residents or have had a work permit for at least one year. Actually, it is not easy for foreigners to have credit cards issued in Japan because many foreigners do not know the appropriate way to apply for a credit card or right credit cards. thank you for your answer. KTC Reward points (link in Thai) can either be redeemed at certain shops and restaurants to receive a discount or as a cash back which will come off your end of month statement. If you do not wish to use the app you can take your bill to a KTC branch or visit your local 7/11 where you can make payment. For foreigners who are willing to apply for a credit card in Thailand they must meet some of the requirements. Copyright © 2020 | WordPress Theme by MH Themes. British guy living and working in Bangkok, Thailand since 2013. I would go speak to the branch they will be able to give you an answer. The first is that I saw there are many promotions out there when you use a credit card such as 10 months 0% interest on purchases at many large stores such as HomePro and Index where I buy a lot of things from. Credit cards are becoming a necessity for most of the foreigners while they are in other countries. Also there are discounts to be had at restaurants and shops that I go to frequently. One document which seemed very important was the work permit. Monthly Cost of Living in Thailand December 2016, Monthly Cost of Living in Thailand January 2017, Again a very nice post to share. The different cards require different salaries with the top range cards needing a salary of 50,000 BHT a month or more. This has all the usual fields from your personal details to employment information. They told me that they would make a final decision within 5 working days and then if successful contact me to arrange the pickup of my card. Ive seen they are more open now at SCB but the limits and benefits aren’t the best. Just order with the American Express Credit Card and the gift set that has been beautifully organized will be delivered to the designated recipient, usually within … Hello there! It also pays 3x reward points on any overseas purchases so is useful when traveling abroad. It shows recent transactions, sends you messages wen payments are made and notifies you when your statement is ready. Whilst there are still credit checks and certain steps to follow the below are the key points which make a foreigner eligible to apply for a credit card. The Ultimate Platinum 1% … If you have any questions, or stories about credit card applications in Thailand, please feel free to share below in the comments section. Having over 50k a month helps. I have a few methods I use such as using PayPal for small amounts as it is easy, or paying for things in Baht for friends and family when they visit and they deposit in GBP in my UK account. Lately, the Citibank approval process is very quick. In the end I chose the KTC X Visa Signature which comes with 20,000,0000 Baht travel insurance and 2 free entries to the Royal Silk Lounge at Suvarnabhumi airport a year. Get a credit card by opening a Fixed Deposit Account No need to use a payroll slip – you can apply for a Bangkok Bank credit card and have your application approved if … You will see different cards have different benefit schemes from free travel insurance to discounts at hospitals and hotels. I am not married and speak beginner level Thai and that seemed fine for them. With the haste modern life, people tend to do a lot of online shopping which saves them time from going to a store physically. As you can see the above points make it possible for a large number of foreigners here to apply for a card. 17. i went to a krungthai bank last sunday. As you can see from the KTC website there are fees and charges attached to some of their cards. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. DEBIT CARDS LET’S SCB SUPER PLUS Debit Card Pays for medical expenses after an accident, with 24-hour service worldwide and admission to hospitals anywhere in the world. alright, i will try to apply in krungthai then, because i tried applying to other bank which they told me it is easy to get a credit card in there bank. A spokesperson for a major credit card issuer said that foreign applicants "are in no way screened more strictly just because they are foreigners." Only 1% Cash Withdrawal fee all ATMs it ended up with rejection again. Often, foreigners need to be earning more than Thai’s to open up an account in the same credit card company. Richard I want to share with you guys the requirements for credit card application in Thailand for those who are curious. Another key reason for applying was that I wanted more freedom of paying for things in Thailand without having to use my UK credit card. The big banks in Thailand such as Bangkok Bank and Siam Commercial Bank will request that you have a minimum monthly income of 50,000 -150,000 Baht before issuing a credit card. January 4, 2017 Foreigners who do not have a work permit may still be eligible to apply for the credit card on the condition that they are willing to deposit 100,000 to 200,000 baht as a fixed term deposit account with the banks as a guarantee. Hi, yes that is why I recommend KTC not one of the banks – follow the links in the article and visit KTC to open the account. There is normally a salary requirement of 100,000 Baht per month to qualify with SCB and Bangkok Bank, although I know someone with a lower salary getting approved at Kasikorn, but he has been here for 5 years. If you are outside Bangkok then you will need to select your location from the drop down menu on the left hand side of the page. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), สิ่งที่คุณต้องรู้เมื่อ(จะ)มีแฟนเป็นคนอังกฤษ, Valid work permit showing 2+ years with current employer, ุ 6 months bank statements and 6 months payslips. When receiving your postal bill you will get a voucher book which shows you which shops have deals and discounts when paying via your KTC credit card. It also shows you your remaining credit limit, points and payment due dates. If you do end up paying a fee then the decision you have to make is whether it is worth it. The app is in English and Thai so no need to worry about guessing what each menu means. hello, i have been living in thailand for more than two years. As such banks are now very reluctant to give credit cards to foreigners, especially those with a short history in Thailand. KTC is separate from the bank. KTC offers a different range of cards – click here to see the range. No credit card payment fee at more than 10,000 convenient locations nationwide. Yes, foreigners can apply Aeon credit card by preparing. i will probably go to there branch here to talk to them personally. I want to apply for relocationI have a question, Foreigners who do not have a work permit may still be eligible to apply for the credit card on the condition that they are willing to. KTC are linked to Krung Thai Bank (KTB) but offer different terms and credit lines to foreigners. but it ended up in rejection. After this your application is sent to the head office and you will receive a phone call within 5 working days just to confirm the information and for their team to ask you any additional questions. As you can see everything is in English which is something I really appreciated about KTC, they actually make it easy for foreigners to understand things! hello, yes they approved. can you help me with this? It also has your last six month’s statements. It is an interesting topic and something I’ll research more to write a full article on. * 22 October 2020 In light of this I think it is worth speaking to the staff at the branch when applying as it is possible there will be a promotion or option for you to avoid the fee. Step forward KTC who offer a range of credit cards to foreigners living in Thailand. The other thing to think about is whether your salary is high enough. Credit Card application. Kasikorn Bank requires foreign customers to have a minimum of one year's work experience in Thailand to apply for a credit card, with a 50,000 baht minimum monthly income. Most banks aren’t interested in giving credit cards to foreigners here in Thailand. 4.Copy of Bank account for last 6 months. Online purchases are done through a debit/credit card mostly and this saves the hassle of carrying the right amount of cash all the time upon delivery. How can I get my card back? I’m not saying that you are guaranteed to be accepted but I will show you my circumstances below and you can get a good idea if you are in the same boat as me. We won't use your email for anything else. I had to take my passport with me as ID and then in the branch speak to customer service on the phone to register and activate it. Click this link to see the fees and payments attached to the different cards. 3.Letter of payroll slip/Letter of guarantee from employer or certifying your income. The first eligibility to qualify for a credit card is to show the proof of your income (with 3 months wages slip) along with the work permit which should be of more than 6 months. Foreigners working in Thailand: New Revenue Dept link to Immigration set to make life easier Picture: Voice TV The Revenue Department has announced that as of Wednesday foreigners working in Thailand no longer need to visit them. Spend at least THB 1,000 /transaction and get a special gift every month. KTC are linked to Krung Thai Bank (KTB) but offer different terms and credit lines to foreigners. Using the KTC app you can see in real time the amount you have spent and how much of your limit is remaining. My personal credit card, Citibank Royal Orchid Plus Select requires a minimum income of THB 80,000 per month for foreigners while Thais only need THB 30,000. Interest rates are also important but for me the idea is to pay the full card balance every month so I wont have to pay anything extra. They have many different choices of credit card, but require a work permit, passport, bank statement from the last three months and 100,000 baht monthly salary – an amount that most westerners in Thailand do not make. Variety of Krungsri’s credit card privileges and benefits line up for you. AEON credit card to make your life easier and more enjoyable. These Non-Resident Bank Accounts (NRBAs) are limited in various ways, including the amount of money you can keep in them, but the limit is quite generous. Like with most credit cards there is a points scheme. Another way to use your points is on the KTC UShop where you can buy a number of items in either cash, in exchange for your points or a mixture of cash and points. I will be honest here and say that I completed the application with my Thai girlfriend which made things a bit easier but in reality all the forms are in English and they do have English speaking staff in stores and on the phone. i actually went to a mall last sunday. These will all be photocopied at the branch and sent as evidence towards your application. I have used my KTC credit card in a few different locations in Bangkok and other provinces. Whilst there are still credit checks and certain steps to follow the below are the key points which make a foreigner eligible to apply for a credit card. I have a different question, how much would it cost to send money back to our home countries and do you recommend any bank for doing so? As such I am not sure how this would affect those who are retired or here on marriage visas etc. During my phone interview they asked if I spoke Thai and if I had any family here. Large credit card companies nearly all compete in the global marketplace. Please view our advertising policy page for more information. My own bank, SCB, wouldn’t even give me a credit card despite being with them for nearly 4 years and always having a decent amount of money in my account. They often do not provide a lot of banking services, you may even be unable to get an ATM card. She was approved for the KTC Visa platinum card which is the second tier card and comes with a limit of 60,000 Baht a month and an 8,000,000 THB travel insurance. I really appreciate your great help ? You can also chose to use your points as a donation to a good cause if you wish. Oftentimes, people setup direct automatic payments through their credit cards so that they are not behind in paying their regular bills. Credit cards often offer you various discounts including hotels and flight rewards. While there are often hefty fees for using a credit card in a foreign country, this can be avoided by taking out a credit card whose headquarters are in said country. Getting an unsecured credit card from a Thai bank – as a foreigner The process can seem complex - but it CAN be done A detailed description and step-by-step guide to what you need to do if you want to apply for an unsecured credit card in Thailand. can you give me more idea about KTC Store? I have since changed jobs and no problems. The first eligibility to qualify for a credit card is to show the proof of your income (with 3 months wages slip) along with the work permit which should be of more than 6 months. My SCB account which I used to provide 6 months of statements is where I get paid and over the period the balance was between 35-100K BHT. It is useful and I have gotten discounts at restaurants and seen good deals on hotels too. Hi all, Any recommendation for unsecured credit card for foreigners? Where so many banks and credit card companies limit foreigners in Thailand it was refreshing to receive such open and decent service from KTC.