Howdy All,
I am wondering if anybody has any advice about getting a credit card in Korea. First of all, I am an E-2 holder and I am in my second year of living in Korea.
I'd like to get a visa or master card credit card within Korea. I plan on being in Korea for at least ten more years, so I think I should get one for emergencies.
My bank informed me that the one that I can get for sure is a credit card with a deposit, but they didn't elaborate well. First they said it was prepaid, which makes me think it is just a gift card, and not a credit card. I am looking for something that has a low limit, even 100,000 is fine for now, that I can actually use as a credit card.
Does anybody have any advice where to apply for a real credit card for someone like me-
Thanks!
Re: Questions about Credit Cards in Korea
I think it might be best to call VISA or MCard directly to ask, rather than going through your bank here. Their contact numbers for Korea are easy to find online.
Re: Questions about Credit Cards in Korea
02 2000 8438 this is for english speakers.
samsung visa. they give them out to foreigners. the may only give them out ot people at unis or public schools though but you can give them a try. it is a normal card. not prepaid. normal starting limit is like 2mil i think. good luck.
Re: Questions about Credit Cards in Korea
Also...I believe you'll have to provide a proof of wage history. If you get paid through direct deposit into ur bank account, your bank book will do. It's really up in the air. I've heard of E2 holders with Uni jobs, with a year of steady pay get turned down. I've seen E2 holders who were less established be approved.
If you need one for emergencies, you can always get one by putting in a deposit. For example, if you want a million won limit, you leave a million won deposit with the bank, use your card as though it were a credit card, then get ur deposit when u close out ur account. I did this and got a Visa from KB when I couldn't get approved for a regular credit card. But be careful...in Korea...unless you specify at time of purchase you want to pay in installments, you will be responsible for the entire credit card balance each month. The positive thing is if you do pay off each month, you aren't charged interest.
Re: Questions about Credit Cards in Korea
Re: Questions about Credit Cards in Korea
Re: Questions about Credit Cards in Korea
Just got off the phone to Samsung.
They ''do not offer credit cards to foreigners in the education field''. I have a meeting at 1pm tomorrow with KEB, let's see how that goes...
Re: Questions about Credit Cards in Korea
This is nonsense. This is exactly how I got my KEB card. Some lady comes around campus like once a year and offers you a choice of cards if you wish.
Re: Questions about Credit Cards in Korea
Re: Questions about Credit Cards in Korea
Re: Questions about Credit Cards in Korea
Hey Paul,
That could well be the case... when I called that number you provided, they said the policy had changed in May. I told them I could prove long-term residency and a solid income, they trotted out the ''foreigners in the education field'' bollocks...
Ah well, I only needed it to book a flight home, which I've now done on my British card anyway.