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strumms
Lurker
Joined: Nov 04, 2005
Posts: 25
Status: Offline
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 Posted:
Feb 23, 2006 - 05:31 PM |
 
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| Post subject: Credit Card Application |
Good day all,
Went to the Bank of China today to open my bank account. No issues there. Wanted to apply for a China credit card and was told that I can't because I'm not Chinese. Apparently this goes for all the other banks in China.
Any one know if this is true? or is there a non local bank in Shanghai that would provide this service? I prefer this so that I can have an account and pay my credit card direct through internet banking as I travel alot... plus I don't lose out on exchange rates. Thanks in advance. |
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RoryC
Seeker
Joined: Sep 29, 2003
Posts: 68
Location: Shangers
Status: Offline
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Feb 23, 2006 - 06:34 PM |
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China Merchant Bank offers a dual currency (RMB/USD) credit card. Internet banking is only in Chinese but can be deceiphered. Phone banking is bi-lingual and very good. |
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jinqiaoteresa
Barker
Joined: May 05, 2005
Posts: 150
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Feb 23, 2006 - 08:30 PM |
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We have a Bank of China credit card, but maybe it is okay because the account is dual currency. ??? |
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strumms
Lurker
Joined: Nov 04, 2005
Posts: 25
Status: Offline
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Feb 24, 2006 - 06:05 PM |
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Thanks RoryC. You're right... China Merchant Bank offers us non chinese nationals the option. Cheers mate. |
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Michael
Moderator
Joined: Mar 22, 2002
Posts: 5056
Status: Offline
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Feb 24, 2006 - 06:28 PM |
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Having tried a couple..China Merchant is far and away the best local bank for a personal account. BOC is not a good idea.. except to spoil your day or have an occasion laugh (if it doesn't cost you anything). |
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pat_togo
Raver
Joined: Feb 22, 2005
Posts: 387
Location: Pudong & Hongkou, Shanghai
Status: Offline
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Feb 24, 2006 - 06:42 PM |
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You can apply for a credit card, and I assume even at BOC, when you are a resident here meaning you have a stable job, a company that can back you up (working information must be filled) which should translate to a Z visa. Otherwise even at CMB I don't think that you can get that credit card.
I remember that before 2001 it was possible to just go and apply for a card at BOC. You just needed to deposit 500$ in your checking account and that corresponded to your initial credit line. I don't know if some banks are still offering that.
If a non national has obtained a credit card recently being a non-resident (student, tourist, non-contract teacher or business traveller) please post it here.
Debit cards are the norm here with I think over 800 millions cards in circulation and it was only recently that banks are trying to promote credit card to the mid and high class. This is a market that foreign banks will be happy to exploit once restrictions are bannished. |
_________________
Sinoinvest.biz-Offshore Company Registration (BVI, HK etc.) & China Company Formation |
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