drogon Posted June 6, 2008 Report Share Posted June 6, 2008 Seems that many banks are getting ultra cautious. At least back here in Europe. I applied for a new credit card (as now my salary is paid entirely on a Spanish bank account) and the spending limit I asked was refused. - I have no other credits at the moment and I have no more loan to repay. - My monthly salary is higher than the spending limit they accept to give me. Never happened to me before and this bank is in the top 20 biggest banks worldwide... Went to another one and they gave me a credit card with the requested spending limit without problem though. Other people had similar experiences recently? Link to comment Share on other sites More sharing options...
CTO Posted June 6, 2008 Report Share Posted June 6, 2008 Yes - in Thailand I was asked if I wanted a credit card by two different banks in the same month - both platinum - with limits way above what I could afford. I took both offers. Link to comment Share on other sites More sharing options...
Julian2 Posted June 6, 2008 Report Share Posted June 6, 2008 I've had to change my phone number it used to ring that often. Link to comment Share on other sites More sharing options...
zzzz Posted June 6, 2008 Report Share Posted June 6, 2008 Last year, I was getting fantastic deals from CC companies, like $10,000 loan at no interest for a year and $250 just to sign up; but deals like that have disappeared because of the the credit crunch. Link to comment Share on other sites More sharing options...
Stickman Posted June 7, 2008 Report Share Posted June 7, 2008 In Thailand it can be difficult to get a credit card as a foreigner. The banks have certain criteria that must be met and it all seems transparent enough but when you apply you get knocked back....and no-one is prepared to tell you why. I know a few guys who got credit cards here but my application was turned down even though I met all the criteria. Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted June 7, 2008 Report Share Posted June 7, 2008 I've had to change my phone number it used to ring that often. Damn collection agencies never back off, do they? HH Link to comment Share on other sites More sharing options...
Julian2 Posted June 7, 2008 Report Share Posted June 7, 2008 I was hoping you wouldn't spot that. Link to comment Share on other sites More sharing options...
WorldFun Posted June 7, 2008 Report Share Posted June 7, 2008 as a foreigner with no local bank/credit history to show it may take several months or even years to build trust with some card issuers. without 'proof' of (local permanent staff) income as well it's getting near impossible. business owners, consultants etc forget it unless on the company perhaps... anyway just use your foreign card here Link to comment Share on other sites More sharing options...
CTO Posted June 7, 2008 Report Share Posted June 7, 2008 Oddly I had no problems getting 2 top tier cards in Thailand - and I'm not well paid expat. I a careful to build a good record of wages etc. Link to comment Share on other sites More sharing options...
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