The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.

By continuing you agree to eChinacities's Privacy Policy .

Sign up with Google Sign up with Facebook
Sign up with Email Already have an account? .
0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: Is it easy to get credit cards for foreigners in china??

Can some one tell me the procedures to obtain a Chinese credit card??

11 years 16 weeks ago in  Business & Jobs - China

 
Answers (6)
Comments (1)
Posts: 30

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Actually it's very hard for a foreigner to get a credit card in China. Different banks have different requirements for this. But the same thing is you should deposit certain amount of money first to the account, which means it’s not really a credit card but a debit card!

Report Abuse
11 years 16 weeks ago
 
Posts: 187

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

the banks in China now have very strict rule concerning approval of credit card for foreigners that it is almost impossible for a foreign national to get a credit card in China even if one has a large amount of cash to deposit in the bank.

Report Abuse
11 years 16 weeks ago
 
Posts: 37

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Yeh you can get a credit card but need to have working visa and a red working book. And than you need to let your company make a letter to tell how muh you make in one month. than you can go to the bank and make a credit card. Good luck Smile

Report Abuse
11 years 16 weeks ago
 
Posts: 1847

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

There is one way that you can get credit card facilities if all other methods fail. What you can do is go to a large branch of the Bank of China. Go through the normal procedure of opening a credit card account. This will require your passport, evidence of residency and maybe proof of employment and/or income.

 

Deposit a sum of money in a timed deposit account, for example one year savings account, and sign a guarantee that the bank can withdraw the funds from this account should you default on your credit card. The bank will normally arrange a credit limit of up to 80% of the deposited capital. If you withdraw this cash before an agreed date, the bank will cancel your credit card facilities. However after the agreed period, providing you have followed the credit card conditions of use, you can withdraw the cash and carry using the CC.

 

It sounds like a prepaid credit card but it isn't. The two accounts are very separate and the only purpose of the deposited cash is a guarantee against default. Other than that, the card account is used like any other credit facility.

 

 

Report Abuse
10 years 14 weeks ago
 
Posts: 55

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

you need to get backing from a large company in china / or deposit a large ammount into your account.

 

60,000 with a lot of bs with it.

 

Go to HK citibank open an account deposit like 65,000 hk dollars and they will give you a credit card also

Kaiwen:

Firstly, the amount that you quoted is incorrect. I have a business account with a substantial amount of registered capital and a personal account with a lot more than you quoted at one particular Chinese bank but they will not issue me with a credit card. Using the method I quoted above, I deposited 15000 rmb in a BOC deposit account as a guarantee and was immediately approved.

 

Secondly, the only persons able to obtain credit of any kind in HK are HK Residency Card Holders or persons permanently stationed there. It will not work for foreign nationals living in China even if you have a strong banking record there.

10 years 13 weeks ago
Report Abuse
Report Abuse
10 years 13 weeks ago
 
0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

You only need a resident visa and a contract with your current employer or a business license with capital. I have 3 credit cards. 2 are for rmb and US dollars at ICBC and Merchants Bank, both are visa and master cards, have had no problem using them all over the world and one from The Bank of China. All I did was fill out the application and show them my passport and my financial capability. 

 

You can get one credit card that allows you to only spend what you put in it, works like a debit card, which is what most people with little money in the bank has, but you have to put 4k to 6k rmb down as a deposit.

 

Or you can get a Credit Card that gives you a line of credit if you have assets or have about 15k to 20k in the Bank with 6% froze for security. If you have an L visa or F visa, of course you will have difficulties and so you should for you're not really stable

Report Abuse
10 years 13 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A: What is 'formal offer letter'? Only legally accepted employment o
A:What is 'formal offer letter'? Only legally accepted employment offer I know is a Contract! ... so, you just don't accept and sign the contract with the lower salary! Email exchanges, verbal discussions and other promises between you and employer aren't legally binding, so legal action isn't recommended. Mainly legal effective thingy is employer's stamped and signed contract! ... and after you ink it, employer can/will use your signed contract to apply for all necessary documents at Chinese governmental agencies as Working permit and all ... It would be better for you to not accept employment with such an employer, IMO 'cause you'll experience similar troubles by employer not respecting the contract later on. -- icnif77