Can Expats Get a Credit Card in Thailand

Can Expats Get a Credit Card in Thailand?

Many expats are surprised to learn that they can apply for and receive a credit card in Thailand through a Thai bank. There are, of course, different requirements for expats compared to Thais. However, it shouldn’t be challenging to obtain a credit card in this country.

In this article, we’re going to talk more about credit cards in Thailand, the banks you can choose, and the requirements you need to prepare.

What Are the Benefits of Thai Credit Cards For Expats?

Although a credit card is not strictly required to live in Thailand, having one can be extremely beneficial and make life much easier. Here’s how it can benefit you:

• Having a local credit card will help you save money on foreign currency surcharges.
• A local credit card gives you access to extra benefits such as discounts at restaurants, hotels, and on airline tickets.
• Since bills such as electricity, phone, and internet can be automatically deducted from your credit card account, you can avoid missed bills and save your time from having to queue.
• Ordering items online is much easier with a local credit card. In fact, various online stores in the country only accept local cards and accounts as payment.
• Many restaurants will give you a discount or cashback if you pay with your credit card. These discounts are only valid for locally issued cards. They are often based on the institution that issued the card rather than the type of credit card. Discounts typically range from 5% to20%, with greater discounts available in exceptional circumstances.
• Airlines such as Thai Airways and Bangkok Airways work with credit card companies to provide free upgrades and flights in exchange for points.

How Can Expats Apply for a credit card in Thailand?

If you have started your research, you might notice that many bank websites don’t use English. This may make the application process harder. However, there’s nothing to worry about because there are numerous services that can help you with the application process and even help you compare your options.

The rules and regulations are different at each bank. That’s why you should always check the specific bank you want to choose to ascertain what they require.

In general, the rules for foreigners applying for Thai credit cards are as follows:

Income
All Thai banks are strict about the income of their foreign customers who want to apply for a credit card. Most banks require you to earn at least 50,000 baht a month. However, there are banks offering lower income requirements.

Length of Employment
You’re most likely need to have at least one year’s experience at the same job in Thailand. Some banks even require you to be employed at the same job for two years.

Documents
If you don’t have a valid passport and a work permit, you cannot apply for a credit card in Thailand. Make sure that your work permit is valid for at least six months following the date of the application.

Bank statements
Thai banks want to know that you’ve had money in your account in the last six months. Therefore, you usually need to produce six months’ worth of monthly income.