hk bank + credit card
- Joined: Oct 22nd, 2005
- Posts: 3,838
when you re not a HK resident
how to do to open a bank account and get a credit card there, at HSBC by example?
(minimum deposits, delays, deposit, papers, to bring, etc.)
thanks a lot
A great many people think they are thinking when they are really rearranging their prejudices.
-- William James
Patriotism is often an arbitrary veneration of real estate above principles.
-- George Jean Nathan
It may be true that
V
Re: hk bank + credit card
It's been years, but I don't remember having to do anything other than show my passport. This was pre-1997 though so I'm not sure if the banking laws have changed since then (allegedly all that stuff was to remain unchanged after the Brits fled). Do you mean an actual credit card or a debit card linked to your deposits? Have you tried looking here:
http://www.hsbc.com.hk/1/2/hk/cards
Cheers,
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babochina
Re: hk bank + credit card
thx
called hsbc,
i wonder if they winded me up to get rid of me, mainland style
i asked them
to open a bank account
i needed passport and a certificate of residence, all smooth
to apply for a credit card
i needed a proof of income, i started asking if a copy of my contract was enough
and then, things got messy,
i was forwarded and forwarded and then, suddenly, non-HK residents can t apply (or if they ve a 1000 000 hk$)
uh?
A great many people think they are thinking when they are really rearranging their prejudices.
-- William James
Patriotism is often an arbitrary veneration of real estate above principles.
-- George Jean Nathan
It may be true that
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gdbill
Re: hk bank + credit card
Generally HSBC will not approve credit card applications for non-HK residents unless you are a Premier customer.
"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???
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babochina
Re: hk bank + credit card
update
to open a bank account at hsbc, when living in the mainland, u need
- passport
- 2000 hk$
- a proof of residency (and the residence certificate of the police station does not interest them at all, a FEC or a driving licence makes it)
to have a credit card, same as for many banks in the mainland : a blocked deposit of 50 000 hk$
A great many people think they are thinking when they are really rearranging their prejudices.
-- William James
Patriotism is often an arbitrary veneration of real estate above principles.
-- George Jean Nathan
It may be true that
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gdbill
Re: hk bank + credit card
Why would someone be stupid enough to place HK$50k in a fixed deposit?
You can more easily get HK$ / RMB credit cards on the Mainland through ICBC.
"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???
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babochina
Re: hk bank + credit card
stupid, i m sure u can find much better evidence of my stupidity on this board than this one
but ignorant, yes, that s why i put my ignorance and my shame on this board to be shown the light ... and it worked
because, ICBC website seems indeed to provide a comprehensive, coherent and intelligible procedure to apply for a credit card
i m trying right now
thank u very much for the info
regards grumpy forever
a thankful former ignorant
A great many people think they are thinking when they are really rearranging their prejudices.
-- William James
Patriotism is often an arbitrary veneration of real estate above principles.
-- George Jean Nathan
It may be true that
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gdbill
Re: hk bank + credit card
I'm not saying you are stupid, but just that giving HSBC HK$50k as a guarantee for a credit card is not wise for Mainland residents. The fees alone would kill you.
Try ICBC. I have their HK$ / RMB Visa card and it is really good.
"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???
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babochina
Re: hk bank + credit card
been to ICBC, their website is english intelligible btw
to apply, u need
- copy of your passport
- copy of your certificate of residency
- copy of your work contract
they would love you to be a homeowner or make a huge blocked deposit first, but if u re not, a yearly income certificate COULD do : who you are, where u work, how much money you make avery year, seal of your company
u also have to fill a form (in chinese only, also downloadable from their website)
that s why i went to the big branch west of xidan, looking for help,
my best banking experience in china !!!
(it was friggin time)
the front desk called and 3 english speakers staff people helped me a big deal to sort everything out
my application is now being processed, does not mean i ll be granted one, but it s still less of a hassle than all i ve seen
thanks again for the tip
A great many people think they are thinking when they are really rearranging their prejudices.
-- William James
Patriotism is often an arbitrary veneration of real estate above principles.
-- George Jean Nathan
It may be true that
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Nidaye
Re: hk bank + credit card
That's interesting, because I remember the initial deposit being much higher than 2000 HKD. Though I was applying as a resident of Canada, not China. Are you sure it wasn't 20000 HKD?
Yes, the proof of residency is very important. A driver's license will do, as long as it's not expired. So will a piece of government correspondence that has your address on it.
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babochina
Re: hk bank + credit card
no 2000 hk, i m sure
would have been 20 000, i wouldn t have been enable to make it back to beijing
power vantage debit card
A great many people think they are thinking when they are really rearranging their prejudices.
-- William James
Patriotism is often an arbitrary veneration of real estate above principles.
-- George Jean Nathan
It may be true that
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Nidaye
Re: hk bank + credit card
Ok thanks. Perhaps they have different requirements depending on your country of residence, or maybe I got it mixed up with a different bank...
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cylon
Re: hk bank + credit card
Yes HKD2,000 would do as initial deposit, however the initial deposit doesn't really matter, based on the account type and bank you will be charged a monthly fee if your average balance (for last three months) falls below a certain threshold. For HSBC Powervantage you pay HKD120 if average is below HKD150,000...
To come back to the question yes you can open easily a bank account with HSBC in Hong Kong and get a secured credit card by making a 50,000HKD fixed deposit. Your credit limit is about HKD40,000. At the end of each month the amount spent is deducted from your balance with the bank (not the fixed deposit, which serves as guarantee).
I believe some mainland China banks offer the same type of card for much lower deposit. You can check with China Construction Bank and Bank of China, however you will need to go to some larger branches as the clerks in the smaller sub-branches are in most cases clueless about secured credit cards and will just ask you to fill the normal credit card form, for which the rejection rate is pretty high for foreigners.
Sinovantage International-Offshore Incorporation (Hong Kong, BVI, Panama etc.) and China Company Registration (WFOE, Rep Office, Joint Ventures)
http://www.sinoinvest.biz
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