how to open bank account and apply for credit card?

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  1. #1

    Join Date
    Dec 2004
    Posts
    9

    how to open bank account and apply for credit card?

    hi everyone

    i'll arrive inn HK soon. Wonder how easy it is to open a current account in HK? what proof do banks need? I wont have a credit reference in hk since dont have long history in hk yet. is a letter from employer sufficient? anything i need to be aware of?

    is it worth having a HK$ credit card? is there an annual fee? which bank/credit card company is good?

    any good website you can recommend? thanks a lot!


  2. #2

    Join Date
    May 2004
    Location
    Hong Kong
    Posts
    580

    Bank account: no problem - just bring your passport.
    Credit card: probably will need your salary paid into your bank account and/or a letter from your employer.

    Yes - get a HK$ credit card. Basic cards are free. HSBC is good.


  3. #3

    Join Date
    Apr 2003
    Posts
    12,383

    Depends where you're moving from.

    If you're moving from a country which has Citibank / American Express, I know for sure that these banks will take into account your existing credit record and give you local cards.


  4. #4

    Join Date
    Dec 2003
    Location
    CausewayBay, Hong Kong
    Posts
    179

    Yes, beware of the cash advance charges. HSBC would normally require 3 months banking history with them, but if you put in a time deposit of 50000 HK, they can issue you a credit card immediately.


  5. #5

    Join Date
    Dec 2004
    Posts
    9

    Smile

    Thanks all so much!