Foreigners Can Apply for Credit Card Easier in These Banks?!

As China issues more and more good policies friendly to foreigners, many people want to work and live in China. Some of them get accustomed to using credit cards. Today we will tell you what’s required for credit card application in China. 

First thing first, foreigners who have residence permits and steady income can apply for a Chinese credit card. There might be some difficulty but it’s not impossible. 

 

COMMON CONDITIONS

 

There are different rules in different Chinese banks, and conditions may change in different branches. 

 

 

Taken together, you will need to: 

 

• Be at age between 25 to 60

• Have full capacity for civil conduct
  

• Have long-term residence permit

• Have a steady job and tax record in China
  

• Choose the branch near your workplace
  

Applicant for BOC’s credit card needs to be at least 18 years old, have full ca[acity for civil conduct and legal, steady income. 

 

 

REQUIRED DOCUMENTS

 

Detailed rules and required documents vary from banks, here are what you will be asked in most cases: 

 

• ID documents

  Valid passport, residence permit, and copies of them

• Residence documents
  

  Registration at the place of residence from the police and its copy
  

• Financial documents
  

  Certificate of employment, certificate of tax payment, income statement, and cash flow statement… 
  

 

Tax statement © Image | WTIGGA

 

 

TIPS

What are the major banks in China? 

China’s five biggest state-owned banks include: 

 

• Agricultural Bank of China
  
  Service number: 95599
  
  Website: http://www.abchina.com/en/
• Bank of China
  
  Service number: 95566
  Website: http://www.boc.cn/en/index.html
• Bank of Communications
  
  Service number: 95559
  Website: http://www.bankcomm.com/
• China Construction Bank
  
  Service number: 95533
  Website: http://en.ccb.com/en/home/indexv3.html
• Industrial and Commercial Bank of China
  
  Service number: 95588
  
  Website: http://www.icbc.com.cn/ICBC/sy/

 

 

Which bank to choose? 

Although banks in China say that people meeting conditions can apply for a credit card, it may be difficult for foreigners because not all banks are willing to make the card. 

 

 

It might help if you choose a provincial headquarter or a branch closed to the city center, or a foreign bank such as HSBC and Hang Seng. 

 

A branch near your workplace, or keeping your salary account is also a good choice. 

 

How to fill out an application? 

To apply for a credit card, you’ll need to fill out a form asking basic questions and sign a few documents. Most likely, it will be in Chinese.

 

But don’t worry, English service is available in the big branches. There’s usually at least one banker speaking very basic English to help you walk through the process. 

 

Wanna know more about new policies good for foreigners? Check the following link! 

 

• 5-year Residence Permits! China to Further Open up!

 

 

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