Thai Credit Card Limits for Farangs

In 2008 Bangkok Bank relaxed their restrictions against issuing foreigners credit cards with the following rules;

Foreigners must have a valid work permit for 3 years.

The banks will hold 100% of your credit line as collateral

If you have a work permit with less than 3 years then the bank will hostage 200% of your credit line.

If the foreigner is employed as a diplomat, these rules are waived.

Thanks for the big favor.

Other banks are more generous with their regulations on credit cards.

Personally I don't want to see another credit card as long as I live.

My debt is in five-figure (US$)

And the credit cards want me to have more.