I know this is a frequently rehashed topic, but for those of you who have actually applied for a Taiwanese credit card without any guarantor and either been accepted or declined, I’d like to know the circumstances behind your application.
I’ve held an account with Taishin for about 2 1/2 years now, but from what I remember the only activity it’s seen has been a GBP3,000 (NT$180,000) transfer from the UK a few months back. I spend so little on myself each month that it’s actually more cost effective to leave my money in the UK and withdraw funds with my Cirrus card. I’ve always had a good relationship with Taishin and know the staff at my original branch pretty well.
Anyhow… when you applied for your card, what were the banks most interested in? Regular monthly deposits? Account turnover? Balance of your account? Assets in Taiwan? Assets overseas? Type of visa? Luck? All of the above? For those doing business in Taiwan on investor ARCs, did this help at all? What will make them consider me a ‘good’ customer worth of a credit card? NT$1m in deposits? NT$10m?
I could do with a Visa/MC for travelling in the US but if I’m going to have to start filing my underwear with the government to do so, it’s not worth the effort. I’d like to know beforehand what I’d be letting myself in for. If I have to transfer a crapload of money from the UK to prove my financial standing, the losses on interest would instantly make this a stupid idea.