Credit Cards for Foreigners - General Discussion

[silly.putty]

@Taiwan_Luthiers

Hard to believe considering that airlines have razor thin margin.

How Airlines Quietly Became Banks

[Mataiou]

@Taiwan_Luthiers

Hard to believe considering that airlines have razor thin margin.

it’s not the airlines paying for the rewards, it’s the issuer paying the airlines to get miles to distribute to cardholder as rewards as retention/acquisition tactic.

@Taiwan_Luthiers

So I’m guessing you need a bunch of different cards because each card has different reward schemes?

yep, that’s the game.

@Taiwan_Luthiers

It seems like it’s really easy to spiral out of control if you got way too much credit.

just spend what you can afford to, I spend still rather conservatively, never do debit, always pay off in full. Basically a deferred debit card.

@Taiwan_Luthiers

Maybe that’s what banks count on.

nah, we issuers earn on interchange, not on interest on unpaid bills. that’s actually bad since risky, we just want cardholders to spend and then give us back money immediately, we earn on volume.

@Taiwan_Luthiers

I’m guessing vast majority of the rewards is from flying?

I do fly often, but no way near actual business travellers, 99% of my travel is non-business related. So yeah, I get miles also from flying, but way less than miles from spending with cards.

[justintaiwan]

@anon24369109

He is an employee who travels for his employer perhaps?

All of my clients fap over Qantas cos they get points on their employers dime

[Mataiou]

@justintaiwan

Qantas

got down quite bad in service though recently. It used to be very good.

[justintaiwan]

They’re Australia’s biggest rip off!

[Taiwan_Luthiers]

Quantas never crash…

[anon24369109]

You could use internet search engine to find out how to spell QANTAS

You do know what those letters stand for yes?

[Mataiou]

Something about the territories/states I remember

[Taiwan_Luthiers]

You never watch Rain Man? That’s a line in the movie.

[anon24369109]

@Taiwan_Luthiers

You never watch Rain Man? That’s a line in the movie.

Do I need to watch a movie to know how to spell an airline name?

You do know what states and territory in Australia the name comes from then?

[Andrew]

@anon24369109

Do I need to watch a movie to know how to spell an airline name?

You do know what states and territory in Australia the name comes from then?

I think it’s safe to say he might not. I didn’t know the origin either, though I knew how to spell the airline name of course.

But if we’re going to pick people up on typos, here’s one more relevant to banking that I’d just like to take the opportunity to get off my chest:

@anon24369109

I have had to complain about that rickart bank.

@anon24369109

I sent my second complaint tonight to the FSC about Rickart bank

@anon24369109

Rickarts Chinese page would not let me type in English characters for the school name.

@anon24369109

I emailed rickart and left a message on their FB page.

@anon24369109

BTW I Have had to complain about that rickart bank.

@anon24369109

I also complained to the FSC about Richard bank and the Taishing bank staff

@anon24369109

That was the Taishing Rickard bank.

It’s “Richart”.

[silly.putty]

[Mataiou]

he has big fingers on a small phone screen haha. And maybe he just hates richart so much he doesn’t want to write it correctly haha

[anon24369109]

@Mataiou

he has big fingers on a small phone screen haha. And maybe he just hates richart so much he doesn’t want to write it correctly haha

Yup on desktop no autospell as with phone. I never did open an account with them in the end. I don’t need so many accounts as I am a pauper.

[Mataiou]

Just got confirmed another upgrade (return flight from BKK), saved another 10k NT (booked economy, will fly biz)

[Beach]

@Mataiou

Just got confirmed another upgrade (return flight from BKK), saved another 10k NT (booked economy, will fly biz)

Just ask nicely? Or buy an upgrade with airline points?

[Mataiou]

I was on waitlist for the mile upgrade.

[Beach]

@Mataiou

I was on waitlist for the mile upgrade.

I’m new to the card game and not a frequent flyer. I know I could accumulate points and pay for flights and upgrades with points. I wonder what other ways are there? Those long flights in a cramped space get uncomfortable after a few hours.

[Mataiou]

Well, that’s the point of business class haha.

[anon24369109]

@Beach

Those long flights in a cramped space get uncomfortable after a few hours.

I take short flights in economy. I build up miles on my China Trust China Airlines co branded card. I mostly fly China Airlines but my next trip Philippines Airlines to Bohol. I still get miles for the purchase. In a few years I will be flying every 5 weeks in and out of Australia. So building up those miles to get Premium Economy or business class flights.