Korean Credit Cards
Although I have applied for a bank account, I have not received my ATM card or any other documentation from the bank.
Although I do not have a permanent address yet, my information has already been spread to other organizations. I got an email spam today for a credit card application. They only wanted my pay stub to process it. Incidentally, I need to get past the one-month point to have one of those.
Makes me wonder if they even are aware I am a foreigner, since foreigners normally have to go through a lot of trouble to get a Korean credit card.
The email itself was nonsense when I translated it at http://translate.google.com/, so I asked some Korean staffs about it. They were adamant about not getting the credit card. They did not have any specific reason why, other than the marketers were smart and know how to snare people.
Perhaps I should take their advice, since I have seen some nice-looking ads on the Seoul metro for a quick loan service. The loan itself has an APR close to 60%. I am curious what kind of APR I would get if I did apply for the card. The email had no fine print for me to look at.