(Source: Bank of Thailand). There are many players besides the Bank of Thailand, such as American Express, Citibank, HSBC and other non-financial groups which are contributing to the growing number of credit card users in Thailand.
Depending on the nature of expenditure, Thailand, like all other markets, offers credit cards that reward people on the frequency of a particular expenditure. It could be flying, purchasing gasoline, loyalty shopping (from a particular store or brand), or bulk shopping.
Listed below are a few credit cards that offer many attractions and cost effectiveness for the consumers:
American Express Platinum credit card: Being the only card that earns Royal Orchid Plus miles, AMEX has struck gold with this particular credit card. The card also comes with an enticing offer of 10,000 bonus miles to make your dream of flying to your favorite destinations come true even sooner. This also makes this card a favorite of business travelers.
However, consumers should remember that using these cards responsibly is as important as picking the right one. Credit cards can sometimes be a painful investment and spoil your credit scores.