Credit Card question

Old Jun 21st 2009, 1:33 pm
  #1  
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Default Credit Card question

Hi,

I decided to get a credit card to make my life easier regarding online booking and to accumulate a few airline miles. I got all the forms and after filling in, the bank asked me to sign a blank cheque as a "security measure" given the recent events. Is that normal? Anyone was asked the same? I decided not to do it as the last thing I would like to do is to spend some time in jail here if something goes wrong.

Cheers,
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Old Jun 21st 2009, 1:52 pm
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Default Re: Credit Card question

yep normal blank security cheque way its done here
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Old Jun 21st 2009, 1:55 pm
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Default Re: Credit Card question

Never had to do that. Had 4 diff cards
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Old Jun 21st 2009, 1:57 pm
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Default Re: Credit Card question

for loans etc through banks blank cheque required etc.
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Old Jun 21st 2009, 2:14 pm
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Default Re: Credit Card question

That's not what he asked thou?? He asked for a credit card...

BB Have you signed a blank check as security for a credit card??
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Old Jun 21st 2009, 2:14 pm
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Default Re: Credit Card question

Originally Posted by klaus3974 View Post
Hi,

I decided to get a credit card to make my life easier regarding online booking and to accumulate a few airline miles. I got all the forms and after filling in, the bank asked me to sign a blank cheque as a "security measure" given the recent events. Is that normal? Anyone was asked the same? I decided not to do it as the last thing I would like to do is to spend some time in jail here if something goes wrong.

Cheers,

It is now common practice for banks to request that. Alternatively if the CC is from the main bank you use, they may ask you to keep a minimum balance in the account to cover the credit limit.

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Old Jun 21st 2009, 3:42 pm
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Default Re: Credit Card question

Hsbc and citibank don't??
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Old Jun 21st 2009, 4:25 pm
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Default Re: Credit Card question

Originally Posted by klaus3974 View Post
Hi,

I decided to get a credit card to make my life easier regarding online booking and to accumulate a few airline miles. I got all the forms and after filling in, the bank asked me to sign a blank cheque as a "security measure" given the recent events. Is that normal? Anyone was asked the same? I decided not to do it as the last thing I would like to do is to spend some time in jail here if something goes wrong.

Cheers,
yes - for rak bank, not required for adcb or hsbc
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Old Jun 22nd 2009, 4:29 am
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Default Re: Credit Card question

Originally Posted by commander View Post
That's not what he asked thou?? He asked for a credit card...

BB Have you signed a blank check as security for a credit card??
havent got a credit card remember i am a non working housewife.
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Old Jun 22nd 2009, 5:17 am
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Default Re: Credit Card question

Originally Posted by klaus3974 View Post
Hi,

I decided to get a credit card to make my life easier regarding online booking and to accumulate a few airline miles. I got all the forms and after filling in, the bank asked me to sign a blank cheque as a "security measure" given the recent events. Is that normal? Anyone was asked the same? I decided not to do it as the last thing I would like to do is to spend some time in jail here if something goes wrong.

Cheers,
I haven't had to do that with Emirates Bank or CitiBank...maybe it's a recent change?
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Old Jun 22nd 2009, 6:26 am
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Default Re: Credit Card question

Thanks all for your feedback. This is with Emirates bank and they said is a NEW proceedure. I decided to not sign the cheque and offer to keep a minimum balance as Meow suggested. We will see...
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Old Jun 22nd 2009, 7:03 am
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Default Re: Credit Card question

Originally Posted by commander View Post
Hsbc and citibank don't??
Yes they do.

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Old Jun 22nd 2009, 8:38 am
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Default Re: Credit Card question

Originally Posted by busybee2 View Post
havent got a credit card remember i am a non working housewife.
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Old Jun 22nd 2009, 9:21 am
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Default Re: Credit Card question

Originally Posted by busybee2 View Post
havent got a credit card remember i am a non working housewife.
I have one
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Old Jun 22nd 2009, 9:43 am
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Default Re: Credit Card question

Originally Posted by Meow View Post
It is now common practice for banks to request that. Alternatively if the CC is from the main bank you use, they may ask you to keep a minimum balance in the account to cover the credit limit.

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well whats the point of that??
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