NIYO GLOBAL CARD FOR IPHONE PURCHASE IN THAILAND

[triloki.nath]

Can we carry the sealed phone box out of Thailand or do we have to open the box and turn on the phone for inspection?

You sure can travel with sealed Phones but you'll have to pay customs charges once you land in India.

 

[triloki.nath]

Update to all:
I got WhatsApp msg from NIYO. They have disabled the feature to increase the limit without FD to SBM Credit card and will allow only new FD to increase limit.

Below is the message from NIYO Global:
====================
Increase credit limit with FDs

Hi TRILOKI,

We have changed the way you can increase your credit limit. Now you can increase your credit limit only by creating new FDs.

Also, please note the following:

✔Credit card payment limit: You will no longer be able to pay more than your outstanding balance towards your credit card bill.

✔ATM limit: Your monthly ATM limit remains equal to your total fixed deposit balance.

Your credit card limit is applicable for all your domestic and international spends including ATM withdrawals and you can continue saving with zero forex markup on all your international transactions!
====================

In a nutshell, If you want to pay more than the limit, you have to first make an FD greater than the transaction amount

 

[techhdate]

looks like now you are left with only the debit card as option so problem solved 😀

 

[CARDBITRAGE]

Update to all:
I got WhatsApp msg from NIYO. They have disabled the feature to increase the limit without FD to SBM Credit card and will allow only new FD to increase limit.

Below is the message from NIYO Global:
====================
Increase credit limit with FDs

Hi TRILOKI,

We have changed the way you can increase your credit limit. Now you can increase your credit limit only by creating new FDs.

Also, please note the following:

✔Credit card payment limit: You will no longer be able to pay more than your outstanding balance towards your credit card bill.

✔ATM limit: Your monthly ATM limit remains equal to your total fixed deposit balance.

Your credit card limit is applicable for all your domestic and international spends including ATM withdrawals and you can continue saving with zero forex markup on all your international transactions!
====================

In a nutshell, If you want to pay more than the limit, you have to first make an FD greater than the transaction amount

This just renders it useless, right? If you increase the limit, you cannot partially withdraw that amount. You would have to close the FD as a whole.

 

[triloki.nath]

looks like now you are left with only the debit card as option so problem solved 😀

Haha, very true. DCB debit card all the way.

 

[triloki.nath]

This just renders it useless, right? If you increase the limit, you cannot partially withdraw that amount. You would have to close the FD as a whole.

Yes, you're right, it's kind of useless now, can only be used for small transactions like eating out, etc. For larger transactions, need to block that amount, no use.

 

[sanjaynandi]

Yes, you're right, it's kind of useless now, can only be used for small transactions like eating out, etc. For larger transactions, need to block that amount, no use.

scapia card is better in this case. there is no need to create any FD. its a VISA credit card. so u get some time gap to pay the bill.

 

[triloki.nath]

scapia card is better in this case. there is no need to create any FD. its a VISA credit card. so u get some time gap to pay the bill.

yes, scapia does look better if we get a limit of around 2L.

 

[bing1309]

Update to all:
I got WhatsApp msg from NIYO. They have disabled the feature to increase the limit without FD to SBM Credit card and will allow only new FD to increase limit.

Below is the message from NIYO Global:
====================
Increase credit limit with FDs

Hi TRILOKI,

We have changed the way you can increase your credit limit. Now you can increase your credit limit only by creating new FDs.

Also, please note the following:

✔Credit card payment limit: You will no longer be able to pay more than your outstanding balance towards your credit card bill.

✔ATM limit: Your monthly ATM limit remains equal to your total fixed deposit balance.

Your credit card limit is applicable for all your domestic and international spends including ATM withdrawals and you can continue saving with zero forex markup on all your international transactions!
====================

In a nutshell, If you want to pay more than the limit, you have to first make an FD greater than the transaction amount

even Axis Bank has removed it. Maybe the new rule from RBI all banks are making it, cannot pay more than the outstanding balance only way to pay is via CRED (bill payments are applicable for other credit cards except Niyo)
Niyo can be used for petty cash transactions in other countries where you don't get rewards when you have super premium cards, go for Scapia as credit cards don't have the TCS rule yet once it kicks into that Also then have to consider which would be better

 

[sachinbhardwaj]

I can give answer to to your 2 questions

1) For apple store location you can refer to apple.com/th
3) while purchasing iPhone from apple store just ask them that you will be claiming vat refund. They will give you PP10 with bill. They just need your passport number so for that you can have passport or photo of information page of passport. You don’t need to declare anything at immigration. First you have to go for physical inspection( counter close to airlines checkiin counters and it is in right most corner when you enter airport) the person will inspect the goods and stamp your PP10. Please remember it is mandatory to have stamp here to get any Vat refund. After that do your flight checkin go to security check and immigration. After immigration while going to you airline gate you can follow the banner which shows where the vat refund counter is. At that counter show them bill and they will take PP10 and will give you refund in thai bhat cash.

How much cheap iphone you find in terms of % compare to India?