What happens if you take maximum cash advances from five credit cards and leave the US?
You would be charged with malicious criminal intent to defraud and other criminal charges. Which in the case of credit cards, is a Federal crime. And would come under the jurisdiction of the Attorney General and the FBI. FYI, I know personally of a man, who had no previous criminal record. And is now serving 25 yrs. in a federal penitentiary. No bull..just fact. How far they would go to track you down outside of the US, is anyone's guess. If you choose to "play such a dangerous game", don't plan on returning to the US. The minute your passport is checked, you will be placed in custody.
Check the credit card company's profile. Select which cards have the lower interest rate. Then credit limit their credit limit. Different cards offer different credit limit. Choose a card that is best suited to your needs. The maximum total amount for purchases, balance transfers and cash advances. From this you can decide which card to choose.
What credit card features would be best for customers who might need to use their credit card to borrow money?
Your credit score is one aspect of your credit worthiness that is used to determine your qualification for credit (credit cards, loans, advances). In addition to establishing your general ability and willingness to repay credit, it can determine the terms of that credit (interest rates, periods, points). The score is widely seen by credit and capital providers as the "grading" of your suitability for credit.
It won't affect your credit rating. But it is the smart thing to do because you will end up paying less interest each month. Credit score looks at (among other things) what percentage of your credit limit you are using. So if you have 3 cards each with a limit of $10,000, that's $30,000 maximum limit. If you have a total balance of $15,000 between the three cards, that means you are using 50% of…
Juniper Bank Credit Cards are basic bank credit cards, which provide basic services such as cash advances, bank transfers and most normal services provided by a bank card. The preference would be American Express, or Visa, because most have never heard of this bank card service, making them unreputable.
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
If a person takes large cash advances and maxes out multiple credit cards and then permanently leaves the country what will happen to them?
Credit building credit cards, also known as secured credit cards, allow the user to deposit a certain amount of money as collateral in order to receive the card. The higher the amount deposited, the higher the credit limit. Websites such as Credit and Bankrate offer information on how to obtain credit building credit cards.
Secured credit cards require that you supply a cash deposit as collateral that becomes the actual line of credit. When first establishing credit or reestablishing credit secured credit cards are an excellent method to use and most banks will be able to provide information on the secured credit cards they offer.