Offshore Debit and Credit Cards

Offshore Platinum, Gold or Silver Debit and Credit Cards

An offshore debit card provides you with the option of accessing savings held in an offshore account in much the same way as an onshore card would. An offshore debit card requires you to transfer funds to your chosen jurisdiction for ‘safekeeping'. Choose the location carefully, to avoid communication/logistical difficulties later on.

Advantage
Offshore debit cards function in almost the same way as secured credit cards, the difference being you can only spend what is actually funded on the card. The advantage is that they will offer the same privileges, benefits and worldwide acceptance as a major international credit card.

Offshore Credit Cards

An Offshore Credit Card is a credit card linked to an offshore bank account. Offshore credit cards typically come in the widely recognized brands. While the function essentially the same as a traditional credit card from a merchant's point of view, the holder of the card typically has the card linked to an offshore bank account held in an offshore bank, often in an offshore financial center.

Offshore Credit Cards worked almost identical to domestic credit cards. The cards typically have a Visa or Bank Card label, are accepted at more than 14 million locations worldwide and provide cash advances like domestic at several hundred thousand automatic teller machines and banking institutions around the world.

Advantage of an Offshore Credit Cards

The primary advantage to the holder of an offshore credit card is that it provides convenient, direct access to his offshore bank account. In the past, the time and expense involved in completing offshore bank wires, and offshore bank transfers meant retrieving smaller sums of money from a depositor’s offshore bank account was difficult. If the OFFSHORE BANK ACCOUNT holder wanted to withdraw funds, he would either pay a disproportionately large percentage of his withdrawal in fees, or be forced to move a larger sum to his or her domestic bank account.


The Prepaid Credit Card

The solution that we find superior, especially for those who need higher limits for their offshore credit card is the pre-paid credit card. This is Similar to a debit card, in some respects, and similar to a credit card in others. The prepaid credit card in some ways captures the best of both worlds.

There are two big advantages to this type of card.
It gives you access to more of your money. Many secured credit cards necessitate leaving upwards of 200% of your credit line on deposit. Our Bank Debit Card, which offers unlimited monthly purchases, only requires you leave 250 Euros on deposit to cover overages.


It offers more safety. The pre-paid credit card only allows access to the money that has been physically loaded onto the card. This significantly limits any chance of loss due to theft or loss of the card. You get immediate access to the offshore funds that you want access to meanwhile, the rest of your money remains in your offshore savings account earning interest.

There are two types of cards Secured and Unsecured:


Secured Offshore Credit Card - Almost all good offshore credit cards are secured. This means that along with the offshore credit card application you will have to deposit a certain amount to use one. Furthermore, you can expect from an offshore credit card the same privileges as for any major credit card such as cash advances, car rental benefits, insurance, and travel freebies.


Unsecured Offshore Credit Cards are not issued by offshore banks except to well-known clients. Due to the global nature of offshore banking, credit checks would be too complicated and the risk of non-payment too great. The vast majority of 'unsecured' offshore credit cards are scams, because such credit lines would simply not be offered without extensive KYC. Most unsuspecting investors who are lured into unsecured credit card schemes end up paying an initial card registration fee and then never hearing from the 'bank' or 'offshore service provider' again.


In order to save your time learning about Offshore Debit and Credit Cards we encourage you sign up to The Tax Haven Report, Insider Guide rather than look for answers on your own. You'll get a direct access to contacts in the offshore country of interest  (Approved Government Agents) and you get comprehensive cost-effective offshore solutions. 

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