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What happens if you take maximum cash advances from five credit cards and leave the US?
Wiki User
∙ 19y ago
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.
Wiki User
∙ 19y ago
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How do you compare different credit cards?
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 companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
Are credit cards used primarily to obtain cash loans?
Not generally. Cash advances from credit cards are expensive, as they have the highest interest rates and per-transaction fees.
How many credit cards should you have to build credit?
Number of credit cards do not matter, what matters is your payments. As long as you pay in full every month and don't go over 30% on your credit cards you should see maximum results..
What happens to credit cards in a bankruptcy when there is a zero balance?
it does not work
How do you compare different credit cards?
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 companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
Are credit cards used primarily to obtain cash loans?
Not generally. Cash advances from credit cards are expensive, as they have the highest interest rates and per-transaction fees.
Which credit cards have the best rates on emergency cash advances?
Credit card interst rates change daily. Typically Capital One has competitve rates on emergency cash advances.
How many credit cards should you have to build credit?
Number of credit cards do not matter, what matters is your payments. As long as you pay in full every month and don't go over 30% on your credit cards you should see maximum results..
What happens to credit cards in a bankruptcy when there is a zero balance?
it does not work
What happens to charged off credit cards?
They are sold to collection agencies and negatively impact your credit report.
What are the advantages of using Advanta credit cards?
Some of the advantages of using Advanta credit cards are: no maximum credit card limit, a fixed APR of 2.99 percent for life, as well as 6 percent cash back.
What credit card features would be best for customers who might need to use their credit card to borrow money?
Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)
What happens if i default into pay my credit card bill?
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
What happens if one of your credit cards is sold or transferred to another credit card company?
you are still liable to pay what you owe
What happens if you leave Australia without paying your credit cards can i still apply for a visa?
no
