Offshore Credit Cards: Super Rich Use Offshore Credit Cards

Using Offshore Credit Cards

Although many successfully employ their offshore credit cards there are some pitfalls associated with their use, says David Finzer, CEO of Offshore Banking House Capital Conservator. For example a US citizen has recently ended up in court charged with tax evasion because he used his offshore card to buy luxuries in the US with un-taxed dollars from an offshore account.

Investors frequently use offshore credit cards in their home countries, however this individual did not count on there being video cameras in 400 of the cash points he visited. It is difficult to disprove video being caught on camera using a card with your name on it.