October 30, 2001 By: Sharon Preston Website: http://www.need-to-know-finances.com What are offshore credit cards and how do they work? Previously, it was not so easy to access your funds from an offshore jurisdiction but with the advent of offshore credit cards this has been made very convenient. Offshore credit cards resemble onshore credit cards by wearing the Visa or MasterCard logo and being able to access merchants and ATMs world wide they offer: insurance, car rentals, cash replacement, internet access of statements and an array of other services. But the similarities end there; offshore credit cards only exist as a secured credit card. The cardholder must put up a deposit, which excludes the individual from any credit check. The amount of the deposit needed ranges anywhere from 100-200% of what the credit line you require. For example, if you want a credit line of $10,000 then you would need to deposit anywhere from $10,000 to $20,000 depending on the financial institution in the offshore jurisdiction. In the strictest sense of the word offshore credit cards are not really credit cards, as we know them onshore seeing they are backed by your own funds. There are fees also that are associated with the use of these cards but given the privacy they afford, they are certainly appealing to many individuals. Click here for more information on Offshore Credit Cards or to choose from a variety of related products and services. About The Author: Sharon Preston is a successful author and publisher of http://www.need-to-know-finances.com.  A one stop resource featuring information, reviews and articles related to the offshore arena.

 

Main Menu

Merchant Accounts
Merchant accounts will allow credit card processing, giving you the benefit of being able to accept credit cards from any prospective customer and have the transaction completed at the time of purchase. Free merchant accounts can be found online and will save merchants thousands of dollars every year in credit card processing costs. More Merchant Accounts ...

Money Market Account
Money market accounts can be set up and managed online and you will appreciate the convenience of finding the best money market account available with Internet access. Since there is such a variety of money market funds for you to choose from you will need to review the specific features of each fund. More Money Market Account ...

Checking Account
Online checking accounts offer many benefits and with some that includes free checking. Checking accounts can be managed far more effectively and efficiently online. More Checking Account ...

Savings Accounts
Savings accounts vary considerably from one bank to another. There are a variety of choices for the type of savings account you choose like high interest savings accounts and individual savings accounts. More Savings Accounts ...

Online Bank Account
Internet banks offer such great features and benefits, it is no wonder so many people are using online bank services. Review all the options available to find the best online bank for your banking services. More Online Bank Account ...