Secured Cards
Since most banks will not offer credit lines without some kind of insurance, they offer 'secured' offshore credit cards as an alternative. Secured offshore credit cards involve depositing a certain amount (usually 125-150% of the credit line) to cover what you borrow. For a credit line of 20,000 USD for example, a deposit of 25000-30000 USD may be required. This aside, the card operates to all intents and purposes like a normal credit card, and most carry a major label such as Visa or MasterCard.
Read more about this topic: Offshore Credit Card
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