In this modern era, there are plenty of financial opportunities to choose from. In the beginning, credit cards were treated as a “precious” element. However, things have changed drastically in the past few years. Today, credit cards are held by a majority of the world’s population. And, there are so many different types of card systems to choose from. Two common types would be the credit and debit cards. And, credit cards are further categorized into “Anonymous” ones.
What are Anonymous Credit Cards?
It is quite evident that anonymous credit cards will not have any name printed on the surface. These cards rose to fame with offshore banking services. With the help of anonymous credit cards, you will be able to access offshore banking facilities from anywhere. These cards are officially managed by the banker. And, they are authorized for use in any country. This means, you don’t have to worry if the use of anonymous credit cards can be illegal.
With an anonymous offshore credit card, you will be able to transfer funds, withdraw cash and also engage in shopping activities. The world wouldn’t even notice that you are using an anonymous credit card. Of course, the list of benefits associated with these cards doesn’t end here. There is so much more to be done with an anonymous credit card.
Regulations Around the Anonymous Credit Card
In most cases, the anonymous credit cards support Euros and American Dollars. And, there is a restriction on the kind of currencies you can withdraw using these cards. A major reason behind this limitation would be the privacy and secrecy laws of banking systems.
On a normal day, your transactions are always monitored and recorded by the system. Whether you withdraw or transfer funds, your transaction will be carefully recorded. This is a standard procedure followed by all banks, both traditional and offshore banking systems. Unfortunately, the process of sending and receiving money can be a complicated process, with multiple steps. When the number of steps increases, you are bound to look for alternatives. This is when offshore banking became useful. And, this lead to the rise of anonymous services like credit cards.
Offshore banking systems assure privacy in two different ways:
- The offshore banking destination must have signed in the Foreign Information Exchange treaty. If the treaty is signed, the banker is obliged to share information about account holders with other countries (included in the treaty). The information has to be shared when requested. Many countries have chosen to skip this treaty. This includes nations like Peru, Thailand and Vietnam. And, these countries specialize in issuing anonymous offshore credit cards.
- Offshore investors have the freedom to request for improved security services. Of course, the security services offered by most local banks are not 100% guaranteed, and reliable. When you are interested in better levels of security, and privacy – you must consider offshore banking.
Benefits of anonymous credit cards
As mentioned previously, every anonymous offshore credit card has a unique set of benefits. In addition to the common advantages, here are few more sophisticated and rewarding features of the card.
Unlimited Tax Benefits
A primary reason why investors choose offshore banking is “tax evasion”. When you decide to make use of anonymous offshore credit cards, you don’t have to pay expensive taxes. The card owner will be free from the offshore, and local taxation policies. This means, you can engage in any kind of financial transaction, and walk away without taxes. Yet, you must remember that all the purchases made should be declared. Anywhere in the world, you will be expected to complete the declaration process.
Declaration might be a tedious activity. But, it will help you from many unexpected issues. Even when the products are declared, you don’t have to worry about paying taxes.
Next in line would be the privacy benefits. Many a times, people choose to use credit cards for its rewards. Apart from monetary benefits, an anonymous offshore credit card can offer you high levels of privacy. For example, your name and details will not be printed on the credit card. Next, you can use the card without making any declarations. Finally, the banker will not have an account of when and where transactions were made.
Meanwhile, you need to remember that every anonymous offshore credit card has an expiry date. The moment your card expires, you need to get hold of new one. Fortunately, offshore banking systems are programmed to detect and replace cards that have expired.
Moving on, you can make use of the offshore credit card to recharge other debit and credit cards. Many local jurisdictions don’t allow card holders to transfer money to other accounts. If you want to transfer money from your credit card, you need to pay a bigger fee. Such hassles are not present in anonymous credit cards. You can recharge debit, and credit cards at a very low fee. The transaction happens within few seconds.
Last but certainly not the least, you can make use of the anonymous credit card for business reasons. If you are running a business, you are likely to acknowledge the benefit of credit cards. And, if the card doesn’t maintain a record of your transactions, it becomes even more interesting. To receive an anonymous credit for your corporate offshore account, you need to fill a separate application form. And, you are expected to maintain at least a minimal deposit with the banker. In most cases, the deposit would be few thousands of Euros or Dollars. The limit of your anonymous credit card will depend on this deposit.
On the whole, every anonymous offshore credit card is a useful tool for investors. There are many impressive benefits linked to these cards. From enhanced accessibility to unique online features to unlimited transactions, the anonymous credit cards are too good to be true. Indeed, you need to apply for this card to witness its actual rewards.
Meanwhile, bear in mind that policies and regulations around anonymous credit cards differ from one bank to another.