Offshore Credit Cards Increase Privacy

Offshore credit cards are cards issued by an offshore bank in a jurisdiction that is different from the cardholder’s home institution. “Unsecured’” offshore credit cards with credit lines are very difficult for the average person to obtain because banks refuse to issue them. Most banks require possession of reliable credit histories and clients must demonstrate their ability to repay the loan. In case the customer is offshore the risk of extending credit is high and therefore the banks issue credit cards to those customers who have a long-standing relationship with the offshore bank.

One of a client’s main concerns is having access to funds. The most practical and hassle free approach is through securing credit cards. With an offshore card, we can withdraw cash or pay merchants at numerous locales all over the world. The special feature of an offshore credit card is that an offshore bank in a corporate name issues the card, avoiding any possible link to our onshore financial identity.

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% to 150% of the credit line) to cover what you borrow. For a credit line of 20,000 U.S. dollars, a deposit of $25,000 to $30,000 U.S. dollars may be required. This aside, the card operates to all intents and purposes like a normal credit card. Most offshore credit cards carry a Visa or MasterCard logo.

Debit Cards

Another type of card often marketed as a credit card is an offshore debit card. Offshore debit cards are linked to an offshore bank account. They are not credit cards. The only money that may be spent is the amount stored in the offshore bank account itself. An offshore Visa debit or MasterCard is accepted worldwide just like a standard credit card.

Offshore Visa or Offshore MasterCard

Most offshore investors will not want to carry suitcases full of cash overseas, so a card that is part of a recognized network like an offshore Visa or offshore MasterCard is often the best option.

Advantages of Offshore Credit Cards:

There are some advantages to having an offshore credit card. They are as follows:

Offshore credit card processing offers a dependable and cost-effective solution for online payments to businesses.

Business owners can accept credit card payments in multiple currencies.

Offshore credit card processing services also enables the merchants to accept various types of credit cards.

The major advantage of securing an offshore credit card is that cardholders get the benefit of zero taxation and protection against currency fluctuations.

Offshore credit card processing has become one of the best practices of online credit card processing services. Through secured servers, customers can easily make purchases online now.

These advantages make securing an offshore credit card a viable option.


Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit for more information about the company’s products and services.


Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.