How to extract cash from a credit card?

Discussion in 'The talk about everything lounge' started by Madman, Jan 11, 2019.

  1. Madman

    Madman Member

    Someone I know is writing a novel about a character who has 3 credit cards, with 20k limit each, and is planning on leaving the country, with no plans to return..

    Supposing there are no plans on repaying the credit cards.. what is the most efficient way to turn the credit card limits to cash? I imagine one way is to buy used cars from dealers and then sell them.. is there a better way?
     
  2. UScorp

    UScorp Active Member

    Buy Rolex , Steel models, GMT Master etc
     
    Madman likes this.
  3. Madman

    Madman Member

    Cheers, thanks for that. How do you avoid paying VAT on rolexes sold in Europe? Can you buy at the airport?
     
  4. niggashit

    niggashit Building Trust Entrepreneur

    Plastiq.com
    Squareup.com

    No any better way than this :D
     
    Madman likes this.
  5. UScorp

    UScorp Active Member

    Yes you can avoid VAT if you purchase using a company with a valid VAT number. Airport is working as well e.g. Wempe at Frankfurt Airport
     
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  6. Madman

    Madman Member

    Brilliant, thanks guys, this fictional character will have a lot of fun :)