But if you move overseas, your credit history in the United States typically has no bearing since other countries have their own systems for judging borrowers' creditworthiness.
But while it may be tempting to skip out on your debt, thinking your credit card issuer can't touch you overseas, doing so could create a bigger headache later on, experts warn.
Thinking of leaving the country -- and your credit card debt -- behind?
While you may be able to get away with it for now, you might be setting yourself up for a financial nightmare in the long run.
Most cards have an interest rate of typically 10% to 30%; it is advisable to check the interest rate before getting a credit card.
Most cards privilege their customers with rewards and offer points on purchase from specific retail or online stores.
While it's unclear how many people actually do default on their debts by leaving the country, some recent statistics in Dubai suggest that it has become more prevalent since the economic downturn.
The credit card issuer companies earn through interest paid by the user, yearly fees and late fees.One of the biggest motivators Americans have for paying their bills on time is to keep their credit scores intact.After all, credit scores impact everything from mortgages to car loans to insurance rates.Credit card is a plastic card that fits easily in your wallet and allows you to make cash free purchases.There is a unique number embossed on each credit card and a limit of credit assigned.Now, I did land on a few that didn't look as sharp as they should have, but mostly the quality lives up to the HD bit rates and should continue to do so going forward.