This is kinda funny, but extremely fake. I’m a second generation immigrant. I can attest that obtaining a credit card without citizenship is basically impossible, and very difficult even with a green card.
Also, when people from Asia travel they usually have dual currency credit cards that work very well in their country and the west. All the major financial organizations have offices in China. Hell you can get a dual currency card from the bank of China in MasterCard or Visa.
First Gen immigrant here. Credit card obtainment is itself not that hard if you already have guardians or sponsors who are willing to cosign your paperworks. If you don’t even have that then it would have been impossible for you to even legally get into this sh*t hole to begin with so I have no idea why you said it was hard.
The hard part is getting a credit line as high as 100k without a stable income and high credit score. Even many US citizens I known don’t even have close to that numbers in all their accounts combined fresh out of college. The conman in the post either already have rich relatives who are paying it back or must have lost even more cash withdrawn from China to bankroll his “scam”
Lastly, regardless of how you spent that money, it’s still entrapped inside the US economy and thus not enrich his own country at all. Unless they bought gold or cash back to China, of course
Credit card obtainment is itself not that hard if you already have guardians or sponsors who are willing to cosign your paperworks.
Pretty large “if” for a lot of immigrant communities.
Getting a credit card with a green card is not hard at all, what are u smoking.
It is if your country isn’t on the western credit based system… A recent immigrant isn’t going to have a loan or mortgage, and most often are in low income jobs, or even paid under the table.
Nah, my SIL is Chinese with a green card and has credit cards and even a mortgage. Arrived in 2017.
Sister in law… Which means she is married to an American. I didn’t say it was impossible, just very difficult for most immigrants.
You know it’s possible for two green card holders to be married, right?
Assuming this is real, how would this shake out? If they leave the country, would those banks be able to get their money from this person?
If they truly never step foot in america again, they just may get away with it assuming China wont play nice with america.
I mean it would be cool if you could do this in a country and then leave and never go back, I think a lot of people would take that deal lol, I would take that deal lol
I mean all it does it make the borrowing requirements for those who come after you harder.
Pulling up the ladder for everyone behind you is not being a freedom fighter, it’s just being an asshole.
How are they kicking away the ladder?
How are they not?
Wouldn’t they just be able to come after him when he gets to China? Plus I don’t think they have bankruptcy as a real option, so…
I steal a whole million dollars myself. Your country is bad.
The business of banks is to trap people on debt and make money on interest, so screwing up banks is a good thing in my book.