I came to know through one of my friends that one of his colleagues, who lived and worked in US for 6+ years completely relocated to his home country (and no plans to return) and settling there. He has had 3 credit cards with credit line worth 35K combined. He drew all of them as Cash Advance and left US.
How are the CC companies going to pursue this issue? For one, he drew $14.5K from Amex CC. Are they able to pursue this guy abroad?
I guess this is a loophole. If people like these are unaffected after doing this, by moving abroad, then it opens up huge abuse of system.