I am leaving India forever in December of this year. I have a house in Singapore and will be a citizen by then. I am seriously considering maxing out the credit limits of all of my cards by transferring them into my account and then into my Singapore account slowly by the end of this year before I leave. I will not do this to my American Express card as I already have another American Express card in Singapore and do not want to risk being charged on the Singaporean card and ruin my CIBIL there.
I am not in any need of money as I am already a millionaire in SGD but I feel like this is just free money that I am leaving on the table. None of my family lives here either so why should I care since I will never be coming back here? I will be doing this via 13 credit cards all issued to me by Indian Banks.
If I pull this off I will be able to make 1.6 crore from all of my cards after deducting the rent payment charges. Do you guys have any opinions and suggestions on how I can pull this off?
How viable is this?
I am not in any need of money as I am already a millionaire in SGD but I feel like this is just free money that I am leaving on the table. None of my family lives here either so why should I care since I will never be coming back here? I will be doing this via 13 credit cards all issued to me by Indian Banks.
If I pull this off I will be able to make 1.6 crore from all of my cards after deducting the rent payment charges. Do you guys have any opinions and suggestions on how I can pull this off?
How viable is this?