Can I convince embassies to accept my overpaid credit card as a proof of funds?

I managed to put a few $k USD in my PayPal account from a side business over time. Now, the only problem is PayPal does not have the option to send me the money in a cheque to cash it due to my location, as they do not have that option for countries other than the US. The only option I have is sending the money to my credit card.

In addition to that, my credit card issuer allows me to overpay my credit card, and the excess amount will be treated as if it was on a debit account, that's cool but I can't withdraw that money in cash, because cash rules will still apply if I try to cash that amount from any ATM, meaning I will lose some good % from that money.

So basically I will have a credit card with a few extra $k ready to be spent without taking any credit from the bank.

Will the US embassy or any EU embassy accept this as a proof of fund since it is as good as cash in my checking account (I can provide the embassy with a credit card monthly report which shows this)? I searched and found nothing related to this.

Best Answer

Will the US embassy or any EU embassy accept this as a proof of fund since it is as good as cash in my checking account (I can provide the embassy with a credit card monthly report which shows this)? I searched and found nothing even closely related to this.

No.

A credit card is a liability and is not considered "funds" for the purposes of proving financial sufficiency for visa purposes.

Only a bank statement and (if employed) a salary certificate are accepted as proof of funds:

Recommended documents: U.S. immigration law requires that nonimmigrant visa applicants present evidence of strong economic, familial and/or social ties to a residence outside of the United States to which they are compelled to return. Applications unable to demonstrate such ties will be refused. The Consular Section recommends providing the following documents that can demonstrate such ties:

Proof of employment

Salary certificate

Bank statement(s) demonstrating sufficient funds for travel

Previous passport showing prior international travel

There are some countries which require you to show proof of funds when giving you a visa on arrival; and here they do accept a valid credit card as proof of funds.