I have two friends who are in the process of doing this right now as they are in New Zealand. It's not just credit cards either - there's a couple of loans as well. When I was living in Australia, friends of my wife had come over to live and they also did it but I have not been in contact with them so I don't know how it all turned out. Just to make things clear, I am really curious as I have heard no less than three stories pertaining to this and have heard of no consequences so far in all the cases. I cannot believe that credit card companies have no protection from people doing this when it is such an obvious thing to do. We are talking anything from £5000 right through to £25000 worth of unpaid debt that seemingly can be gotten away with. To me, this is straight out credit card fraud and/or theft. If you were to hold up your local convenience store at gunpoint for a measly £500, whether you move abroad or not, you can guarantee that you would be spending time in jail for it!