I'm in the US and interested in getting a classic Chanel bag in Europe at the end of the year. I'm going to be in Berlin and Vienna, the Seychelles, and then Rome and Florence before heading home. Since I'm leaving the EU twice within 2 weeks, I could either:
1) buy it in Berlin (or possibly Vienna) and drop off forms at VIE or FLR or
2) buy in Rome (or possibly Florence), off the tax forms at or before FLR [all my connecting flights are at non-EU airports]
I know that I'd get a higher VAT refund in Italy than in Germany or Austria, but I'm taking into account other factors. Mainly, is generally better to get the VAT refund on your credit card or in cash?
I've heard the argument that you can't spend the Euros/foreign currency at the airport as your heading back home, but if I were to buy the bag in Berlin and do all the customs at/before VIE, I can spend the refunded cash during the Italian leg of my trip. We also go to Europe quite often, so don't mind taking home some Euros and using on a future trip.
I also know that there is a fee charged for instant cash refunds, but am weary of an unfavorable [to me] exchange rate Global Blue or Premier Tax Free is using to get/convert a Euro refund on my USD credit card.
Last year, I bought a Louis Vuitton bag at Printemps in Paris, went to the tax refund office in the store, and took the cash. We spent it during the remainder of our stay and got the customs stamp (and I believe dropped off the forms) at CDG.