Credit cards are unstructured debt accounts linked to a plastic card that allows the holder to make purchases from retailers that accept the card. Common credit card networks in the U.S. include Visa, MasterCard, Discover, and American Express.

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2answers
81 views

Can I use prepaid cards to minimize damage of credit fraud

I'm interested in using prepaid cards as a way to minimize the damage that I might sustain if (for instance) a major retail company is hacked and my credit card information is stolen. Does the ...
0
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1answer
57 views

Must I pay a credit card balance after receipt of the statement, or can I pay as I go?

I recently got my first credit card and am not sure how payment works (I'm used to debit cards). I know there's a closing date: you get the statement, and you have to pay it by a certain date. I made ...
0
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2answers
67 views

Credit card and address?

Both purchases are virtual products. A few days I bought something over the phone and deliberately provided a fake address as my credit card billing address (let's not get into why). This purchase ...
3
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2answers
85 views

Reaching Credit Limit

What happens if you reach your credit limit? Would I have to cancel the card? I got a message saying that I am approaching my credit limit.
1
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1answer
85 views

Credit Card balance

My credit card statement was $230. I didnt have the money to pay it off at once so i made payments. The money that was credited to my account was being used. So I'm asking on the day that my balance ...
0
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0answers
25 views

Wrong card holder entry [migrated]

What will happen if i write a wrong CARD HOLDER name when buying a plane ticket? With my brother in-laws consent, I used his credit card to buy a plane ticket. For Card Holder, I put The Bank Name ...
3
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3answers
191 views

Credit Card Security: First six + last four digits

A company asked me to provide the first six digits of my credit card, along with the last four, to identify a credit charge to my account. I'm wondering - that's ten of sixteen digits. How secure is ...
4
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5answers
2k views

Can I preemptively pay my credit card bill before a charge is posted?

Today, I paid a $1000 bill with a credit card that has a $1500 credit limit. (Note, I have changed the numbers slightly here, but the ratios are roughly correct.) The bill has not yet been posted to ...
0
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0answers
30 views

Downside to large deposit instead of insurance policy?

On VRBO (and perhaps others) there is an option to either pay $79 for an insurance policy covering $3000 in damage to the property or place a deposit for the same amount: Assuming that... The ...
0
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0answers
37 views

Visa Credit Card Regulations in Europe

I'm a US expat living in Spain (almost a year now). I made a large purchase at an online store last week with my Visa credit card. The item has not shipped, but I have already been charged for the ...
3
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2answers
452 views

Calculating pay off for credit card with multiple APRs

I have a credit card that is charging me two different APRs, one for cash withdrawal and one for purchases. I am trying to determine how much I need to pay monthly to zero the balance, but most online ...
1
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1answer
72 views

Credit increase hurt loan chances?

Objectives: Continue to purchase 1-2 rental properties a year Keep enough revolving credit for large emergency's Continue to pay off credit balance each month in order to avoid interest charges. ...
3
votes
1answer
95 views

How to bump up my credit for buying a house in a year (open another card or not)

Here's a rough breakdown of my non detailed credit report. I want to buy a house well condo in a year. I am in the 28% tax bracket. I have 20% or more down to avoid PMI. My question is this ...
0
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1answer
99 views

Question about using a VISA card to withdraw money from PayPal balance

According to the following PayPal policy, https://cms.paypal.com/mz/cgi-bin/?cmd=_render-content&content_ID=ua/RecPymt_print The only way for me to withdraw money from PayPal in my country is ...
2
votes
1answer
141 views

Would you liquidate your 401k to pay off debt in this situation?

I have a potentially complex situation that I am looking to resolve in the least painful way possible. I am going through a divorce. My income is nearly twice as much as my ex's, and I am going to ...
1
vote
1answer
66 views

How does credit card's online authentication work?

I am not sure if this question is valid here but this seems to be the most appropriate place. I have a credit card which I use to shop online. When I checkout a product on say, Flipkart, it asks me ...
2
votes
1answer
51 views

How does a bank determine when to report you to Credit Bureaus when added as an Authorized User on a Credit Card?

I've heard that when you are added as a an authorized user on a credit card, it would be reported on your credit history. Example: Larry has a Chase credit card John Doe has no credit cards Larry ...
0
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3answers
107 views

Soft Loan using a 0% APR credit Card

I am getting a new Student Credit Card . It has as 0% Intro APR for 18 months. The credit card company is ready to loan me money, which I can repay in 18 months at 0% APR. With this loan money I ...
10
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6answers
2k views

Is there a catch in applying for a credit card with the first year free, then cancelling before paying for the 2nd year?

There are a lot of cards with very tempting bonuses and rewards which include the first year annual fee waived. The thing is, I want to take advantage of the specific benefits and then bail out when ...
3
votes
2answers
90 views

To whom should I report fraud on both of my credit cards?

I have two credit cards with separate banks. In the last two weeks, I've had one fraudulent charge on each of them. Both fraudulent charges were from businesses in the same city, that is not where I ...
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2answers
166 views

What happen if I don't pay credit card and leave the country

I have a credit card debt of $600, five years ago in Newzealand. I left the country from then, now I live in Singapore. Will the Newzealand bankers come to Singapore and ask my bank to take money ...
2
votes
3answers
138 views

Is there a rule that a merchant must identify themself when making a charge

Recently I sent several credit card payments online. The company that charged my card is a multi-billion dollar company, so not just a small start-up. However on the statements the charges appeared as ...
0
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1answer
43 views

Is it possible to negotiate getting a better credit card tier without the annual fee? [duplicate]

I was logging on to my online credit card account and I saw that there were now offering better cards but with annual fees. My current card is the same variation, but less benefits and zero annual ...
3
votes
4answers
184 views

What to do with this cash- pay off ONE card, or pay down a few?

I've got a $5k payment coming through with about $12k in CC debt, over 4 cards. 1 card is at $3000 (total line is $4k), 14.8% interest rate, another at $3450(total line is 4.5k), 19.3% interest rate, ...
0
votes
2answers
68 views

Over payment via autopay

I have an amex account, say the balance is $200. I setup autopayment for $500 every month. What happens to the $300 left over after the autopay? Do they just take the $200, an no more? It is too ...
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3answers
348 views

What is the difference between the closing date and due date for a credit card?

I just got my first credit card ever to begin building a credit. I got the chase credit card called Freedom. I have heard so many stories of credit cards that I got a little scared and that is why ...
2
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3answers
775 views

What are the complications of making different signatures?

I'm a young person, new to the professional world such as banking. At first, I had difficulty maintaining the same signature. For example, when I opened the bank account, I made different signatures ...
0
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1answer
76 views

In what circumstances will a bank waive the annual credit card fee?

I've had my credit card for two years. I use it extensively for all kinds of purchases and I have never gone over my limit or incurred a late payment fee. The card has an annual fee and I was ...
2
votes
1answer
81 views

Apply for credit card online and get card # immediately?

Are there credit cards, as for online shopping only, that one can apply to online and get the card number immediately, without waiting for a physical card to arrive via snail-mail?
3
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2answers
83 views

How can I judge loan availability?

I want to apply for home loan ( I am from India ). But I did not know If I am qualified for loan or not. Previous history is that I already have a home loan for a property through my family. That ...
1
vote
2answers
169 views

How do I know what credit card to sign up?

So I'm very late to the building-up credit party (27 y/o) but I was thinking since I use Amazon a ton and will be using it even more now that I'm moving into my own appt, an Amazon Credit Card would ...
2
votes
2answers
184 views

Am I investing properly for my future?

What should my next step be? I apologize in advance for the length of the post. I consider myself to be in a good standing, but I'm always looking for ways to improve. Student loans: I graduated ...
4
votes
5answers
373 views

How can people have such high credit card debts?

Apparently, the average US household has 16000 US$ in credit card debt, with even college graduates having 2000 US$ by the time they graduate. In Canada, this figure is almost 27000 CA$. For ...
1
vote
1answer
66 views

If I buy a $0 subsizided phone with a carrier, can my credit card extended warranty apply to the phone purchase?

I'm currently considering getting a subsidized phone for $0 with a 2 year contract through some Canadian carrier. I'd like to use one of my credit cards that extends the manufacturer warranty up to 2 ...
0
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1answer
65 views

How can I resolve a missing credit card reward check?

My wife has a points-based rewards card with a significant point balance. Recently she tried to cash her points (for around $200), requesting a paper check be sent to her mailing address. After 3 ...
1
vote
1answer
55 views

Make Visa, hybrid debit/credit card default to credit mode?

I have a Visa, "hybrid" debit/credit card. Is there a way to make it act as a credit card by default so I don't have to hit "cancel" or "ok" when checking out, just to get it to use credit mode?
1
vote
1answer
145 views

Why does the American Express credit application ask how you want your name to appear?

On the Canadian credit application for an Amex card after it asks for your full name it asks next: how do you want your name to appear on the card? I don't remember Visa asking this. Does this mean we ...
33
votes
14answers
6k views

What are the reasons to get more than one credit card?

I currently have one credit card, and I was thinking of applying for another one since my current card is Amex, and not many stores support that, so I'm thinking of getting a Visa or Mastercard one. ...
0
votes
5answers
199 views

What is the best credit card for someone with no credit history

A little background, I've never had a credit card and I'm seriously due for a credit check as I've never had one. I've applied to numerous credit cards and I've been declined every time. I hold a ...
0
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2answers
270 views

How do celebrities protect their banking-related identity?

Wanted to know this for a very long time, but not sure what's the best place to ask. Their information is everywhere, and public. Like movie stars, pop stars, etc. I know some use a company account, ...
2
votes
0answers
70 views

How soon (after your first credit card statement ever) do you get a credit file/history in Canada?

How many days after your first credit card statement EVER does one get a credit report on file with one of the two Canadian bureaus? I'm trying to develop Canadian credit on my first credit card and I ...
11
votes
4answers
2k views

Credit card issued against my express refusal; What action can I take?

About a year ago, I walked into my local Wells Fargo branch, where I have several personal and business accounts. I had several transactions to take care of and I asked the banker to be quick because ...
0
votes
1answer
54 views

Receive credit card payment sending my customer details to a credit card processing company?

I would like to receive credit card payments for my business. (tourist apartment). I actually get my guests via the booking.com website. This company provides me the guests credit card details. But i ...
4
votes
2answers
111 views

Magazine subscription leads to unauthorized recurring payment

I've heard various stories about unscrupulous business practices relating to recurring credit card payments, but this is a new one on me. I've been subscribing to Scientific American for a long time, ...
24
votes
11answers
5k views

Will a credit card issuer cancel an account if it never incurs interest?

I have a few credit cards that are currently carrying some larger "promotional" balances. These are purchases that I decided to put on a 6, 12, or 18 month 0% APR financing offer vs. taking any points ...
28
votes
6answers
6k views

I received a refund when I did not return the item, and they won't reverse the refund? At what point is that considered “my money”?

The item was a mattress, which I still have and never asked to return. They made a mistake with my delivery and the delivery fee was supposed to be returned. However, the credit, about $600 is on my ...
0
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2answers
209 views

Credit card with no card holder names on it

I am interested in creating a credit/debit card for online use which in no way references my real names and etc. I need to use, for say, pay some website hosting and not expose my credit card printed ...
2
votes
1answer
113 views

How do credit card companies deal with disputes of duplicate charges?

I recently read a post on another site about this situation, and was wondering, as a general question, what stops a merchant from (inadvertently or deliberately) providing multiple copies of ...
6
votes
2answers
128 views

Rental Car Company or Insurance Provider: Whom Do I Call First?

Scenario: I have a 7-day rental on a car from Budget Rent-A-Car. I purchased the rental it with my Capital One Platinum MasterCard, which has rental car coverage. During the evening--below freezing ...
6
votes
2answers
342 views

How do credit cards, minimum payments, and interest work?

I'm just starting out in my financial life and such, so I want to make sure I understand credit cards to avoid nasty surprises when I receive my bill. I am starting to look at credit cards, and there ...