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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How do foreign transaction fees show up on credit card statements?

How do foreign transaction fees show up on credit card statements? Are they usually itemized out? Is the purchase price on your statement just 3% higher if you have a 3% foreign transaction fee? Is ...
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1answer
15 views

Is the BA Avios Visa airlines rewards card worth it?

I fly between the US and UK about twice a year - though so far I've only racked up about 16,500 Avios points with British Airways. I'm due to fly back again for Christmas and New Year. If I were to ...
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1answer
61 views

Do Visa and MasterCard process exchange differently?

My friend, who is willing to visit Indonesia, went to a Russian bank to get a debit card. The manager advised him to go with MasterCard rather than Visa, because "Visa would first convert rubles to ...
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1answer
45 views

Consolidate or pay off

I have two large credit cards at 12.95%. I can get a loan for the balance at 13.95%. Am I better to consolidate the debt of both cards or just pay off the cards as is.
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1answer
70 views

What effect does a high credit line have on a mortgage?

I have received a letter from my credit card company increasing my credit line and when I spoke about this with a co-worker, they told me that I should request that the company does not increase my ...
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4answers
501 views

Should I pay half a large balance this month before I get my CC statement?

I have a CC with $6k limit. I normally spend between $0 and $1k on it and pay the balance in full every month. This month I have $4k on it. If I wait until I get a statement to pay it off, will the ...
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0answers
35 views

What mix of credit lines and loans is optimal for my credit score?

Mint.com just told me my credit score. It says in the advice section: Try to have a good mix of credit lines open. Creditors like to see that you have both loans and credit cards. If you're low ...
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3answers
117 views

What is too much credit utilization on credit card?

Is credit utilization looked by card or total credit? Say I have three credit cards with the following utilizations: Card A Limit: $30000 Balance: $25000 Utilization: 83% Card B Limit: $20000 ...
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2answers
100 views

Will not using a credit card affect my credit score?

I'm keep receiving the messages such as: We notice you aren't using your X Card. Call X for a PIN, ... Or X for a new card. So the question is, how Credit Card inactivity impacts my credit ...
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1answer
62 views

Does your total credit limit or debt affect how much new credit you will receive?

Say a friend of mine owns 10 credit cards with a total credit limit of $100,000 with total CC debt of $10,000. Does the total credit limit affect how much new credit will be approved? Does CC debt ...
9
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4answers
1k views

CC account in good standing; Can I request a higher cash back rate?

I've been a good customer with Discover for a number of years. Over that period, they've increased my limit and I've always paid on time, in full. Is it unreasonable to request a higher cash back rate ...
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2answers
6k views

My credit card company is asking for my current income citing “Federal Regulations”

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your ...
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2answers
137 views

How can a school club collect money using credit cards?

tl;dr- How can we legally accept credit cards (to our club bank account) without being able to become a legal entity? I'm an officer an officially-recognized student-run club at my university. I'd ...
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0answers
39 views

Credit Cards and Home Loans

I am based on Sydney Australia. Looking to buy a house here. Customer of one of big 4 banks. Long story short, 6 Months back Talked to my bank about buying a house and discussed about my borrowing ...
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2answers
174 views

Why was my Credit Limit Increase Denied?

I applied for a credit line increase from Capital One a few weeks ago. A few days ago I got a letter indicated that the increase request was rejected. The two reasons stated were: Primary ...
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2answers
84 views

Additional credit card with different limit on same account?

Does anyone know of a way to get another credit card for an authorized user but with a much lower credit limit? I'd like to use my existing credit card account but I don't really see a way to do ...
4
votes
2answers
108 views

Is a chargeback appropriate when a company cancels and then later un-cancels a service?

So here's the situation: I reserved two spaces on a bus tour Three days before the tour departs I am emailed to notify me the trip has been cancelled. I am given the option to either rebook a day ...
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3answers
94 views

Paying off Overdraft first or Credit Card

I have accumulated 18 000 in debt between my Credit Card (-8000, interest=16%) and Cheque Account Over Draft (-10 000, interest=15%). I make 10 000 per month, and I have around 3000 after all my needs ...
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2answers
63 views

Credit Cards drawn as Cash Advance to the max and moved abroad altogether [duplicate]

I came to know through one of my friends that one of his colleagues, who lived and worked in US for 6+ years completely relocated to his home country (and no plans to return) and settling there. He ...
8
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1answer
298 views

Capital One Free Credit Report - Effect on Credit Score

I have a Capital One credit card. As part of their online services, they offer free credit score requests. I recently began using that service, up to twice or thrice per month. Capital One ...
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2answers
87 views

How does a tax exemption for an action = penalty for inaction?

This business of framing an event as a gain or loss has applications beyond settlement negotiations, of course. And sometimes the framing is simply a matter of words—the “cash discount” that is ...
29
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8answers
7k views

Why are credit cards preferred in the US?

Where I'm from, credit cards are common, but they're not considered the main daily use-case, as opposed to debit cards. What are practical reasons credit cards are preferred over debit cards in the ...
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0answers
50 views

Is there a downside to applying for several credit cards for rewards?

Qantas offers several bonuses (mostly frequent flyer points) for applying for some credit card programs and spending X amount within Y months with that card. Most of these cards have annual fees. I ...
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3answers
2k views

Is it bad to have multiple credit cards?

I have 4 credit cards that I use occasionally but pay off the balance every month for the most part. Recently I've been suckered into getting store credit cards (Macy's, Kohl's, etc) because they ...
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1answer
55 views

What are the cons of cancelling a high fee credit card?

Are there any factors one needs to be aware of before cancelling a credit card? Reason for cancellation is high annual fee, but will cancelling it hurt the credit score or have other side effects?
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5answers
190 views

How can I take advantage of credit card cash back programs?

I have a credit card that offers cash back (1%) on every purchase. Now there are some stores in Canada that have their own cash back (a.k.a...if you buy something for 5$ and charge 100$ to the card, ...
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2answers
82 views

What kind of Business is Facebook? is it B2B or B2C or Both? [closed]

I want to know What kind of Business is Facebook? is it B2B or B2C or Both? As facebook is getting money from advertisers for showing their ads on facebook and users freely use facebook and sometimes ...
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2answers
75 views

Is there any way to pay online in a country with no international banking system

I live in Ethiopia and based on the National Bank of Ethiopia, it is illegal to get any money out of Ethiopia with out a special permission of the bank, and I personally want to make some online ...
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votes
4answers
812 views

Should I get cash from credit card at 0% for 8 months and put it on loans?

I have approx $100K in student loans, and am still in my grace period. I am able to get approx $4K cash from my citibank card as a special promotion. I would not have interest on the card until April ...
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3answers
1k views

Can I negotiate a credit card settlement by stopping payments?

I have a considerable amount of CC debt spread over three CCs. As my home refinance is in the process, it looks like I will soon have the cash to pay them all off. However, I have been receiving ...
2
votes
5answers
445 views

Why do grocery stores in the U.S. offer cash back so eagerly?

Most grocery stores and Walmarts I've been to ask you how much cash back you want as one of the steps you punch in after you swipe your credit card. This happens after you have swiped your card so ...
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3answers
484 views

Why the different fees for credit and debit card payments?

Could somebody explain why the merchants are charged different fees when the customers use credit and debit cards?
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4answers
126 views

Will canceling one of my CapOne credit cards hurt my credit score?

I have 2 CapOne credit cards, they show up as 1 account with both their credit limits combined on my credit report. My question is; Could I cancel one of those cards and apply for a better rewards ...
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1answer
62 views

Should credit card refunds within the payment period (but after the statement date) be charged interest?

My wife signed up for a 0% balance transfer offer with BarclayCard (UK), and transferred around £1000. The 0% interest is always listed as a line item on the monthly statement. Each month she pays ...
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2answers
62 views

Choosing currencies when using credit card on vacation

I use a Canadian Mastercard to pay at restaurants, etc. while on vacation. As a example, I recently made a transaction in Dubai, where after inserting my card and entering my PIN, I was asked about ...
3
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1answer
233 views

Amex Backdating

Reading recently online I have discovered many people talking about Amex "Backdating". Apparently when you open a new card with American Express, they report the age of the account as the same age ...
3
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3answers
236 views

Can credit card be used as a debit card by making payments into credit card before even using it?

I am planning to use Halifax clarity credit card abroad when I travel to Europe. The credit card offers good rates while using abroad with no transaction charge or non sterling transaction charge ...
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0answers
27 views

Is it possible to add a EUR Master Card in PayPal?

I have a bank account and two Master Cards with it: for USD and for EUR. I want to add EUR card in my PayPal account. Is it possible? Do PayPal accepts Euro or it will exchange Euro to US dollars?
2
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1answer
86 views

Is it legal for a vendor to reuse credit details from a previous transaction

I purchased an item online. I got a phone call from them touting some other service. All I said was OK- I didn't understand the details and they charged again a big amount using the originally ...
7
votes
5answers
798 views

Paying down debt during a no-interest period

In this question, the OP had three cards, and the one with the largest balance had a promotion of 0% APR for a limited time. Normally, the most efficient way to pay down that debt is to start with ...
10
votes
4answers
2k views

What should I do with my credit card debt?

I have almost $20,000 in credit card debt and, though I have stopped accumulating it for quite a while now, I'm trying to figure out the best way forward. Can someone please offer advice based on this ...
12
votes
3answers
3k views

Am I using my credit card wrong?

For the last five years I've had a baby Visa card ($500 limit) that I've paid off religiously; I haven't paid a cent of interest and I plan to keep it that way. To build credit (and to get a cash ...
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1answer
54 views

Does a 0% on Purchases Credit Card include cashback from a store?

Simple question really, but couldn't find the answer whilst search so thought I would ask here. Basically, I have a 0% on Purchases Credit Card and I was wondering if I bought something on it from a ...
3
votes
2answers
171 views

Does paying bills or shopping with a credit card build credit better?

Okay, so the only reason I got a credit card was to build credit; Right now I use my credit card 3 times per month to buy gas, then I pay it off as soon as the bill is due. Would it make any ...
2
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0answers
61 views

How often do I get an auto credit limit increase? [closed]

This question has always crossed my mind since my credit limit increases have been very sporadic. I have never asked for a credit limit increase but I always end up getting one somehow and I wonder ...
3
votes
2answers
143 views

Does it make sense to check your credit score before applying for a first credit card?

Should someone that has never had a credit card before check his/her credit score before applying?
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1answer
32 views

Swedish Eurocard Credit Card

What are the currency conversion changes for Eurocard credit card issued in Sweden? The official website http://www.eurocard.se is in Swedish and hard to navigate to locate this information.
4
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2answers
109 views

How does a FICO score start out?

Right now I have 0 credit since I've never had a credit card before, I recently applied for a credit card and got approved so I can start building my credit. I hear that 500-600 is considered very ...
2
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1answer
94 views

How much will 3 hard inquiries effect my credit score?

I recently started to build credit, I applied for a CapitalOne card and got approved, about a month earlier I saw the option for Bill-me-Later on eBay, so I had checked if I was eligible, but I ...
4
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1answer
86 views

Gift credit card with no inactivity fee?

I purchased a $25 Visa gift card a few years ago, and was surprised to find this morning that it had 0 balance. On questioning I learned that 1) they don't track activity older than one year and 2) ...