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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What's the point of signing “SEE ID” on the back of my credit card? [duplicate]

I remember in college that we were told to not sign the signature strip on the back of the card, but instead to write "SEE ID", meaning see the signature on our driver's license. Is this a valid ...
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1answer
118 views

My retail store credit card charges a fee after the balance is paid

My retail store credit card charges me a $2.00 fee the month after I pay my balance in full. If I pay by the due date is this legal ?
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0answers
58 views

Are there unembossed cards with PayPass/PayWave? [closed]

I suspect what contactless transactions are considered by MasterCard/Visa less trusty than regular ones. Also, I know what Mr. UNEMBOSSED NAME is rather shady cardholder (from MasterCard/Visa PoV) as ...
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4answers
104 views

Is opening a new credit card worth the potential impact?

I'm trying to decide whether or not I should open up a second credit card. The primary reason is to have a backup credit card in case my only (and oldest) card is cancelled/eliminated for any reason. ...
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2answers
65 views

First Credit Card with History

I'm wondering if I should worry about getting a credit card. I have a history, from student loans, which my banking app tells me is "good". Whenever I look at it it fluctuates between 680 and 710. ...
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3answers
61 views

What is a “retail revolving account,” and does it improve my credit score?

This answer and question refer to "retail revolving account". What is a retail revolving account? How is it different than a "general" credit card from a bank? Is it beneficial to have cards ...
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1answer
58 views

Are all credit cards equal? (Especially prepaid ones)

I never had a credit card and never needed one (I prefer other payment methods because of convinience and risks/fraud). But many services, even free online services, request for a credit card (...
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1answer
79 views

How do I prevent my credit card interest from capitalizing?

I have a fairly standard point-rewards Visa credit card - I want to keep the interest on it from capitalizing, so whenever I make a purchase of over $50, or feel like I've made a large number of ...
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0answers
57 views

How do I choose a good credit card? [duplicate]

I usually just use my debit card and always have. I've always been taught that credit cards are a bad idea, but after reading this question: Would I ever need credit card if my debit card is issued ...
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13answers
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Would I ever need credit card if my debit card is issued by MasterCard/Visa?

My debit card is issued by Visa, but MasterCard AFAIK doesn't differ in that case. I can use it to pay in shops, online, to reserve place in hotel etc. I manage to constantly have enough money on ...
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7answers
5k views

Are credit cards not viewed as credit until you miss one payment?

I have recently been trying to improve my credit score in hopes of getting a good/better mortgage here in a few months when I become a first time home buyer. My father has been helping me by doing ...
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3answers
4k views

(Theoretical) Paying credit cards with other credit cards

I want to preface this question by saying that this is theoretical, and I fully understand that it is a slippery slope that could get out of hand if not handled properly, and that the gains do not ...
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5answers
1k views

Can you buy gift cards at grocery store to receive a higher reward rate?

Numerous websites such as this Time article or this Nerdwallet page say you can buy gift cards at grocery store to get the higher category rate when applicable. You can purchase gift cards at ...
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5answers
438 views

Calculating interest for a loan made for a friend on a credit card

I have a credit card with a 16.5% APR. I had $2500 on the card already. I made a purchase for a friend of $3700, who has just paid me back after 11 months. How can I calculate the interest he would ...
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1answer
70 views

How to build credit score as fast as possible [duplicate]

I am looking for details on how to build and raise credit score as fast as possible. I have done some research already, but I am foggy on a few points. Details about me and my financial situation ...
3
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1answer
113 views

About to pay off car loan, how to maintain credit score?

I will soon be finishing paying off my car loan (yay!). This will be paid off with what is a normal monthly payment, not a large sum I'm throwing at the loan, so stretching the loan out longer (if I ...
3
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3answers
135 views

Can I use Amazon's Visa Card promotion and never use the card?

Amazon has a promotion where they say they will give you 50$ off of your purchase if you sign up for one of their Amazon Visa Cards. Upon approval, your new Amazon.com Rewards Visa Card and $50 ...
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1answer
128 views

What will happen if I attempt a contactless payment over the advertised limit?

I work at a food retailer and we accept contactless payments. I've noticed that our card machines still display the Contactless and Apple Pay symbols when a bill is above the limit for contactless ...
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5answers
2k views

In layman's terms, what is balance transfer?

I know very little about my credit cards, all I know is that I make sure to do the minimum payments on time. Some suggested that I do balance transfer? What is that suppose to mean? Can someone pay ...
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3answers
79 views

Exceed the limit on Credit Card #1 or use available limit on Card #2?

Suppose that you have two Credit Cards (denominate them CC), each with a limit of $2000 CDN. CC1 is preferred (because it offers Cash Back), but has a Current Balance of $600. Thus, even if I pay the ...
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1answer
35 views

Is it possible to retrieve Visa currency conversion rates in bulk? MasterCard?

I'm doing a study aimed to figure out if transactions with conversion are good or bad for me. Basic information I'd like to calculate for further analysis is spread and mid-price values. However, Visa'...
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3answers
198 views

Why do credit cards have minimum limits?

Westpac's page on Credit limits says that there's minimum credit limits for its cards. For example, the minimum for Platinum credit cards is A$6000 (just under US$5000). I can understand there being ...
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2answers
33 views

Cash advance on a credit card with a credit balance

Suppose a credit card has a credit/negative balance of $100. If a $100 cash advance is charged to the card, which fees apply? Cash advance fee (max(%, fixed amount)) Interest (cash advance APR) ...
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1answer
53 views

Credit card OTP mechanism

When I purchase anything online, after adding my credit card info, all the payment gateways will forward to a Ui to enter the OTP which I will receive as SMS. This gives me a confident that in order ...
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2answers
112 views

Using credit card balance transfer to pay Mortgage line of credit

I have a mortgage which has a credit margin at rate of 5.75% which I would like to get rid of as soon as possible. One strategy to lower the interest cost would be to using one of my credit card to ...
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4answers
73 views

Personal credit card for business expenses

If I have a personal credit card that is only used for business expenses, is there any disadvantage? The company is a sole prop. If the company becomes an LLC, will that make any difference?
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4answers
185 views

How to pay down credit card debt

Last year I was at a good university and I decided to quit my job and take on a huge load of classes in order to finish in two semesters. I have a wife and a child and the student loans are based off ...
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1answer
158 views

Double reported account closure, no credit history

I'm part of a credit union. I thought I had set up monthly automatic payments from my checking account to my credit card for the monthly fee ($25 each month). Through some way or another, that didn't ...
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6answers
180 views

How can I stop a merchant from charging a credit card processing fee?

According to the answers on Can a merchant charge you more in the US if you want to use a credit card?, I gather that, while it is not illegal for a merchant to pass their payment card processing fees ...
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3answers
1k views

Automatic transaction on credit card to stay active

I have 4 credit cards. I use 3 of them frequently for individual purposes as they offer different cash back for different things. However there is one that I rarely use. Is there a way to set up ...
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2answers
151 views

0% APR first 12 months on new credit card. Can I exceed that 30% rule of thumb and not hurt my credit score?

I opened a credit card account about two months ago, hoping to start building credit. Fortunately, I was approved for a regular credit card, not a secured one. I was informed by the person at the bank ...
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3answers
621 views

Debt Consolidation, trade down car, or both?

I'm a recent graduate, working full time (started in January). I have an average of 21.318% APR across 5 credit cards with a debt totaling $11,137, at $302 monthly min. CC #1: $2493 at 13.4%, $62 ...
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0answers
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Do any Australian banks allow PayWave/PayPass over $100?

I use PayPass regularly on my MasterCard. I knew there was a $100 limit on contactless transactions, but I always thought you could go above that - and you'd just have to enter your PIN to authorise ...
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1answer
58 views

How to handle fee for a balance transfer?

To save some money on interest, last week I transferred a balance of $17,500 from my student loan account to my credit card for 0% APR for 18 months and a 2% transfer fee. The transfer fee ($350) ...
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1answer
40 views

To maintain Credit Score in Canada, should I use a Canadian Credit Card with no Foreign Transaction Fees in England?

I am Canadian who will spend 9 months in England and 3 in Canada for the next 5 years. My 1 Canadian Credit Card (henceforward CCC) charges Foreign TRANSACTION Fees (FTF), and thus I am considering ...
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1answer
104 views

How can I link my Social Security Number to my online account in Bank of America?

It is about a year I am in the U.S. and have an account at Bank of America. I also have a travel reward credit card, but when I wanted to get my credit report from Credit Karma, I was told they could ...
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1answer
139 views

Can a company take money from a Debit Card at a Later Date?

I have booked an online service from a web site which only asked me for the Debit / Credit Card Info (Visa Electron) to reserve the service (Only save my Card details are saved, no deductions are made ...
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2answers
45 views

Medical Bills and IRA Distributions

From my research I think we have unknowingly and accidentally screwed ourselves here, but I would like to ask to confirm. Oct 2015: Our son needed emergency surgery when we were traveling in Panama ...
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1answer
59 views

Is it possible to have a charge-offs deleted after paying it off?

I have 3 charge-offs that I haven't paid for several months due to the fact my income hasn't been strong to cover the monthly payments. Is it possible to arrange to have the charge-offs deleted before ...
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0answers
33 views

Cibil Score - Secure Credit Card

I have a CIBIL score of 620. If I get a secured credit card and I use it properly (30% utilization & EMI on time) how many months does it take to increase my CIBIL score?
6
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2answers
480 views

Is it a good idea to scrape away my credit card's cvv code?

When I obtain a new credit card, I take care to remember the three-digit CVV number stamped into the back of the card, and then remove the number from the card (very thoroughly, because it's usually ...
22
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5answers
9k views

Isn't the security of credit cards with chip worse than with signature?

(I'd expect this question to be duplicate, but couldn't find any that matches the point) It seems to me that the security of credit card transactions got worse by the switch from signing to chip ...
6
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3answers
637 views

Are there banks or credit card companies that track the items in every purchase?

It's nice to look online and see which transactions I made and when, but I think it would be nicer to see which items were bought as well. So I'm looking for that. I want to start making all my ...
28
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1answer
8k views

Who is responsible for a dead person's credit card debt?

If a person is dead, who is responsible for their credit card debt incurred during the time they were alive? What if he was pronounced dead at 3:00 PM, and the purchase on their card happens (or get ...
7
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1answer
242 views

Constant credit card fraud - is this normal?

I have a Chase Sapphire credit card that has only two authorized users: myself and my husband. We are the only ones who have the card. We both use the cards safely following the "rules". I pay using ...
2
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0answers
96 views

Does anyone know how the Curve card works? [closed]

Does anyone know how the backend of the curve card works? The website is here: https://www.imaginecurve.com/ I am not interested in the technology behind the card itself, but how all transactions go ...
2
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2answers
129 views

How to calculate the number of months until a loan is paid off (given principal, APR and payment amount)?

Does anyone know what formula they use for this When will you be debt-free? calculator? I want to put it in a Google Spreadsheet, but I can't find a payments-to-debt-free formula using my Google ...
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1answer
157 views

Credit card creditors have two approaches to handling interest

Most credit cards calculate interest at the end of the cycle and add it to the balance: this reduces the available credit. As an extreme case, when this goes over limit the cardholder is required to ...
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1answer
47 views

Does transferring credit card providers affect your credit score?

I know that part of your credit score is the "average age of lines of credit". However, I'm not sure how the credit agencies determine what a particular "line of credit" is. To be specific, my bank ...
36
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10answers
7k views

Is it ever a good idea to close credit cards?

I have a bunch of credit cards with no balance, while others have fairly high balances. I'd like to close the 0 balance cards, but I know that will reduce my overall balance and hurt my credit rating, ...