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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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 and when overlimit the cardholder is required to make a larger than normal ...
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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 ...
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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, ...
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Can shops use card payments to track/profile customers?

Can shops use payment information when you pay with a debit or credit card to track a customer's buying habits? In other words can a shopkeeper link different purchases at different times in his ...
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Ticketed event after card number has changed

I've had credit cards that had numbers changed due to the store-wide hacks we've all heard about. Usually, the impact is that I need to update my auto-payments to the few I have on file. I purchased ...
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65 views

Can eBay work with your bank card

I want to deposit 60$ I have in my eBay account from doing online surveys and such, but ebay only has my debit card number. Will my bank (Huntington) or any bank allow it to be deposited through my ...
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142 views

How has this compound interest been calculated?

I'm trying to recreate a credit account statement from mathematical principles in order to verify its veracity. This is because I suspect I've been charged an additional payment after supposedly ...
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1answer
151 views

What does each of these fee terms mean?

I am thinking about applying for my first credit card, but I do not understand the meanings of the various transaction fees. There are several items listed as transaction fees: Balance Transfer ...
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91 views

Should a joint credit card be cancelled upon the death of the person named on the card?

This is specifically about credit cards issued within the UK. A little over 2 years ago, my father died, at the time of his death, my parents had joint credit cards (or, credit cards linked to a ...
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84 views

Can reducing credit card utilization quickly improve credit score?

I have one credit card. It is currently at 31% utilization. I have no debts or loans. I want to apply for a home loan soon, and via Credit Karma, this is the only bad spot on my credit score. If I ...
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41 views

Cirrus Branded Cards

I just got a Cirrus branded card, and it begins with 00. I could not find anything similar to this on a BIN list. Is there any reliable way to determine if a card is Cirrus?
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58 views

How long does it take for money to transfer into a mastercard?

I have a Sparkasse bank account(Germany) And I have a MasterCard too. And I am able to link both of them on the website, and I'm also able to transfer money from my bank account into my credit ...
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116 views

Credit Card Offer Wording?

I saw an adv for a credit card that I liked the benefits on. The Chase Freedom Unlimited card (in the US) will do exactly what I need it to at a reasonable APR, but some of the wording really confused ...
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What should I look for in a credit building card?

About a year ago I asked if I should open a credit card just to start a credit score once I turn 18. I turned 18 a few months ago and will qualify to open a card under the Credit CARD act of 2009 (I ...
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53 views

Can my spouse apply for an ITIN, even though he is a non-resident alien who does not pay US taxes?

My spouse does not live, work or earn money in the USA, so he doesn't pay US taxes. (I file as "married, filing separately.") But I want him to be able to apply for US credit cards. He can't get an ...
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48 views

Difference between sort code & account number, and long number, expiry date & cvv

It seems to me that there are two ways of using a credit/debit card for payment Using a combination of the sort code and account number Using a combination of the long (usually 16 digit) number, ...
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79 views

can you see the name of the person who purchased with the credit card online?

if you order something online via PayPal, can the person see the name of the person who purchased it on their credit card?
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87 views

High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation?

I presently have: Credit Card, £2250 balance, interest rate of 17.43% Credit Card, £1500 balance, interest rate of 39.9% (3.5% min payment) Credit Card, £2400, interest rate of 34% Overdraft of ...
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3answers
93 views

Credit score in UK for foreigners

I've been living in the UK for 5 years and I've been working in here for 3 years. Although my credit score is in good condition now as I set some regular debit card payments; according to experian, I ...
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Holding Multiple Credit Cards. Does the credit limits add up and work together? [duplicate]

So lets say I have the following credit cards with the following limits: $1,500 $8,500 $9,000 If they all sat at 0 usage, and I was to charge one of them at say $3000 and let that sit on 0% APR ...
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7answers
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Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit?

I am planning to make a big purchase. I have the money in savings to cover it, but I don't want to drop $2500 all at once if I can avoid it. I have a credit card with a $9000 limit, but I know that ...
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2answers
148 views

Getting a credit card exclusively for the sign-up bonus

There are quite a few credit cards with exceptional sign-up bonuses (and then fairly average terms). If I signed up for one, fulfilled the spending conditions for the signup bonus, used that bonus, ...
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111 views

Signing up for a credit card to pay tax debt - pitfalls of 0% APR for the first year?

I have a tax debt of ~$3000 and am trying to find the best method of paying it. I applied for a credit card that offers 0% APR for the first 12 months. As far as I can tell, this is a much better ...
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189 views

Any creative options for purchasing a used vehicle with cash

Ok so we are planning on purchasing a used vehicle for no more then 16k. We have the cash in hand and so it got me thinking. What options are there to fully take advantage of this situation? My ...
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Can an authorized user of a credit card build their credits from using the card [duplicate]

I have a few years' credit history, and most of the time a FICO score of 780 to 820. I believe my spouse never had any credit accounts. If I add her as an authorized user of one of my credit cards, ...
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94 views

Is keeping a credit card with a fee open worth the positive impact on credit score? (due to age of account)

I have recently paid off my credit cards and would like to close most of them. I have six cards total, three of which are no-brainers to close. The newest card (less then one month old) has quite a ...
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111 views

Paying credit card bill in segments — good, bad, or neutral?

So I prefer to keep total utilization under 25%, and I am at around 20% now. I thought that, since I don't have a due date until next month, I could pay the bill in pieces, little by little, and ...
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108 views

Using credit card near the closing date

Say my closing date is on April 28. and I currently have $0 balance. Is it ok to use the credit to buy something around today (April 24)? Or should I keep my $0 balance until the next closing date and ...
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1answer
37 views

Wire Transfer Instead of Credit Card Payment

I recently wanted to buy a product from a vendor in the UK, but then noticed that they only accept cash or wire transfers for orders from the US. I'm not sure if the vendor is reputable. I was curious ...
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143 views

Canceling a heavily used Credit Card to pick up a new one

I've heard people say if you cancel a credit card it hurts your credit score... not sure how true that is. Anyway... I have a credit card with a $8500 limit that I push a good $2000+ through a month ...
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2answers
59 views

How to calculate interest gained by paying off credit card right before the due date and not earlier?

By not paying off the credit card statement amount right after it is generated but closer to the due date, the same funds can be in a savings account generating interest. I'd like to know precisely ...
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125 views

Lost credit card replaced with new card and new numbers. Credit score affected?

I recently left my credit card at a bar so I reported it as lost to my bank, and my bank said I will get a replacement within a few days. For what it's worth, I picked my card up from the bar a few ...
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Privacy preferences on creditworthiness data

Many US banks issue a privacy statement to their customers (for this question, assume a credit card customer) containing language like what's below, followed by a yes/no "Do we share?" and yes/no "Can ...
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322 views

Why do credit card companies keep advertising balance transfers to those who don't carry a balance?

Given that credit card companies have access to your credit information, why do they keep advertising balance-transfer options to people who have great credit and never carry a balance? What balance ...
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76 views

Some companies charge a fee for using their credit card. What is this fee called?

I need to know what do they call this type of fee?
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87 views

Can I maximize my credit card rewards and keep a low utilization?

I have seen that low utilization is key to keeping or improving my credit score. My question is more in line with credit limit, cash back rewards, and ulitilization. If I make a purchase and then ...
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Do no-balance-transfer-fee credit cards make exceptions in their special offers?

I have a wide array of credit cards that I use to maximize rewards. Every now and then I get an offer in the mail from one of the cards I haven't used in a while, offering 0% APR on balance transfers ...
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Does RBC in Canada report to Equifax or Transunion?

Anybody have a RBC credit card and know which agency they report to?
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237 views

Company is late in paying my corporate credit card statement - will it hurt my credit?

I recently took a business trip for my company and was given a corporate credit card, issued under my name (meaning all else fails, I am responsible for the bill). Our finance people have made a lot ...
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183 views

I owe a small amount on a credit card. Is it better for my credit rating to pay it off right away or to make monthly payments?

On one of my cards (one that I don't really use), I have a balance of $70. If I do nothing, it will pay itself off over the next few months. (It's set to automatically make the minimum payment on ...
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42 views

Does a Canadian Equifax credit report have one's age on it?

I have never got a credit report before and I want to know whether it includes age because I need to show it to rent a place but I'm not comfortable with anybody knowing my age. Credit reports from ...
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204 views

Can splitting a monthly payment into two lower interest payed?

For example if I have a monthly payment on a credit card or car loan and its 300 dollars per Months at an interest rate of 2.5% will making 2 payments per month of 150 help me pay less interest? I've ...
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1answer
207 views

How are the “Credit Card Payments” categories supposed to work in the web version of YNAB?

I am using the web version of You Need a Budget (YNAB) after previously using YNAB 3 and 4. One of the big changes to the web version of YNAB is that credit cards are handled differently, as described ...
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5answers
224 views

What is the official name for a (usually) 3 digit code (usually) on the back of a credit card?

My question is very similar to this one on SO that was closed for being off-topic there and too old to migrate, but it seems on topic here (and maybe on English Language & Usage, but it's not ...
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5answers
1k views

Can you have negative credit utilization? How would it appear on your report and affect your score?

I know from this answer that having 1% utilization is better than 0%, but what about -1%? Is this even possible? Every time I make a charge with my credit card, I pull up my bank's app and pay it ...
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I unknowingly went $1200 over my credit card limit, how do I fix it?

I got a RBC Visa in Canada which I continued to use trusting that I could never go over my limit (except maybe $100 over as stated by a teller to me when I asked why was I able to go $1200 over). So ...
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131 views

Personal Loan or another credit card?

So my friend is trying to get his act together and I'm trying to help him with his finances. His balance on his discover card is ~5000. At one point he was JUST making minimum payments. He got ...
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121 views

How will getting a second credit card from another bank impact my credit score?

I am almost 20 and have had a credit card since I was 18, I was working (officially) since I got my chequing account in early teens. I have been with TD Canada Trust ever since (Canada). Now I want to ...
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Charging a credit card after the last statement but before the next due date? [duplicate]

Say I have a billing cycle as follows: March 1 to March 31st + Due Date = April 27th (this is all hypothetical). If I get my statement on the 31st that tells me my current balance due by the 27th, ...
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Using credit after statement issued — but paying in full?

If I get a statement with $10 on it, but charge 2 more after that it's no longer the same statement -- but if I still pay the $12 on it in the grace period I am still not charged interest. My ...