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 to get LAST FOUR DIGITS of my credit card number? [on hold]

A question if someone would be willing to assist. Recently Credit Bureau (USA) mailed to my home address credit report on request. I received it, checked it and need to discuss something with credit ...
3
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2answers
71 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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2answers
95 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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2answers
168 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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18 views

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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85 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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2answers
106 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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1answer
54 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
35 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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1answer
123 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
56 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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2answers
111 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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1answer
29 views

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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4answers
306 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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1answer
73 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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2answers
77 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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0answers
41 views

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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0answers
20 views

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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2answers
201 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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2answers
146 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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1answer
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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3answers
186 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
104 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
210 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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9answers
8k views

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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1answer
120 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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1answer
88 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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14 views

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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2answers
87 views

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 ...
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1answer
195 views

How can I get out of the debt-trap as quickly as possible?

I have a credit card with 30% interest and a real estate loan with 11% interest. The amount of debt on my card is lower than the real estate loan. I want to redeem the instalments of the real estate ...
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1answer
75 views

Minimum payment criterion for credit cards

Is there a different policy that bank practice in generating minimum payment for a credit card balance? I have two credit cards with 0% interest APR going on both of them. I have similar credit card ...
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1answer
65 views

If I pay my credit card bill before the company reports it, will they always report zero? [duplicate]

If I spend 20 and pay back that 20 instantly after using it, will the credit card company state that I spent 20 and paid 20 back (to the bureaus), if I paid that amount before they reported it? ...
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4answers
802 views

Disputing charge made with chip card

Last month we saw a charge from our local Best Buy store on our Bank of America credit card statement. We had never been to Best Buy in years, and I can't remember when or if I've bought anything ...
4
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1answer
75 views

Will the AMEX to CitiBank portfolio sale affect my credit score?

I've had my Costco-branded American Express credit card for 12+ years. CitiBank will be purchasing the portfolio from AMEX in line with their new deal with Costco. Assuming no hard credit pull and no ...
3
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2answers
125 views

If I pay my credit card balance immediately, will my credit score still go up fast?

I heard that it's good to have a balance because then the bureaus report that balance -- if you pay it off before they report it, they report zero. Since you want the bureaus to know that you use ...
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2answers
70 views

Credit score and paying my balance before the closing date?

If I pay my balance before the closing date, my balance goes to zero and that is what is reported to the bureaus. Given so, would that hardly affect credit? I want my credit to go up as fast as ...
4
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1answer
109 views

USA: Build credit score with second credit card - no history

I am new to the U.S. and therefore have no credit history at all. I am employed here and my salary is good. I want to build credit history and therefore opened a secured credit card which I use ...
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1answer
139 views

Cash Advance causes recurring interest fee after paid in full

In January I made a cash advance of $110 with my credit card. In Februaury, I paid off January's balance (+$10 cash advance fee +$1.82 cash advance interest) in full by the statement due date. This ...
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2answers
239 views

Will I ever lose money if I always pay the credit card bill on time?

One last thing I am pondering before getting a secured credit card. Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on new purchases, ...
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2answers
127 views

What does APR mean I'm paying?

I've read every article and post on the internet and I'm still confused. I'm getting a credit card with a 19.9% APR with no annual or monthly fees. I read that APR is the annual rate for borrowing. ...
4
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3answers
803 views

Do you have to pay if you don't use a credit card with no annual fee?

Say I get approved for a credit line/card and it has no annual fees. If I never use any credit, do I still have to pay money to the lender? Just wondering because I don't want to have any surprise ...
4
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5answers
199 views

Do I need to use all of my credit cards, especially the oldest, every month to build credit?

I understand that it's important to keep my longest line of credit open, which is about 5 years. However, I really don't like using that credit card for logistical reasons (out of state bank, etc.) I ...
3
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1answer
85 views

When my credit card is charged, what information does the business recieve?

Say I purchase an item from an online retailer. I give them my credit card, address, cvc code, etc. When the retailer attempts to charge my card, what information will my bank (or ...
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2answers
74 views

If I paid my credit card but it didnt post to my bank, will future payments go on this bill or my next bill?

I got a secured credit card like 2 weeks ago. I didn't know how the billing cycle worked so I paid the 20 dollar balance yesterday. The payment is still pending and hasn't shown up on my bank account ...
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61 views

Young adult's first credit card - what to look for and what to avoid [duplicate]

What should a young adult - with no credit history, moving out of the parent's home, and not going to college - look for in their first credit card? I mean for comparing various credit card programs ...
3
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3answers
147 views

Closing a store card I just opened

I recently opened a Walmart card account last week with the promotion they had going on. Today I got a credit alert and when I checked it, I noticed my score was a few points lower, seven to be exact. ...
3
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2answers
42 views

Removing unused credit card from CIBIL credit report

I used to hold an ABN Amro(Now RBS) co-branded credit card back in 2008. After using it for a period, I realized that the card was no good for my needs. I called up the customer care and asked for the ...
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1answer
81 views

Credit score impact of immediate card payments

Some background In an attempt to get out of the rental game, I'd like to get my score boosted to the point where I can get considered for first time homebuyer programs. I'm spending north of ...
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3answers
169 views

Why do credit card companies want people with good credit scores? [duplicate]

In order to get approved for most credit cards, you need to have a good credit score. But why do the credit card companies want people with good credit scores (which indicate that you're more likely ...