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 Often Should I Chase a Credit Card Signup Bonus?

I put as much of my spending on credit cards as I can, to collect the cashback rewards. I see a lot of credit card offers that have a signup bonus--I've taken advantage of several of these offers in ...
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2answers
165 views

A way to store money in something like a credit card without my name on it? [closed]

I need to travel abroad, and one of the ways I thought I could easily take money without it being in a form of cash is to buy something. Gift cards obviously is a bad idea - it's limited amount ($100 ...
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3answers
1k views

What could be the possible reason for my student credit card denial?

I have a SSN about 30 days old and I am a University student and just started my internship. I applied for a student credit card online ( the requirements were average credit which meant I can start ...
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240 views

Why are earning credit card rewards often tied to groceries and gas?

Is there a business model that makes those more attractive categories for the issuers?
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1answer
39 views

Credit CARD Act and applying payments to recent purchases and balance transfer

The Credit CARD (Card Accountability Responsibility and Disclosure) Act in the U.S. states that payment amounts made in addition to the minimum payment must be applied to balances carrying the highest ...
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1answer
107 views

Brainstorming: Homebrew “credit” card?

In response to another question (about how to make credit cards pay interest on any positive balance), I came up with an odd combination: Get an account with both a debit card and a linked ...
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1answer
55 views

Why aren't there solutions for electronic itemized receipt for retail in-store purchases? [closed]

This is a personal finance question related to retail shopping. I am wondering why, with the evolution of the Web and relatively well-established credit card payment system, there is still no widely ...
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26 views

Rewards Cards: Determining how a vendor is listed with credit card company [duplicate]

How can I determine how a vendor or establishment is listed with the credit card company for the purpose of receiving rewards points or "cash back"? For example, a bar or a restaurant. Some cards ...
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1answer
43 views

Can you subtract credits/returns/refunds from statement balance?

Most credit card companies in the US do not charge any interest on any purchases if you pay at least the statement balance every month. E.g. you effectively get between 25 and 30+25 days of interest ...
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1answer
284 views

What are the pros and cons of using the cash back option at the grocery store register?

I am new to the US. Whenever I make a payment at a grocery store like sunucks, or walmart, etc. on payment terminal, they offer me cash back. I usually decline. I just wanted to know what are the ...
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1answer
37 views

How large is the market for Secured Credit Cards?

I've been looking around but I can't find a hard statistic on how large the secured credit card industry is. I just keep either finding advertisements or advice on them when I search. In fact I can't ...
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65 views

Refund policies: Why do some merchants make credit card refunds too complicated? [closed]

There is a lot of arbitrariness when it comes to refund policies. I understand that by law refunds are not required in all cases. But here is an example. If I buy an item using card and decide to ...
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2answers
89 views

Can my HOA get its own credit card (or something equivalent)?

I'm a volunteer member of my condominium's HOA board. As part of my volunteering, I helped the HOA set up a DSL account that is used to remotely monitor the building's solar panel array. This is all ...
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3answers
153 views

Transferring balance to a debit card

I often receive credit card offers in the mail with very attractive balance transfer options. I wonder what will happen if apply to a a credit card and try to transfer a balance to a debit card. ...
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1answer
44 views

As a student, should I get a credit card from India to the US, or apply for a credit card in the US?

I am planning to travel to the US as a student. I'm currently employed at an IB in India and I could get a credit card with a very good credit limit. However, if I get a credit card after going to the ...
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1answer
54 views

How can certain credit card payment patterns affect my credit score?

My bank allows me to pay off any portion of balance at any time, even if I have not received my statement for those purchases yet. I'm wondering if the frequency, amount, or way that I pay off my ...
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1answer
90 views

Long history of credit vs. many open accounts — where's the line?

I'm not an expert on credit scores, but I have done a good bit of research on how they're impacted by different variables. I know that a long history of a line of credit is seen as a positive; ...
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0answers
52 views

Is it worth enrolling for travel insurance from work or is the coverage from travel credit cards sufficient? [closed]

I just started work recently and the company is offering travel insurance as something I can enroll for (at a cost). Currently, I already have TD's Visa travel infinite credit card. This card has some ...
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11answers
7k views

Should I open a credit card when I turn 18 just to start a credit score?

I spend about $20-30 a week on my debit card, with periodic $200-300 purchases every few months. I've thought about getting a credit card the moment I turn 18 and using it to buy everything, then ...
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1answer
823 views

Should I use my credit or debit card when purchasing groceries?

When I go grocery shopping, I almost always purchase enough to warrant using a card rather than cash. I used to use my debit card for these transactions, but twice in the past (each incident about ...
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1answer
590 views

Can I use balance transfer to buy car?

I am in market to buy new car but I am a little short on money. I could finance the car but if buy on cash, I will qualify for additional savings up to $1000. Furthermore even if I finance the car ...
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2answers
2k views

Are there any credit cards with a statement period longer than 1 month?

I'm surprised that all of the credit cards I've looked at have a statement period of 1 month and almost always have the period run from the 1st to the 31st, though they differ in their payment due ...
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43 views

Advice for applying for new credit with no history to lose

I have had a credit history for all of 7 months, and so I only recently (hypothetically) got a credit score. Now I would like to add a small loan and some better sources of credit to my wallet, and ...
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2answers
178 views

Can I negotiate a 0% transaction fee with my credit card company?

Whenever a month or two passes without using one of my credit cards, the respective bank usually sends me an offer for a 0% APR for a year or so on balance transfers. They send me these blank checks ...
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2answers
1k views

Is the Amazon credit card reported to the credit agencies?

Is the Amazon Store credit card reported to the credit agencies? I'd like to know if a good payment history with this card will affect credit score or not.
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226 views

Achieving ideal credit card utilization above 0%

So everyone is aware of the general rule that you should keep credit card utilization below 30% of your credit limit. It's also a good idea to keep this utilization above 0%. It's very easy to stay ...
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2answers
908 views

Paying Credit Card statement amount in full on due date and using it in the same day

I have this question. I paid my Credit Card statement amount yesterday in full (which I always do), on due date. Its an online transfer. Immediately after an hour (before the transaction is even ...
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1answer
181 views

“Correct” answer on Visa credit quiz doesn't make sense

I'll be turning 18 in a few months, and I'd like to get a credit card as soon as I can. I've been doing some research on the options available, when I stumbled across this credit quiz. I answered the ...
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3answers
186 views

How can a company charge a closed credit card?

My Visa card was closed due to the company of this particular Visa card going out of business. I couldn't charge my card and could only make payments. However, Emusic.com was able to charge it, ...
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122 views

When do you pay the annual fee for a credit card?

This may seem like an obvious question but there seems to be no other resource online explicitly explaining this. Say I have a credit card with an annual fee of $X. Do I pay $X when I apply for the ...
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1answer
152 views

Can't pay with PayPal balance, only shows credit card to pay with

I have about $460 USD in my PayPal balance, and my account is verified. I tried to order a flight for about $400, but the only option PayPal provided is to pay from credit card. I called the flight ...
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5answers
3k views

Oversimplify it for me: the correct order of investing

I have been reading the top posts here, and the recommendations for what to invest in are often similar. What I'd like to know, in as simply of terms as possible, is what the consensus is on priority ...
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2answers
389 views

Unable to pay even the minimum payment on credit card

I was in USA for last 10 years, and I am not able to repay the credit-card payment, not even the minimum payment due. I was paying the minimum payment due before, but as I do not have a job anymore I ...
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3answers
146 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 ...
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1answer
79 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 ...
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2answers
74 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 ...
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101 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.
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1answer
89 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 ...
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3answers
310 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 ...
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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 ...
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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 ...
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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 ...
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2answers
497 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 ...
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1answer
81 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. ...
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1answer
120 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 ...
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1answer
244 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 ...
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1answer
175 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 ...
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1answer
84 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 ...
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72 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 ...
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126 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 ...