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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My bank often blocks my card during purchases - what is the most reliable bank card? (UK)

My bank (Natwest) blocks my debit card so frequently that I'm often worried about making large transactions - such as checking out of a hotel, buying at a luxury store, etc. It ruins experiences that ...
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105 views

Price drop protection on Apple iPhone

Two of my credit cards (Discover and Citi) have programs for cardholders that allow you to buy a product and if the price drops in certain amount of time, file a requests to be reimbursed the ...
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2answers
51 views

how does a new credit card impact my credit score?

I took a new credit card 2 weeks back and now I saw an exciting offer for a new travel credit card. I know there is definitely an impact because of the hard inquiry but would it impact the score in ...
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165 views

When is the right time to pay my credit?

I am confused on when is the right time to pay my credit. Here is what is written in the paper included with my card. Statement Date: 21st of the month Payment Due Date: 24 days after statement ...
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1answer
93 views

Credit limit decrease in order to get a credit limit increase?

I just opened a new credit card because it gives me better cash back on the things that I purchase. However, it has a credit limit that is only 1/3 of that of my existing card. Just before I got the ...
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2answers
41 views

Closing a home loan and credit card use

I'll be closing on a home loan in the next month. I'm aware of the risks of running up credit during this period. Right now I have a very low credit utilization ratio (~5% or less). I'd like to make a ...
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1answer
98 views

will using credit card a lot help building credit score?

I have a credit card with a very low limit, which I finish regularly in a very limited time. will using it to the limit and pay the balance several time per one statement help to build the credit ...
2
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1answer
94 views

Getting the fraud alert to the right person

I have a credit card account with three cards; each has a unique number and a unique name. The three people may be in the same room, or they may, in the extreme case, be on different continents. The ...
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1answer
79 views

Optimal number of credit cards for a given length of credit history

I'm a graduate student in the US since Fall 2013. While I started working at my university the same year, I applied for my first credit card(Discover it) only during March 2014. After about 6 ...
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1answer
301 views

Challenged an apparently bogus credit card charge, what happens now?

Last month, I noticed a $15 charge from an apparently legitimate business that I had never heard of and never done business with. They sell data management software. I can't imagine what they would ...
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1answer
57 views

How long does an account stay 'open' on your credit report

A few years ago I had very little credit history and my parents agreed to put me as an authorized user of their cards to help build my credit. I've since built my credit significantly and my parents ...
2
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1answer
269 views

If I mistake credit card security code a few times online, would the card be disabled?

it's my credit card, but i don't have it with me now and forgot the three digit security code ... In order to use it, i would like to see if i can try guessing the security code online till i get the ...
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How can I pay a credit card bill for a company that doesn't provide an automatic payment service?

Credo Credit Cards do not offer an automatic payment feature is there a way I can automatically pay the monthly statement automatically? I checked mint.com's billpay and they only list credo mobile.
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3answers
779 views

Are debit cards and “open loop” gift cards accepted everywhere that credit cards are?

In U.S., a debit card or an "open loop" gift card will normally have a Visa or MasterCard logo on it, and the card can be used in "credit" mode. Does that mean that such a debit card or gift card can ...
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1answer
102 views

If I take out a cash advance, how exactly do I get charged and does it hurt my credit?

I'm in a situation where I need $2500 (USD) in cash (for a money order/cashier's cheque). I'm considering taking out a cash advance on my new US credit card. My credit card agreement says the "APR" ...
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0answers
46 views

Default on credit report

I was wondering if anyone could help me with a situation that is giving me a lot of trouble at the minute? Back in 2011, I took a credit card with Vanquis Bank. Being young and silly, I didn't really ...
4
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1answer
123 views

Will moving my debt from one credit card to another affect my credit score?

I have a card that is 50% used with 7% interest. The max credit limit on the card is $10,000, and I used $5000. I have another card that is $14,000 and I have $2900 used, but the interest is 14.9%. I ...
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1answer
64 views

Do I have to make a minimum payment to my credit card even if the balance is $0 after redeeming rewards?

Let's say this month I spent $50 with the card. The statement comes at the end of the month with a $50 balance and a $30 minimum payment required. Let's say I redeem my rewards on the card, which ...
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1answer
87 views

How far can a credit card balance go into the negative?

Hypothetically, if kept overpaying a credit card such that the negative balance kept increasing to absurd amounts, what would happen? For example, say I have a credit card with a line of $500. ...
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1answer
108 views

How long does a retailer have to take payment?

I made an e-commerce purchase in January 2015, for which I used a credit card. The product was delivered promptly; no problem there at all; however the retailer failed to debit my account until around ...
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3answers
861 views

Finding out actual items bought via credit card issuer and not the store receipt?

When one goes to the grocery store, one receives a receipt that lists all the items one has bought, with the name of the item and its amount. On my credit card statement (BoA), I only see a charge ...
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5answers
324 views

Is it wise to have plenty of current accounts in different banks?

Is it ok for an individual to open many (10+) current accounts with different banks? I have no business. The reason behind that is that I usually get a credit card with every new bank account I ...
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2answers
284 views

What recourse does a credit card company have upon default?

What recourse does a credit card company have if a customer defaulted and stopped making payments in the U.S.? For example, can they: Legally force him to liquidate his assets (like his home or ...
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2answers
98 views

How long should one wait before reapplying for credit card after account closure

I have recently come out of some financial trouble. I had about 4 collection agencies I owed money to and 2 credit card accounts that had been frozen and closed. I have now paid off both credit cards ...
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1answer
102 views

How to minimize damage from sale of savings account

I've been a Bank of America customer for ~13 years and have maintained the same accounts during that period. I currently have a checking and savings account with them and have two credit cards (one ...
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3answers
296 views

I plan to buy a car soon and I have the cash. Should I use my credit cards to pay for them?

I have enough cash to pay off a car I'm planning to buy. However, instead of using cash on a debit card, I thought of using my credit cards instead so I can earn points on them. Are there any ...
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273 views

Should I cash out some of my retirement to pay credit card debt?

I'm very recently divorced and have accumulated the following credit card debt, both during my marriage and during my separation, when I struggled to get by while paying both a mortgage and rent on my ...
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3answers
3k views

Why does Chase Freedom require me to “activate” my card for rewards every quarter?

Note: The "activation" I am talking about here is not the same as the "activation" in this question. I just got a Chase Freedom credit card, mostly for the 5% cash back rewards. I had seen that ...
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2answers
95 views

How to cancel a credit card and verify it was closed

I would like to cancel my Delta Amex. In the online portal, there are no links that permit me to cancel the card online and receive an instant verification that it was closed successfully. Due to ...
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1answer
89 views

How soon in advance to cancel a credit card to avoid the annual fee?

Last year I applied for a credit card (Delta Gold Amex) in order to get 50K bonus miles with the first year annual fee waived. I'm about to cash in the miles and I have never paid a dime in interest. ...
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3answers
229 views

If I was to buy something a day before my due date for my credit card bill, would I be charged interest?

First of all, I am a resident of Canada. I am sort of new to credit cards, so I hope my question makes sense. I've had my card for a few months ago and I've always payed the balance in full by the ...
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1answer
95 views

Is it possible to be subject to cash withdrawal even if you don't use ATM?

Some companies offer using credit card for paying rent for an extra fee, or some other big-charge transactions that you might traditionally be required to pay for through ACH, a personal check and/or ...
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0answers
95 views

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
210 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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2answers
341 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
65 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
128 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
88 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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0answers
27 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 ...
3
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1answer
92 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 ...
3
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1answer
311 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
51 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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1answer
98 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 ...
2
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2answers
109 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
335 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
68 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
67 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 ...
4
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1answer
123 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; ...
2
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58 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 ...