Tagged Questions

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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Do I need to bargain with my credit card customer service for better offers?

I am very new with credit card stuffs. I started with a BOA secure credit card with a credit limit of $300. I always pay off my balance in full each month and never go beyond my credit limit. I ...
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55 views

Can a name be gotten from an account number?

Can a name be gotten from an account number for whom the account bearer is not known? That is to say, should Tim send Jim ONLY his account number, can Jim identify Tim with this information alone? ...
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FICO score provided by discover card legit?

Recently Discover Card has started putting a FICO score on my statements. I was wondering how accurate this score is. Is it an approximation or accurate? What would be other ways (free/paid) to ...
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77 views

Approved for a Credit Line of $700 BoA

I'm 18, and I recently applied for a Credit Card at Bank of America. I applied for the BankAmericacard Cash Rewards Platinum Plus Visa, I got approved for a credit line of $700, I was wondering how ...
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file a complaint to bureaus of a company's residence if you live in another country?

Can I submit a consumer complaint to Better Business Bureau, federal Trade Commissionn, or the Consumer Frauds and Protection Bureau if I've bought a faulty product froma company based in Brooklyn, ...
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1k views

How is Discover different from a Visa or a MasterCard?

I was searching online to compare the new offer I have from Discover, and I found that credit cards are divided into Visa, MasterCard, Discover and American Express. How is the Discover card ...
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37 views

Credit Card Payment Cycles

If I purchase something 5 days before a payment is due, is that purchase included in the payment? That is, if I failed to make a minimum payment would interest accrue on that purchase too? What ...
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80 views

Can cancelling of the newly opened credit cards increase a credit score?

I used to have 5 credit cards in excellent standing : no late payments, credit card utilization < 10%, average age of 0.75 years, total credit line $12K, FICO credit score 725 Last month I got ...
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151 views

Should I always pay my credit at the last day possible to maximize my savings interest?

I want to pay my credit fast but I'm thinking that being too early would cause me to lose on some of the interest I would otherwise have gotten on my savings account. What is the best route for me to ...
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33 views

Delayed charges on card that has been cancelled

I had Mastercard X that had been used to reserve a week long car rental a couple months ago. Then, a month ago, the card was replaced with Mastercard Y because I was determined to be eligible for a ...
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173 views

Is there any reason to prefer Visa or Mastercard?

My Italian bank, Fineco, offers me Visa or MasterCard credit cards at (apparently) the exact same conditions. IIRC when I first requested it a few years ago, it was just a checkbox in the contract ...
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95 views

What data can be extracted from my credit card?

When handing someone (e.g., a hotel receptionist) my credit card, what data can they extract? Obviously the data that is printed on the card (i.e., personal name, various numbers, expiry date, credit ...
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118 views

What kind of credit card transactions generally count as a cash advance?

I understand that if I use my credit card to get cash from an ATM, that counts as a 'cash advance'. Are there any other credit cards transactions that don't involve taking cash from ATM that count as ...
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253 views

Withdrawing IRA early to pay off large credit card debt?

I am 38 years old and married. Because of a mix of bad luck (multiple lay-offs between my husband and I over the years which led to months of unemployment, unexpected major medical bills), choice (job ...
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1answer
65 views

How is Average Length of Credit determined by the Credit Agencies?

Say I get 10 credit cards in one day and hold them for 10 years. My Average Length of Credit is 10 years. Say at that point I open and close a credit card in 0.1 year. Is my Average Length of Credit ...
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174 views

Making money by using cashback option against a paypal and credit card account

My Mastercard gives me 1% cash back. I can set up a paypal account against my master card. Now what is the catch in this scheme? 1.Transfer 1000 dollars from mastercard to paypal( this does not cause ...
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166 views

Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant?

I noticed that when I use my credit card it takes up to 3 business days (even 5 days including weekends if I use it on a Thursday, I have to wait until Monday or Tuesday) for the transaction to appear ...
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548 views

Are all VISA cards connected with bank accounts?

I know that this is a question about fundamentals, but I couldn't find any explanation out there. I'm a bit lost in the world of credit cards. I got used to cards that are issued by a bank for getting ...
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1answer
75 views

Getting the sign-up bonus from the same Credit Card multiple times

If I sign up for a credit card that has a sign-up bonus (i.e., spend $500 in 3 months and get $100 cash; spend $1000 in 3 months and get 30,000 miles), pay the specified amount and earn the reward, ...
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1answer
140 views

ATM took in the money after spitting it out

I tried to use an Indian bank based (HDFC) Multi currency prepaid card in a Bank of America ATM to withdraw some cash. The ATM did spit it out but took it back in weirdly, looked much like it never ...
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1answer
39 views

Cash Signup Bonuses from Credit Cards

I see that there are some sign up bonus deals from Chase and Capital One right now that offer you $100 if you spend $500 in 3 months. I was curious to know if these are generally a check, or if they ...
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4answers
939 views

Explanations on credit cards in Canada

I recently moved from France to Canada, and am a bit lost regarding the way credit cards work in North America. Let me explain my understing to give some context to my question: In France, one has ...
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1answer
49 views

How to use a companion fare if the total fare cost is more than the companion fare limit

I am looking at the Alaska Airlines Master Card And I see: An annual coach Companion Fare every year from $118 (USD)($99 base fare, plus taxes and fees from $19) Now let us say I purchase a full ...
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Do points and miles acquired through signup bonuses ever expire

Many credit cards offer sign up bonuses in the form of points or miles. Now, unless stated explicitly, is there an expiry date for this sign up miles/points?
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Combine credit card cash back with other cash back offer

At this website you can buy gift cards and get cash back. Now I have a credit card that gives 1% cash back. If I use it to purchase a gift card here, will i get 1% back from credit card and on top ...
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115 views

Open and close credit card to save on annual fee

There are many credit cards that waive the fee for the first year. Is it illegal to open up a credit card account, hold it for a year, then cancel it and then turn around again and re open it and ...
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154 views

Can I earn Frequent Flier miles on a flight using FF miles and effectively get them back?

Let us say I have accumulated 50,000 air miles and use it on a flight on Alaska Air from Vancouver to Anchorage. Now , is it correct that just by taking the flight itself, I will earn back 'all' ...
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1answer
44 views

What is meant by an eligible purchase on a cash back card

I am trying to decide on a credit card for travel purposes and i came to MBNA At this link, the word 'eligible purchases' keep cropping up, so I was wondering where I can find a list of eligible ...
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1answer
70 views

Balance transfer from Wells Fargo to Chase

I have had a Wells Fargo Credit Card for about 3 years with a limit of $3100 and a chase bank credit card since January with a limit of $3000. Wells Fargo is charging me close to 13% and chase has its ...
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1answer
2k views

Are Chase credit cards commonly accepted for purchases?

While trying to buy stuff online with a credit card, the options available are usually restricted to Visa, MasterCard and AMEX. I am thinking of getting a credit card from Chase, but where could I ...
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2answers
80 views

How do foreign transaction fees show up on credit card statements?

How do foreign transaction fees show up on credit card statements? Are they usually itemized out? Is the purchase price on your statement just 3% higher if you have a 3% foreign transaction fee? Is ...
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37 views

Is the BA Avios Visa airlines rewards card worth it?

I fly between the US and UK about twice a year - though so far I've only racked up about 16,500 Avios points with British Airways. I'm due to fly back again for Christmas and New Year. If I were to ...
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Do Visa and MasterCard process exchange differently?

My friend, who is willing to visit Indonesia, went to a Russian bank to get a debit card. The manager advised him to go with MasterCard rather than Visa, because "Visa would first convert rubles to ...
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51 views

Consolidate or pay off

I have two large credit cards at 12.95%. I can get a loan for the balance at 13.95%. Am I better to consolidate the debt of both cards or just pay off the cards as is.
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1answer
92 views

What effect does a high credit line have on a mortgage?

I have received a letter from my credit card company increasing my credit line and when I spoke about this with a co-worker, they told me that I should request that the company does not increase my ...
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4answers
532 views

Should I pay half a large balance this month before I get my CC statement?

I have a CC with $6k limit. I normally spend between $0 and $1k on it and pay the balance in full every month. This month I have $4k on it. If I wait until I get a statement to pay it off, will the ...
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What mix of credit lines and loans is optimal for my credit score?

Mint.com just told me my credit score. It says in the advice section: Try to have a good mix of credit lines open. Creditors like to see that you have both loans and credit cards. If you're low ...
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3answers
146 views

What is too much credit utilization on credit card?

Is credit utilization looked by card or total credit? Say I have three credit cards with the following utilizations: Card A Limit: $30000 Balance: $25000 Utilization: 83% Card B Limit: $20000 ...
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2answers
111 views

Will not using a credit card affect my credit score?

I'm keep receiving the messages such as: We notice you aren't using your X Card. Call X for a PIN, ... Or X for a new card. So the question is, how Credit Card inactivity impacts my credit ...
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74 views

Does your total credit limit or debt affect how much new credit you will receive?

Say a friend of mine owns 10 credit cards with a total credit limit of $100,000 with total CC debt of $10,000. Does the total credit limit affect how much new credit will be approved? Does CC debt ...
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1k views

CC account in good standing; Can I request a higher cash back rate?

I've been a good customer with Discover for a number of years. Over that period, they've increased my limit and I've always paid on time, in full. Is it unreasonable to request a higher cash back rate ...
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3answers
9k views

My credit card company is asking for my current income citing “Federal Regulations”

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your ...
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2answers
170 views

How can a school club collect money using credit cards?

tl;dr- How can we legally accept credit cards (to our club bank account) without being able to become a legal entity? I'm an officer an officially-recognized student-run club at my university. I'd ...
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53 views

Credit Cards and Home Loans

I am based on Sydney Australia. Looking to buy a house here. Customer of one of big 4 banks. Long story short, 6 Months back Talked to my bank about buying a house and discussed about my borrowing ...
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2answers
234 views

Why was my Credit Limit Increase Denied?

I applied for a credit line increase from Capital One a few weeks ago. A few days ago I got a letter indicated that the increase request was rejected. The two reasons stated were: Primary ...
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2answers
95 views

Additional credit card with different limit on same account?

Does anyone know of a way to get another credit card for an authorized user but with a much lower credit limit? I'd like to use my existing credit card account but I don't really see a way to do ...
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2answers
111 views

Is a chargeback appropriate when a company cancels and then later un-cancels a service?

So here's the situation: I reserved two spaces on a bus tour Three days before the tour departs I am emailed to notify me the trip has been cancelled. I am given the option to either rebook a day ...
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125 views

Paying off Overdraft first or Credit Card

I have accumulated 18 000 in debt between my Credit Card (-8000, interest=16%) and Cheque Account Over Draft (-10 000, interest=15%). I make 10 000 per month, and I have around 3000 after all my needs ...
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Credit Cards drawn as Cash Advance to the max and moved abroad altogether [duplicate]

I came to know through one of my friends that one of his colleagues, who lived and worked in US for 6+ years completely relocated to his home country (and no plans to return) and settling there. He ...
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313 views

Capital One Free Credit Report - Effect on Credit Score

I have a Capital One credit card. As part of their online services, they offer free credit score requests. I recently began using that service, up to twice or thrice per month. Capital One ...