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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676 views

Should I get cash from credit card at 0% for 8 months and put it on loans?

I have approx $100K in student loans, and am still in my grace period. I am able to get approx $4K cash from my citibank card as a special promotion. I would not have interest on the card until April ...
2
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3answers
1k views

Can I negotiate a credit card settlement by stopping payments?

I have a considerable amount of CC debt spread over three CCs. As my home refinance is in the process, it looks like I will soon have the cash to pay them all off. However, I have been receiving ...
2
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4answers
207 views

Why do grocery stores in the U.S. offer cash back so eagerly?

Most grocery stores and Walmarts I've been to ask you how much cash back you want as one of the steps you punch in after you swipe your credit card. This happens after you have swiped your card so ...
7
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2answers
410 views

Why the different fees for credit and debit card payments?

Could somebody explain why the merchants are charged different fees when the customers use credit and debit cards?
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4answers
112 views

Will canceling one of my CapOne credit cards hurt my credit score?

I have 2 CapOne credit cards, they show up as 1 account with both their credit limits combined on my credit report. My question is; Could I cancel one of those cards and apply for a better rewards ...
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1answer
38 views

Should credit card refunds within the payment period (but after the statement date) be charged interest?

My wife signed up for a 0% balance transfer offer with BarclayCard (UK), and transferred around £1000. The 0% interest is always listed as a line item on the monthly statement. Each month she pays ...
3
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2answers
52 views

Choosing currencies when using credit card on vacation

I use a Canadian Mastercard to pay at restaurants, etc. while on vacation. As a example, I recently made a transaction in Dubai, where after inserting my card and entering my PIN, I was asked about ...
3
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1answer
152 views

Amex Backdating

Reading recently online I have discovered many people talking about Amex "Backdating". Apparently when you open a new card with American Express, they report the age of the account as the same age ...
3
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3answers
201 views

Can credit card be used as a debit card by making payments into credit card before even using it?

I am planning to use Halifax clarity credit card abroad when I travel to Europe. The credit card offers good rates while using abroad with no transaction charge or non sterling transaction charge ...
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0answers
21 views

Is it possible to add a EUR Master Card in PayPal?

I have a bank account and two Master Cards with it: for USD and for EUR. I want to add EUR card in my PayPal account. Is it possible? Do PayPal accepts Euro or it will exchange Euro to US dollars?
2
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1answer
80 views

Is it legal for a vendor to reuse credit details from a previous transaction

I purchased an item online. I got a phone call from them touting some other service. All I said was OK- I didn't understand the details and they charged again a big amount using the originally ...
7
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5answers
784 views

Paying down debt during a no-interest period

In this question, the OP had three cards, and the one with the largest balance had a promotion of 0% APR for a limited time. Normally, the most efficient way to pay down that debt is to start with ...
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4answers
2k views

What should I do with my credit card debt?

I have almost $20,000 in credit card debt and, though I have stopped accumulating it for quite a while now, I'm trying to figure out the best way forward. Can someone please offer advice based on this ...
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3answers
3k views

Am I using my credit card wrong?

For the last five years I've had a baby Visa card ($500 limit) that I've paid off religiously; I haven't paid a cent of interest and I plan to keep it that way. To build credit (and to get a cash ...
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1answer
50 views

Does a 0% on Purchases Credit Card include cashback from a store?

Simple question really, but couldn't find the answer whilst search so thought I would ask here. Basically, I have a 0% on Purchases Credit Card and I was wondering if I bought something on it from a ...
2
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2answers
108 views

Does paying bills or shopping with a credit card build credit better?

Okay, so the only reason I got a credit card was to build credit; Right now I use my credit card 3 times per month to buy gas, then I pay it off as soon as the bill is due. Would it make any ...
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0answers
49 views

How often do I get an auto credit limit increase? [closed]

This question has always crossed my mind since my credit limit increases have been very sporadic. I have never asked for a credit limit increase but I always end up getting one somehow and I wonder ...
3
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2answers
130 views

Does it make sense to check your credit score before applying for a first credit card?

Should someone that has never had a credit card before check his/her credit score before applying?
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1answer
28 views

Swedish Eurocard Credit Card

What are the currency conversion changes for Eurocard credit card issued in Sweden? The official website http://www.eurocard.se is in Swedish and hard to navigate to locate this information.
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2answers
96 views

How does a FICO score start out?

Right now I have 0 credit since I've never had a credit card before, I recently applied for a credit card and got approved so I can start building my credit. I hear that 500-600 is considered very ...
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1answer
82 views

How much will 3 hard inquiries effect my credit score?

I recently started to build credit, I applied for a CapitalOne card and got approved, about a month earlier I saw the option for Bill-me-Later on eBay, so I had checked if I was eligible, but I ...
4
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1answer
80 views

Gift credit card with no inactivity fee?

I purchased a $25 Visa gift card a few years ago, and was surprised to find this morning that it had 0 balance. On questioning I learned that 1) they don't track activity older than one year and 2) ...
2
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3answers
316 views

If I want a Credit Card offered through a different Credit Union should I slowly transition my banking to that CU?

The first bank, and subsequent credit card, I got was while in College. Its a small Credit Union that I only bank with now through Shared Branches. It works for me though and my credit score is ...
2
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2answers
139 views

What is better - Easy Monthly Installments (EMI) or upfront single payment?

While buying electronic gadgets I get to pay the seller in two modes. I have never been able to evaluate which one is better. Let's say I buy a phone worth INR 24,000. The seller offers me two ...
3
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2answers
98 views

Old Cancelled Cards

I was living abroad during the credit crisis, and a few of my credit cards were cancelled for non-use during the crunch to tighten credit. As a result, I have one older account and several newer ...
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1answer
94 views

Why do I need a credit card to rent a car or hotel room, but not to rent an apartment?

This post adequately explains why one needs a credit card for hotel room reservations, car rentals, and similar. But why do I not need a credit card to rent an apartment? Although I do pay a ...
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1answer
81 views

What are the limitations of prepaid payment cards (compared to credit cards)?

I am currently unable to get a credit card¹, but I wish to be able to buy goods from web stores, to buy airline tickets, to rent cars, hotel rooms, etc. Through my bank I only have a Member Card, ...
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1answer
390 views

What happens if I have to return something that I purchased with a credit card that is now canceled?

I bought a few things on Amazon.com that I need to return. However, the card I used was just canceled because of fraud/unauthorized use of the account (apparently a copy of it was made). What will ...
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2answers
53 views

Can I add different billing person and card holder?

I am going to purchase some goods on an online shop. At the checkout I need the add the details of the billing person as well as the details of my credit card. Is it acceptable that I add the details ...
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3answers
120 views

Credit Card with rewards points

My bank is currently offering me a credit card with reward points. Here are the details on it Earn 20,000 bonus rewards points when you spend $2,000 in net purchases (purchases minus ...
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6answers
395 views

What is the best use of “spare” money?

Here are some cliff notes about me: 30 years old immigrant (came to the US late 2009), so no established credit (got a $900 credit card with my bank finally last year) No spouse, no children. Just ...
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1answer
143 views

How to use credit card (Barclaycard UK) merely to build the credit history? [duplicate]

My aim is to buy house in three years time So I started searching for the ways I can get mortgage for the house. I found out that I need good credit score to get mortgage along with other things such ...
2
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1answer
54 views

Still pay for a cancelled transaction with a credit card?

A credit card in U.S. has a monthly billing cycle. If one makes a transaction with his credit card, and then cancel it and the refund can take some time (e.g. two weeks or more) to complete, does he ...
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1answer
422 views

$1147.99 lost on Entropay.com

I wanted to buy a laptop from http ://shop. lenovo .com but it turned out they were not accepting my card, so I went on to the website http ://ww w. entropay .com. This website, as it mentions, ...
2
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2answers
114 views

How will my credit score be affected by a large purchase that raises my utilization if I pay it in full?

My Fiance and I realized that we need to start looking for homes and need to be pre-approved for a home loan. My fiance has better credit then I do, but mine is in good standing. We want to make ...
2
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2answers
55 views

Delay in debt appearing on credit card statement

We charged hospital fees totalling $2400 on a St George Bank credit card on 17 and 21 April 2014. The hospital was located in Denpasar Bali. On last checking the amount owed on the card (12/05/2014) ...
1
vote
1answer
229 views

Credit score getting lower - but I'm doing everything right?

My credit score has dropped considerably in the past year from ~700 - ~600. This is my first credit card so far, and have only used mainly debit in the past. Thing is, I'm not sure why it's ...
4
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2answers
148 views

Can I pay a bill on a credit card (without cash advance)

I just received an invoice for more cash than I have on hand. I have enough available credit to pay the invoice, however the company that invoiced me does not accept credit cards. Is there any way ...
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1answer
82 views

How can I know the minimum due credit card payment and date for an ANZ Visa card?

I have a Visa credit card from the ANZ bank in Australia. I'm currently overseas so cannot visit a branch and would like to avoid international phonecalls so I'm using only Internet banking and email. ...
6
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5answers
1k views

Should I collect receipts after paying with a card?

I heard from some folks that it's wise to collect a receipt after you pay with a card. The reason they propose is that the merchant can theoretically charge your card again after you leave, and a ...
2
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2answers
205 views

Any problem if I continuously spend my credit card more than normal people?

I continuously use my credit card for my friends' expenses. Normally I could spend 20~30K USD each month to get more points/cash back. I don't have large credit limits so in most time I'll put cash ...
3
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2answers
129 views

Delayed foreign credit card transaction refund created “profit” due to better exchange rate - who keeps the profit?

So, I bought some airfare from a foreign airline, and their payment systems were stupidly slow and outdated (esp. when it comes to refunds!), so slow I actually made money due to the USD appreciating. ...
3
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1answer
122 views

Do I build credit at the same rate when my wife and I share a card?

I searched for this question and found a similar one but wasn't able to find the answer to specifically what I'm asking. My wife and I share a credit card. I believe that she's actually the primary ...
28
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8answers
5k views

What are some creative ways to run up my credit card bill without any cost to me?

I got a new credit card with a very large signup bonus - as long as a minimum amount is spent on the card in the first 3 months. I usually don't go for things like this but in this case the bonus is ...
2
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2answers
155 views

Is it acceptable to balance transfer a credit card's balance to itself?

Is it acceptable to balance transfer credit card debt to the same card? Often, balance transfer promotions come as checks in the mail, and I learned that you may write that check to yourself and ...
11
votes
2answers
3k views

What do the numbers on my credit/debit card mean?

I have the following visa card from comdirect.de: I guess: Number A is my credit card number. The 4 groups don't have a meaning. Number B: I have no idea. Might be my security code? Number C is ...
7
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2answers
335 views

How bad is it to have a lot of credit available but not used?

I had a very financially astute reason for getting my first credit card: it was freshman orientation day at college, and one of the banks was giving away free t-shirts to new credit card customers. ...
9
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4answers
593 views

Figuring out an ideal balance to carry on credit cards [duplicate]

Until recently, I was under the impression that it's bad for your credit history to not pay all bills on time and in full. However, a banker recently told me that it's a good idea to carry a small ...
3
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1answer
137 views

Does being added as an authorized user help credit score?

My wife and I both filed bankruptcy 15 months ago, and are slowly getting our credit back. We both got a credit card from Capital One. Does adding each other to the other's card as an authorized ...
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1answer
45 views

Spending arrangements for a dependent student studying abroad

I live in the U.S., and my daughter will be starting college in England in the fall. She is financially dependent on us, has no credit history, and will not have a job while she's in college. We'll be ...