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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Using credit card balance transfer to pay Mortgage line of credit

I have a mortgage which has a credit margin at rate of 5.75% which I would like to get rid of as soon as possible. One strategy to lower the interest cost would be to using one of my credit card to ...
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30 views

Personal credit card for business expenses

If I have a personal credit card that is only used for business expenses, is there any disadvantage? The company is a sole prop. If the company becomes an LLC, will that make any difference?
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3answers
71 views

How to pay down credit card debt

Last year I was at a good university and I decided to quit my job and take on a huge load of classes in order to finish in two semesters. I have a wife and a child and the student loans are based off ...
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19 views

Double reported account closure, no credit history

I'm part of a credit union. I thought I had set up monthly automatic payments from my checking account to my credit card for the monthly fee ($25 each month). Through some way or another, that didn't ...
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5answers
131 views

How can I stop a merchant from charging a credit card processing fee?

According to the answers on Can a merchant charge you more in the US if you want to use a credit card?, I gather that, while it is not illegal for a merchant to pass their payment card processing fees ...
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3answers
1k views

Automatic transaction on credit card to stay active

I have 4 credit cards. I use 3 of them frequently for individual purposes as they offer different cash back for different things. However there is one that I rarely use. Is there a way to set up ...
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2answers
132 views

0% APR first 12 months on new credit card. Can I exceed that 30% rule of thumb and not hurt my credit score?

I opened a credit card account about two months ago, hoping to start building credit. Fortunately, I was approved for a regular credit card, not a secured one. I was informed by the person at the bank ...
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3answers
596 views

Debt Consolidation, trade down car, or both?

I'm a recent graduate, working full time (started in January). I have an average of 21.318% APR across 5 credit cards with a debt totaling $11,137, at $302 monthly min. CC #1: $2493 at 13.4%, $62 ...
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How should I import credit card data from HSBC UK into Banktivity?

I tried using the automatic connection to IGG, but it didn't work. I was getting erroneous data. So, I'm trying it to do it manually. Most accounts seems to work just fine with the Quicken 2002 OFX ...
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0answers
34 views

Do any Australian banks allow PayWave/PayPass over $100?

I use PayPass regularly on my MasterCard. I knew there was a $100 limit on contactless transactions, but I always thought you could go above that - and you'd just have to enter your PIN to authorise ...
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1answer
52 views

How to handle fee for a balance transfer?

To save some money on interest, last week I transferred a balance of $17,500 from my student loan account to my credit card for 0% APR for 18 months and a 2% transfer fee. The transfer fee ($350) ...
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24 views

To maintain Credit Score in Canada, should I use a Canadian Credit Card with no Foreign Transaction Fees in England?

I am Canadian who will spend 9 months in England and 3 in Canada for the next 5 years. My 1 Canadian Credit Card (henceforward CCC) charges Foreign TRANSACTION Fees (FTF), and thus I am considering ...
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1answer
66 views

How can I link my Social Security Number to my online account in Bank of America?

It is about a year I am in the U.S. and have an account at Bank of America. I also have a travel reward credit card, but when I wanted to get my credit report from Credit Karma, I was told they could ...
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1answer
104 views

Can a company take money from a Debit Card at a Later Date?

I have booked an online service from a web site which only asked me for the Debit / Credit Card Info (Visa Electron) to reserve the service (Only save my Card details are saved, no deductions are made ...
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2answers
44 views

Medical Bills and IRA Distributions

From my research I think we have unknowingly and accidentally screwed ourselves here, but I would like to ask to confirm. Oct 2015: Our son needed emergency surgery when we were traveling in Panama ...
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1answer
58 views

Is it possible to have a charge-offs deleted after paying it off?

I have 3 charge-offs that I haven't paid for several months due to the fact my income hasn't been strong to cover the monthly payments. Is it possible to arrange to have the charge-offs deleted before ...
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0answers
28 views

Cibil Score - Secure Credit Card

I have a CIBIL score of 620. If I get a secured credit card and I use it properly (30% utilization & EMI on time) how many months does it take to increase my CIBIL score?
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2answers
460 views

Is it a good idea to scrape away my credit card's cvv code?

When I obtain a new credit card, I take care to remember the three-digit CVV number stamped into the back of the card, and then remove the number from the card (very thoroughly, because it's usually ...
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4answers
8k views

Isn't the security of credit cards with chip worse than with signature?

(I'd expect this question to be duplicate, but couldn't find any that matches the point) It seems to me that the security of credit card transactions got worse by the switch from signing to chip ...
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3answers
610 views

Are there banks or credit card companies that track the items in every purchase?

It's nice to look online and see which transactions I made and when, but I think it would be nicer to see which items were bought as well. So I'm looking for that. I want to start making all my ...
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1answer
8k views

Who is responsible for a dead person's credit card debt?

If a person is dead, who is responsible for their credit card debt incurred during the time they were alive? What if he was pronounced dead at 3:00 PM, and the purchase on their card happens (or get ...
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1answer
224 views

Constant credit card fraud - is this normal?

I have a Chase Sapphire credit card that has only two authorized users: myself and my husband. We are the only ones who have the card. We both use the cards safely following the "rules". I pay using ...
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0answers
87 views

Does anyone know how the Curve card works? [closed]

Does anyone know how the backend of the curve card works? The website is here: https://www.imaginecurve.com/ I am not interested in the technology behind the card itself, but how all transactions go ...
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2answers
116 views

How to calculate the number of months until a loan is paid off (given principal, APR and payment amount)?

Does anyone know what formula they use for this When will you be debt-free? calculator? I want to put it in a Google Spreadsheet, but I can't find a payments-to-debt-free formula using my Google ...
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126 views

Credit card creditors have two approaches to handling interest

Most credit cards calculate interest at the end of the cycle and add it to the balance: this reduces the available credit. As an extreme case, when this goes over limit the cardholder is required to ...
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1answer
46 views

Does transferring credit card providers affect your credit score?

I know that part of your credit score is the "average age of lines of credit". However, I'm not sure how the credit agencies determine what a particular "line of credit" is. To be specific, my bank ...
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10answers
7k views

Is it ever a good idea to close credit cards?

I have a bunch of credit cards with no balance, while others have fairly high balances. I'd like to close the 0 balance cards, but I know that will reduce my overall balance and hurt my credit rating, ...
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2answers
983 views

Can shops use card payments to track/profile customers?

Can shops use payment information when you pay with a debit or credit card to track a customer's buying habits? In other words can a shopkeeper link different purchases at different times in his ...
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1answer
2k views

Ticketed event after card number has changed

I've had credit cards that had numbers changed due to the store-wide hacks we've all heard about. Usually, the impact is that I need to update my auto-payments to the few I have on file. I purchased ...
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1answer
71 views

Can eBay work with your bank card

I want to deposit 60$ I have in my eBay account from doing online surveys and such, but ebay only has my debit card number. Will my bank (Huntington) or any bank allow it to be deposited through my ...
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2answers
171 views

How has this compound interest been calculated?

I'm trying to recreate a credit account statement from mathematical principles in order to verify its veracity. This is because I suspect I've been charged an additional payment after supposedly ...
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1answer
154 views

What does each of these fee terms mean?

I am thinking about applying for my first credit card, but I do not understand the meanings of the various transaction fees. There are several items listed as transaction fees: Balance Transfer ...
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1answer
96 views

Should a joint credit card be cancelled upon the death of the person named on the card?

This is specifically about credit cards issued within the UK. A little over 2 years ago, my father died, at the time of his death, my parents had joint credit cards (or, credit cards linked to a ...
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2answers
95 views

Can reducing credit card utilization quickly improve credit score?

I have one credit card. It is currently at 31% utilization. I have no debts or loans. I want to apply for a home loan soon, and via Credit Karma, this is the only bad spot on my credit score. If I ...
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2answers
73 views

Cirrus Branded Cards

I just got a Cirrus branded card, and it begins with 00. I could not find anything similar to this on a BIN list. Is there any reliable way to determine if a card is Cirrus?
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1answer
68 views

How long does it take for money to transfer into a mastercard?

I have a Sparkasse bank account(Germany) And I have a MasterCard too. And I am able to link both of them on the website, and I'm also able to transfer money from my bank account into my credit card(...
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1answer
118 views

Credit Card Offer Wording?

I saw an adv for a credit card that I liked the benefits on. The Chase Freedom Unlimited card (in the US) will do exactly what I need it to at a reasonable APR, but some of the wording really confused ...
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2answers
97 views

What should I look for in a credit building card?

About a year ago I asked if I should open a credit card just to start a credit score once I turn 18. I turned 18 a few months ago and will qualify to open a card under the Credit CARD act of 2009 (I ...
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2answers
57 views

Can my spouse apply for an ITIN, even though he is a non-resident alien who does not pay US taxes?

My spouse does not live, work or earn money in the USA, so he doesn't pay US taxes. (I file as "married, filing separately.") But I want him to be able to apply for US credit cards. He can't get an ...
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60 views

Difference between sort code & account number, and long number, expiry date & cvv

It seems to me that there are two ways of using a credit/debit card for payment Using a combination of the sort code and account number Using a combination of the long (usually 16 digit) number, ...
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2answers
82 views

can you see the name of the person who purchased with the credit card online?

if you order something online via PayPal, can the person see the name of the person who purchased it on their credit card?
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2answers
95 views

High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation?

I presently have: Credit Card, £2250 balance, interest rate of 17.43% Credit Card, £1500 balance, interest rate of 39.9% (3.5% min payment) Credit Card, £2400, interest rate of 34% Overdraft of £...
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3answers
100 views

Credit score in UK for foreigners

I've been living in the UK for 5 years and I've been working in here for 3 years. Although my credit score is in good condition now as I set some regular debit card payments; according to experian, I ...
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1answer
72 views

Holding Multiple Credit Cards. Does the credit limits add up and work together? [duplicate]

So lets say I have the following credit cards with the following limits: $1,500 $8,500 $9,000 If they all sat at 0 usage, and I was to charge one of them at say $3000 and let that sit on 0% APR ...
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7answers
13k views

Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit?

I am planning to make a big purchase. I have the money in savings to cover it, but I don't want to drop $2500 all at once if I can avoid it. I have a credit card with a $9000 limit, but I know that ...
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2answers
156 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
118 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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192 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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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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2answers
95 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 ...