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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3answers
3k views

Why don't some places require a credit card receipt signature, and some do?

I'm thinking of certain places (Subway, McDonalds, etc.) that do not require a signature on a receipt after swiping your card. Why do these places not require a signature on the receipt, while others ...
3
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2answers
3k views

What happens if I receive a refund on a credit card with $0 balance?

Let's say I make a purchase on a credit card. Months pass, and the card is eventually paid off. For whatever reason, I am then issued a refund on one of my past purchases. What happens? Do they send ...
2
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2answers
56 views

Closing intermediary credit lines

So one consequence of closing a credit line is that it can adversely affect your credit history if it is your oldest credit line. But what about closing credit cards you acquired along the way that ...
5
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2answers
551 views

If a company in China says it accepts Visa, does it accept all Visas?

I am doing some finance research for payment methods in China, there is some confusion as to whether only certain types of Visa Credit Cards are accepted at businesses versus all Visas... Is this the ...
0
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1answer
48 views

Credit Cards Similar to Co-ops

I keep getting advertisements from BarclayCards Ring and finally clicked on it because it seemed like a different type of credit. It appears to be a credit card that the rewards are based on the ...
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0answers
112 views

How do I reconcile a pre-payment on a credit card in Quickbooks?

I have two payments to credit card for the same period. One is tied to last month's reconciliation but the other one is just a prepayment because I wanted to charge the account over my limit, so I ...
3
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1answer
71 views

HMV gift vouchers bought on a credit card. Can I claim them back from my cc company?

I gave someone some HMV vouchers for Christmas and now HMV isn't accepting vouchers. Could I claim the value of these back from my credit card company under the terms of the consumer credit act?
7
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2answers
375 views

How is your credit score related to credit utilization?

A few questions: Is it better to use your card and pay off the bill completely every month? [I prefer building the credit score over paying interest] How is credit utiltization calculated? Is it ...
4
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4answers
3k views

Pay off credit cards in one lump sum, or spread over a few months?

I am doing a refi + cash out on a rental home. The cash out is to pay off ~24K in credit cards. I am aware of secured debt/unsecured debt and how it is often not a good idea to refinance a home to pay ...
0
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1answer
317 views

What information is sent to merchant with online/POS credit card and “no name” gift card purchases?

With credit card and online: your full name, full billing address and maybe some numbers from the card? Is there a difference in this regard between a "normal" merchant account or Paypal's credit card ...
4
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2answers
649 views

How do the personal finances of additional cardholders affect your reputation?

I have excellent credit myself, but I have on my account an additional cardholder (family) whose credit isn't so spectacular. (They only use the card for emergencies and always deposit cash in my ...
4
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1answer
215 views

Can I dispute Visa charges beyond 60 days?

I recently noticed some charges on my Visa check card that were made in another state and were not authorized by me. I filled out and sent in my bank's Visa dispute form, but they told me that it ...
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3answers
436 views

How credit card companies tolerate if you preload your card and use it like a prepaid card? (EU, world)

Can you still get the benefits that a credit card usually gives you (miles, points, etc., the ability of hiring a car, booking a hotel - do you require a CC to book a hotel or only to hire a car?) but ...
0
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2answers
216 views

What amount of money do car hire companies lock on your credit card account when hiring a car?

Couldn't find any definitive info. For different categories of vehicles and in various parts of the world? Edit: I'm looking for the answer in exact US dollars. Or euros. Or pounds. Or whatever ...
2
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0answers
35 views

Nonresident Travel Money (Card or Bank Account) Solution with Emergency Cash Feature in Euros?

I'm from the new EU so my country's banks are not that advanced that they can offer me this feature. So this will be a nonresident account for travel money. The solution I am looking for is like ...
1
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3answers
95 views

Credit Card Approval

Is there a formula banks and other creditors use for new credit card approval? Other than credit score of course. For example for a business credit card I imagine it would be something considering ...
2
votes
1answer
420 views

How To Transfer Money Online So The Other Person In Another Country Receives It In Cash?

We all are familiar with famous international money transfer service - Western Union. Most use their locally available branches in their country to send money so the other person receives money in ...
2
votes
2answers
497 views

Find the exact time of a credit card purchase with Chase

I need to find the exact time when a credit card purchase was made. This is not the "Transaction date" or the "Post date", I need the authorization time. I know this data is available because I have ...
3
votes
2answers
421 views

Want to buy expensive product online. Credit line on credit cards not big enough. How do “Preferred Account” programs work?

What are the different ways I can do it? Take cash from bank to store, pay state sales tax Debit card from bank that says Visa on it Find another way to finance it Because none of my credit cards ...
3
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2answers
2k views

Can I negotiate to have a credit card interest fee waived?

I recently missed a credit card payment by one day (my first one ever in my history of credit starting from over 10 years ago), and I called the credit card company to have the late fee waived. I ...
4
votes
1answer
2k views

Can I get an Amazon Rewards Visa just for the gift card and then close the account?

I have never owned a credit card and am largely undecided about them in general. They have their pros and cons which could be easily found with a simple Google search; my question is more about the ...
8
votes
3answers
1k views

I am closing one credit card and getting a new one. What order should I do this in?

I currently have a MasterCard from a bank that I am unhappy with. I want to get another MasterCard from a different issuer. Should I close my current account then open the new account? The other way ...
2
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1answer
238 views

Does maintaining a low (versus zero) balance on a credit card improve your credit score? [duplicate]

Possible Duplicate: How will going from 75% Credit Utilization to 0% Credit Utilization affect my credit score? I've read in a few places some statistics to indicate that people with zero ...
6
votes
1answer
297 views

What is the advantage to me in not paying off my debts?

I have some credit card debt that is currently on cards where there is 0% interest for periods of between 14-22 months. There was a transfer fee of around 2.9-3.5% for the balance from old cards. I ...
7
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6answers
1k views

Is there any drawback to paying credit card bills immediately rather than waiting until payment is due?

I guess it's more of a psychological thing for me, but once I get my credit card statement I'd rather pay it immediately than wait around for the final due date. Is there any drawback to doing so. I ...
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2answers
2k views

U.S. VISA gift cards and usage in Europe; technical and/or legislative insight?

Can you use any U.S. gift card anywhere in the world to pay at a counter with a VISA logo? I read on some web sites that U.S. gift cards don't work in Europe, but no reason was given, others were ...
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2answers
145 views

How can I find the cheapest prepaid credit card?

What is the cheapest prepaid credit card available for sale? The card needs to be a Visa, Mastercard, or Discover. And it needs to have a minimum nominal balance of 1 USD. I just need the number and ...
5
votes
2answers
212 views

Should I close unused credit cards before applying for another?

My wife and I currently have a few credit cards that we don't use, but there's another that we'd like to get, but I'm not sure if I should close those first and wait a month or so before applying for ...
11
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3answers
2k views

How can banks afford to offer credit card rewards?

I understand Visa and MasterCard make money on transaction fees, but how much (if any) of those fees do banks see? Do banks make money on people who pay their bills on time, or are reward programs ...
4
votes
2answers
130 views

Is it good to get 2 credit cards for different bonus?

I currently have a pretty plain credit card, the First Tech Platinum, but I was thinking that I don't really get much out of it, so I started to looked into other cards with better rewards, and cancel ...
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1answer
3k views

How can I switch my credit card to another issued by the same bank, keep my credit history, and get the sign-up bonus for the new card?

I have one card, but would rather have another - they're issued by the same bank. I don't want both of them because they both have annual fees and I want to keep only one card with an annual fee. ...
8
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5answers
327 views

What's the difference when asked for “debit or credit” by a store when using credit and debit cards?

When purchasing something in a store with a credit card or a debit card, the cashier may ask "credit or debit"? I was wondering what the point is using a credit card in a "debit" way? How is it ...
4
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2answers
3k views

Getting cash by using credit cards

What are some ways to borrow cash from a credit card? Are cash back and cash advance different functionalities? Is cash back the one when sellers asks customers/cardholders on checkout for purchases? ...
3
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3answers
1k views

Will getting a second credit card help my credit rating?

I've heard that getting a second credit card can help your credit rating. I am wondering if this is indeed true. If so, why is the case? Much thanks in advance!
6
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2answers
182 views

Help understanding credit card interest

I have a credit card with an outstanding balance and I am trying to work out when I will complete paying it off. It is a UK credit card (where I am based) and I do not spend on it. I pay 150 per ...
5
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2answers
219 views

Canceling a credit card with recurring/automatic payments

I am canceling a credit card because I am extremely unhappy with the bank. I have several recurring pledges and donations linked to this card. Do I need to contact each organization individually and ...
2
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2answers
127 views

How frequently should I request additional credit?

Assuming I simply want additional credit to improve my credit utilization ratio, how frequently (how long between requests) should I request the credit increases? What negative consequences should I ...
1
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1answer
88 views

To what extent should I seek additional credit? How much is enough?

I currently have 2 credit cards, each with a $2500 limit. I rarely exceed 20% utilization over the course of the month, and I don't expect any increase in expenses over the course of the next year ...
4
votes
2answers
363 views

Are there any advantages to a credit limit increase as opposed to a new card?

A credit card I currently use offered me a credit limit increase. The current limit is $2500; I rarely spend over $500 on that card. Let's say you have a legitimate reason for wanting more credit. ...
6
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3answers
6k views

Will it hurt my credit to accept a credit limit increase?

I got an email from Citi offering me a credit limit increase on my 4 year old card: Subject: Good News About Your Citi Card - Please Open Immediately It's our job to make sure your Citi card is the ...
4
votes
1answer
677 views

Closing a credit card with an annual fee without hurting credit score?

I took a hit on my student loans when I graduated into an economy without work, so my credit score went into the tanker a bit. Since then I've been making all my payments, everywhere, on time. Now my ...
6
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3answers
7k views

Should I close my BestBuy Credit Card? Will it affect my credit score and history?

I was young and stupid and opened up a Best Buy credit card 5 years ago. I bought a new laptop and also a lot more stuff during these 5 years. I have bought over 10,000 dollars worth of stuff and paid ...
3
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2answers
52 views

Site to find out which card to use for specific purchases

I've got a couple of large purchases coming up (thousands of dollars). I plan to use credit card for that - I have the money for it, but various credit cards have 1% to 5% cashback bonuses, and with ...
4
votes
3answers
3k views

How do I avoid paying for an item that I was refunded for on a credit card when the payment due date is coming up?

I purchased an item which the merchant then refunded to my credit card. However, the payment due date is coming up, and my credit card has still not been credited with the refund on my credit card ...
7
votes
2answers
133 views

Credit Consolidation, Credit Settlement

I've done a little research but I would like to have actual feed back from people. I am currently behind on credit card payments and I am not sure exactly what to do. The interest rate is high and I ...
7
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4answers
428 views

What are the advantages of using credit card to pay most of expenses?

If I will pay most of my expenses via credit card, then is it correct to assume the following points? 1) My saving account interest rate will increase by somewhat (interest is calculated upon ...
2
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2answers
643 views

Is there a way to immediately see credit card transactions in a mobile app?

The Simple app immediately shows transactions as they are made. I'd love to have this for my credit card too. I think I can get 80% of what I want with Mint. What other options are there? Are there ...
3
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1answer
74 views

Rewards credit card for large repeating purchases in Australia

I have no revolving credit card debt: I pay it off every month. I also have a significant throughput of charging/paying off, including a large repeating medical cost that will be at least $3000 every ...
5
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2answers
85 views

How to decide which credit card to apply for?

I am researching for a travel credit card. I don't fly frequently, but I spend around $2000-3000 at max/year (domestic and international) in air fare. Should I go for a travel card, do I even need ...
4
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2answers
9k views

Why is there a delay on credit card transactions showing up on my online statement?

If I make a purchase with my credit card there is a delay of a few days before it shows up on my online statement. If I make a purchase with my debit card it usually is displayed that day. Why the ...