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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258 views

Have plenty of cash flow but bad credit

I had financial issues back in 06-08 (when the nation in general also did). I had debt I couldn't pay, and I had to sell our house short. I since then have not purchased anything I couldn't pay cash ...
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1answer
73 views

Is credit score affected if an account is closed from whom I am an authorized user?

A couple of years ago, my father added me as an authorized user on a store credit card, to help me create credit history. Since then, it has been appearing on my credit report, and it is right now the ...
3
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2answers
866 views

Can I pay off my credit card balance to free up available credit?

Is it possible to pay off my balance more than once in a payment period in order to increase the amount I can spend in a payment period? I just got a credit card to start rebuilding my credit. I have ...
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1answer
85 views

Why issuing credit cards is profitable for banks? [duplicate]

I don't have much knowledge about financial markets but I was wondering how banks offering credit cards make profit? One possible way is interests on late payments but let's say if most of the people ...
3
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1answer
92 views

Is there a credit card that won't get incorrectly tagged for fraud with international travel

I travel quite a bit. I had a Chase card. About once a month they'd mark it for fraud because of my travel. Not once was it actually fraud. All charges were legit. On top of that I have flawless ...
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3answers
466 views

Cancelling a credit card when credit card company won't let you cancel? Who to complain to?

So I have what I think is an interesting and funny Catch-22 that might give someone a chuckle. And perhaps someone can help me! I just got a American Airlines Advantage Citibank Platinum Select ...
6
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1answer
714 views

How quickly will the funds be available when depositing credit card checks?

I have credit card checks, and every time I go to cash or deposit one I get the strangest looks, like "What is this?", and the worst part is they don't have a clue on the turnaround time. My question ...
4
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2answers
226 views

Is there any downside to opening credit card accounts and then leaving them inactive?

I currently have a single credit card. I don't really use it at all, maybe $50-500/month on it which I pay off. In checking my credit score, which is already near 800, I got a pretty good ding for ...
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1answer
218 views

Mastercard purchase protection benefits for stolen items

I have a Visa signature card that covers any purchase within 90 days of purchasing date from theft or damage, the cost of the item will be refunded. Apparently Mastercard offers a similar benefit but ...
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0answers
28 views

What does the “upgrade” from a credit limit to a “credit access line” really mean? [duplicate]

I've just received a letter from Chase saying that my card has been upgraded to no longer have a credit limit, but a "credit access line" (which they can continue to "refer to credit access line [sic] ...
0
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1answer
66 views

Why Demat/Stock Market Brokers don't support Credit Card Payin

Why does Demat Account (Stock Brokers) don't support Pay-in to our Demat account directly from the Credit Cards? I am living in India, and so far I haven't come across any company which supports this....
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2answers
166 views

Is it better to pay credit card bills through the online bill pay service offered by my bank or from my credit card's website?

I have a Radius Bank checking account with a bill pay service and a Capital One credit card. I can pay my credit card bill from either website. Is there any advantage to using Radius's over Capital ...
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1answer
387 views

My “credit limit” is now a “credit access line”. Does it matter?

My credit card just got "upgraded". Tucked in among all the notes about new benefits I've got access to is this line: Please note: Your credit line/credit limit will now be referred to as a ...
5
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4answers
209 views

What should I be looking for when applying for a credit card?

I am looking to open up a new credit card. Throughout college, I had a credit card from a store, but since I don't really shop at the store anymore, I am not really getting value out of the card (...
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3answers
890 views

Downside to temporarily lowering interest rates?

American Express sent me a promotional offer to lower the interest rate on my credit card for 12 months. I don't carry a balance on any credit cards. I can't think of a good reason to accept this ...
3
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3answers
325 views

Maximum transaction amount on debit card (USA)

Usually when a credit (yes credit and not debit - I didn't mistype) card has too little available credit, some of the card balance needs to be paid off. The available credit is increased by the amount ...
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2answers
191 views

Should I consolidate loans and cards, or just cards, leaving multiple loans?

I will start off by saying that I suck with credit cards. I just can't manage them, and if I have access to them, I end up impulse spending money. I should not need to; I earn great money, but I seem ...
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2answers
78 views

How do booking agencies avoid credit card fees [closed]

I am curios about the following situation. Let’s say I have a website where people can book flights. They pay us with their credit card, and we are buying a flight ticket for them a few days later. ...
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1answer
106 views

Credit Disputes Refund & Credit Fraud Refund

I had over $200 stolen from my account and I reported it to a bank management. After a week I got that $200 money back to my account which shows as Credit Disputes Refund. Then I got over $1500 to ...
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2answers
175 views

How to get rid of bad credit cards without impacting credit report

I have two bad credit cards, one at 11.8% + Prime (working out to about 18%+) and another recently raised to 30% (card issuer swears they did this on every cardholder, and that I'm a member in good ...
18
votes
5answers
4k views

Would it be advantageous for me to pay off these two credit cards and cancel them with a 401k loan?

I'm considering taking a loan on my 401k in order to pay off and close 2 credit cards. I have approximately 30 years until I consider retiring. The amount of the loan will be $1700 which is less ...
0
votes
1answer
74 views

Credit card for low CIBIL Score? [closed]

I have CIBIL score of 628. I want to improve it using credit card. I applied in one bank but they declined it. Is any bank provide credit card for this score in India?
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0answers
62 views

Optimal Credit Card Utilization? [duplicate]

I was wondering what percentage of credit card utilization is optimal to improve credit? Currently I have a "good" credit rating, but there is always room to improve.
3
votes
1answer
123 views

Why do retailers in Peru have different POS terminals for Mastercard and Visa?

A recent visit to Lima showed me that virtually all retailers who accepted both cards had to use two different terminals instead of a unified one. Is there a specific infrastructure, culture or market ...
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2answers
231 views

should I get a dental implant before the end of the year?

Here is my situation: I paid a lot in out of pocket medical/dental costs this year (more than $5K) I still need about $2K in dental work. I do not have the cash on hand to do it. But, if I get it ...
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1answer
83 views

How Secure credit card Increase Cibil Score?

I have Low Cibil Score(628). Take Example, I buy secure credit card say for Rs.25000, and i get Credit Limit as Rs.20,000.I do use Secure credit card 50% every month.And i pay EMIs correctly. Than ...
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votes
4answers
405 views

Is it possible to get a credit card with a $0 limit?

There seems to be an increasing trend of "free" online services to require a credit card while signing up, but then start charging you after an initial period, e.g. LinkedIn Premium is free for the ...
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1answer
128 views

Paying credit card debt with student loans

First of all let me say that my financial future is looking pretty scary as of right now. I just started graduate school in August and I came in with about 63k in debt from undergrad. Fortunately my ...
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votes
2answers
179 views

Which bank is my Discover card through?

I have used Visa exclusively for 15, now I have my first Discover card. A notable difference is that Visa always carries the name of the bank (for me it was Chase); but the Discover card does not. ...
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1answer
118 views

My payment has been voided by the merchants but money wont show up on my credit card

I ordered something from the internet and payed thru credit card. But my order has been canceled and they promised to refund me the payment I made. They say the have only authorized the payment but ...
4
votes
3answers
806 views

Does credit card declined negatively impact your credit score?

I have been told that trying to make a payment with a credit card that declines due to no funds, negatively impact credit score. Is this true? Edit: This was for a payment online. Note that I don't ...
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1answer
320 views

How do we decide where to pay back debts when someone dies without a will and has both Credit Card Debt and Debts to Family Members?

I have an aunt that died without a will and with a large amount of credit card debt. She lived in Illinois before her death. Before she passed away, I physically took care of her and paid a large ...
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4answers
382 views

Transfer from credit to debit [closed]

How can someone send money from their Credit card to my Debit?
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1answer
2k views

Buying something online in canadian dollars with us dollars

I want to buy something online that only accepts canadian dollars and also paypal(but I want to try not to have to use that). It shows the credit card that I have but the price is listed in canadian ...
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4answers
945 views

What are some examples of unsecured loans

I am writing an essay on unsecured loans and am now trying to find some examples, so that I may then talk about the pros and cons for each example. I have already mentioned credit cards and an ...
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1answer
140 views

Should I get another credit card?

A few months, ago, I got a $250 secured credit card - for the sole sake of building up credit. On my credit records, I have 3 inquires, everything else is pretty much perfect (I carry a balance of ...
4
votes
2answers
217 views

Can credit card company charge interest even if all the bills are paid in full by due date?

I recently started using a credit card. I get the credit card statement by 22nd of every month, and the payment is due by the 1st of next month. The full amount is automatically debited from my ...
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1answer
304 views

Do pending transactions count towards credit utilization?

Usually when I use my US credit card for transactions, they are posted as pending. At this time the balance does not reflect this transaction, but available credit is reduced. I have set a target for ...
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2answers
162 views

Selling recently acquired personal items in order to pay down debt?

I was checking my credit cards statements the other day (I have 4), which they amount to ~$2000 USD, plus a car credit. Recently, my car credit bill went up due to my bank automatically renewing my ...
3
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1answer
233 views

Is home address required for online payments

I have a question about online payment and I would appreciate it if one could answer. For online payments with debitcard in the UK, at the time of payment, I have always been asked to enter the home ...
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2answers
74 views

Card to card transactions

I have seen that some companies can send you money to your credit card. What type of transaction is it? I guess it is not wire transfer. And can this be achieved from your local bank? ( I live in ...
2
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1answer
60 views

Do zero percent APR offers help build positive credit?

I recently bought product "X". This was something I had saved for and I was prepared to pay the full amount. However, the store had an offer of a 12 month payment plan with 0% interest. I'm in my ...
3
votes
1answer
162 views

Using cash back rewards from business credit card

Are there any tax constraint I should be aware of when using cash back rewards from a business credit card (a C-Corporation with just 1 person, me)? Would taxes go through directly to me for using the ...
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0answers
41 views

Home Office Rent Expense Payment via C-Corp

I am a 1 person incorporated C-Corp software development company. (Although, I currently usually do not use the C-corp for most checks and contracts which just go straight to me as an individual.) ...
3
votes
2answers
327 views

What happens if my credit card balance decreases after the monthly statement published?

I received a credit card statement covering the September 20 to October 19 period. Now, it just so happens that I received a very large refund on October 20. The statement balance is due on November ...
4
votes
3answers
166 views

Getting my first credit card - do UK companies have a fixed charge for owning a credit card?

I am looking to take out my first credit card to assist in the improvement of my credit score. I have been hunting around card offers online, and have found some I am willing to give a try. The top ...
3
votes
1answer
77 views

Find out if I have recurring charges to my accounts?

I do online payments for various services, and I'm wondering if over the years I've accumulated some recurring (perhaps annual) charges that I've forgotten about, for services I no longer use. Is ...
2
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3answers
467 views

Why do car rental companies prefer/require credit over debit cards?

Renting a car frequently requires a credit card. At best, renting a car is more of a hassle with a debit card. Sure, I'm using their stuff, but putting a £1000 hold on my Visa Debit should work just ...
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0answers
152 views

How does a debt consolidation loan affect my credit score?

I am in a stinky situation where I accumulated lots of debt by paying my tuition fees on my credit cards and now they are just killing me with interests. Being on a visa, I was not eligible for a ...
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2answers
100 views

Credit Card Points from Refund

I had an interesting experience recently while apartment shopping. I found one I liked, and put in an application and paid a $150 security deposit, which I charged to my credit card. I then decided ...