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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How is “Balance Subject To Interest Rate” calculated?

I was approved for a balance transfer of $2,500 to a card, and that month my statement looked like this: INTEREST CHARGES (APR 2013) ...
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Opening American credit cards while residing in the UK

In order to introduce the context of the question, I am a UK citizen with a good credit rating and no debts who currently resides in the UK, and do not currently own property in the US. In reference ...
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Why I can't view my debit card pre-authorized amounts?

I have a Mastercard debit card. When I pay an amount of money, I can see (with more or less delay) how much I've paid, when, in favor of who, etc. Now the question is: why I can't see the ...
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276 views

What's the benefit of a credit card with an annual fee, vs. a no-fee card?

My credit cards don't have an annual fee. I get mailers from American Express all the time and I see that card has an annual fee. I know a few friends and see a lot of people subscribed to such cards ...
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349 views

Can I use 0% Intro APR for getting a car loan?

When I'm applying for a chase credit card it has 0% Intro APR for 15 months. This is my first time for applying a credit card. And I just started a few months ago started working so I have a proof of ...
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784 views

How to pay bills for one month while waiting for new job?

I recently, and unexpectedly, lost my job. Because I had summers off (no paychecks either), I've been using my credit cards for most purchases, saving what cash I had saved from the previous year to ...
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1answer
215 views

Chase auto-pay enrolled but don't remember doing so

I generally make it a rule to never allow automated payments. This month I happened to notice that my Chase Freedom CC statement showed that I was enrolled in their auto payment program. I called ...
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1k views

What does the term alias mean in the context of payment cards?

What does the term alias mean in the context of payment cards? I understand it's somehow linked to a card number but what is its purpose?
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What foreign exchange rate is used for foreign credit card and bank transactions?

I am an Indian. I would like to know about how foreign transactions work. I have paid my GRE $185 fees through my SBI credit card. I was charged something around 11k rupees. How is the dollar rate ...
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255 views

Is the age of my parents' credit card helping my credit more than the balance is hurting it?

I am listed on one of my parents' credit cards with an account age of 37 years. I am 28. This makes my credit history very very old — 37 years old — and significantly older than my oldest credit card. ...
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Should I activate my new credit card if my name is misspelled on it?

I recently got a credit card and the name on my credit card is misspelled. I've already called the company and they said I'll get a new one in 2 weeks. Should I activate my card with misspelled name ...
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157 views

How did a fradulent charge get on my credit card?

I stopped by Subway to pick up dinner. I get a text from my bank while the guy is making my sandwich, "Did you just charge $117.38 at a Kroger in Ohio?". I responded to the text "no". By the time my ...
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1answer
100 views

How do I calculate the percentage to add to a credit card invoice?

If I send someone an invoice for $150 and put a credit card surcharge of 2.4% ($3.60) on the invoice, then I end up paying 2.4% of $153.60 which is $3.68. I don't actually get my original $150.00 ...
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1answer
127 views

Can anyone in India get a credit card?

Can any citizen of India can get a credit card? Are there any limitations of the credit limit or anything like that or any salary requirements before one can get a credit card?
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3answers
1k views

Which is a better method for keeping my credit utilization low: spending less or getting a credit limit raise?

I'm currently a graduate student and since I want to build credit, I got my first credit card. However, the credit limit is really low (< $1000). I've been reading that I should always keep my ...
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261 views

What basic information should I know before obtaining a credit card?

I am applying for my first credit card. I see things like gas credit cards, British Airways credit cards, etc. What are the difference between these? Also, what are the basic things one needs to know ...
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1answer
2k views

If my credit card payment is due in 3 days time, will anything I order today have to be paid by then too?

My credit card has a balance of $600 due on the 12th every month (I'm looking to get this date moved to later on in the month, how do I do that?). I'd like to make a $1000 purchase on my card in the ...
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3answers
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Am I still building a credit score if I use my credit card like a debit card?

I have a credit card through my local credit union. I am not sure if this is normal: Essentially, I am using my credit card like a debit card. If I anticipate any major purchases I will put money on ...
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What happens to my credit history if I pay before my credit card bill is generated?

I've read that keeping one's credit card utilization below 20% improves your credit score. If for some reason I have an expense that is greater than 50% of the credit limit and I pay by credit card, ...
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295 views

Do any banks issue one-per-vendor credit card aliases / unique numbers?

It seems that compromised credit card numbers have become a cost of banking--often through no fault of the bank or the consumer. But getting a new credit card number is a real pain in the neck--you ...
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2answers
2k views

A non-US citizen getting a US credit card

I'm a non-US citizen who would like to get a credit card from the US for iTunes Store US purchases. Up until now I've been purchasing iTunes Gift Cards from Apple Store US but now it seems that they ...
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3answers
6k views

U.S. credit/debit card for non-U.S. citizens to use on e-commerce sites to buy digital goods, e.g. ebooks?

I am neither a U.S. citizen nor resident there — I live in southeast Asia. I want to be able to buy Kindle ebooks on Amazon.com, and to shop on other U.S.-based e-commerce websites for digital ...
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687 views

Should I cancel an existing credit card so I can open another that has rewards?

I have four credit cards. One has a cash back rewards, one a discount, and the other two do nothing for me. However, one of those two is my oldest card, so I cannot close that account. I would like ...
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2answers
724 views

What is a reasonable credit limit?

Given my existing credit score and annual income, how do I calculate what a reasonable credit limit for me should be? I'm really looking for an order-of-magnitude estimate. e.g. should it be 40% of ...
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94 views

What are “credit” transactions I see in my credit card bill?

I see some transactions on my credit card bill labeled as "credited". They are different from other regular transactions (sometimes labeled as "debit") in a way that makes their nature seem opposite ...
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Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there?

I want to buy something from a VERY REPUTABLE Asian seller. They've got a lot of good references all over the internet. The only thing is, they are quite old-fashioned and so is their website. They ...
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2answers
534 views

No Late Fee Credit Cards - What is the gotcha?

For weeks now I've been seeing ads for the Citi Simplicity card and Discover IT Card all over (be it on the NYC subways, TV, magazines, etc.) which boast a couple of features but I'm very curious ...
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Does high credit utilization, coupled with paying off my balance in full each month, increase my chances of an automatic credit limit increase?

The conventional wisdom I've heard is that spending close to your limit and paying the balance off in full each month will often lead to the credit card company increasing your credit limit ...
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4answers
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Does a cash advance hurt your credit or (official) reputation in any way?

Does a cash advance hurt your credit or (official) reputation in any way? Does it appear in records at all, and would it be frowned upon if it did? What if the cash advance were taken at a casino? ...
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522 views

Is there any reason to not request a CC limit increase?

I have had the same card for quite some years now, approaching 10. I have requested a few limit increases for the sake of convenience because buying a computer or international airfare tends to be the ...
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216 views

Building Credit with Credit Card

I recently got my first credit card (although I have had a debit card for a long time). It has a $1200 limit. In order to maximize my credit building, which of the following is the best method (or, ...
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218 views

Getting my first Credit Card

What should I look for when getting a credit card? My background: Small IT Business(just me) College Kid Currently just have a Debit Card with a Credit Union. (should I go with a bank?) What I ...
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5answers
392 views

Paying Off Debt: When CC Companies Won't Reduce APR

For the past two years I've been living, for the first time, under the weighty, grey cloud of credit card debt. Foolish use of personal credit cards to fund asset purchases for an LLC have resulted in ...
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1answer
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Is there a U.K. prepaid card having SWIFT, BIC, or IBAN codes, for money transfer?

I'm located in the U.K. Does anyone know if pre-paid cards here, such as Visa prepaid cards, have a SWIFT or BIC or IBAN code, because they are not really a current account? For example, for the ...
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1answer
81 views

How to pay comingled personal and business credit card charges for small corporation

If I used my personal credit card for a business expense, may I pay that portion of the credit card bill with a business account check?
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How quickly does decreasing credit utilization affect your credit score?

There is a lot of advice out there about keeping your credit card utilization above 0% but less than 20%. I'm currently carrying about 85% utilization on my card and have plans to lower it. How long ...
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1answer
118 views

Can I get my payment back on a vacation booked with a company that went into receivership?

My friend booked a summer vacation with a resort/inn located in Ontario that has just gone into receivership. She paid in FULL with a credit card about a month ago. Is there any way to get her ...
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4answers
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Should rebuilding credit include getting multiple credit cards?

In short, I had bad items on my credit report that I found by getting a free copy of the trans-union report on myself. I contacted the numbers to the items on my unpaid/ bad list and after about a ...
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219 views

Is a credit card chargeback appropriate in this case?

Consider the following scenario: I purchase a power tool for several hundred dollars from a dealer, using my credit card.. The item has a 3-year warranty, which gives me some peace of mind. The ...
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3answers
2k views

Why am I never approved for credit cards instantly online?

Whenever I apply for a credit card online, I always get a message along the lines of "we could not instantly approve your application". I end up getting approved eventually so this is just an ...
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1answer
201 views

How to dispute a balance transfer that never posted with other creditor?

Three months ago, I did a credit union credit card balance transfer at 0% to pay down three student PLUS loans. In the payments, the account number and sequence number for the three loans were given. ...
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2answers
2k views

How long after new employment before applying for a new credit card?

I am a recent grad and new employee. I currently only have a $500 student Visa credit card with my current bank branch (2 years). I began my employment at the end of January (just over 2 months ago) ...
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1answer
855 views

Do I have to spend money with my credit card to increase my credit score? [duplicate]

I opened my first credit card a few weeks ago. How much money do I need to spend with my credit card to increase my credit score? Do I even need to spend money with it to increase my credit score?
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do/can credit card companies track individual items purchased and their details?

They track categories How do credit card companies track your purchase categories?, and these are well established, but do they also track the item by UPC or some other convention, the quantity, the ...
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147 views

Will getting a new credit card and closing another affect my credit?

I have a Capital One credit card that I got in college with a limit of $1,300 and a $39 annual fee. They've never raised the limit for me over the years even though my credit score is north of 700. ...
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148 views

Financing Education through Credit Card or Student Loans

I'm currently back in school, full-time, for an MBA (20 month program). I don't need to worry about tuition, but I still need to pay for living expenses out of pocket. Should I rely on student ...
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As a Canadian, how can I apply for and get a U.S. credit card?

I am a Canadian permanent resident (neither Canadian nor U.S. citizen). I already have a checking account at Harris along with a debit MasterCard. However, there are really nice point-accruing cards ...
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2answers
548 views

What is the effective interest rate on a credit card that offers 0% interest with a 4% balance transfer fee?

I'm about to do a balance transfer that has a fee of 4%. It gives me 0% interest for 14 months. Is it just a straight calculation of 4% for the year or is there another calculation that I need to ...
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189 views

How can Mastercard's interest rate be more in Norway than in Finland?

I select Mastercard because it is easy to compare credits cards between the following countries. I am looking the prices of Mastercard in Finland, Estonia and Norway. All banks have the same amount ...
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2answers
1k views

What is the average value of a credit card or debit card transaction?

There are a plethora of statistics regarding credit card usage but what I can't seem to find is the the value of the average credit card (or debit card) transaction. Are such statistics provided by ...