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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Combine credit card cash back with other cash back offer

At this website you can buy gift cards and get cash back. Now I have a credit card that gives 1% cash back. If I use it to purchase a gift card here, will i get 1% back from credit card and on top ...
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138 views

Open and close credit card to save on annual fee

There are many credit cards that waive the fee for the first year. Is it illegal to open up a credit card account, hold it for a year, then cancel it and then turn around again and re open it and ...
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2answers
158 views

Can I earn Frequent Flier miles on a flight using FF miles and effectively get them back?

Let us say I have accumulated 50,000 air miles and use it on a flight on Alaska Air from Vancouver to Anchorage. Now , is it correct that just by taking the flight itself, I will earn back 'all' ...
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1answer
53 views

What is meant by an eligible purchase on a cash back card

I am trying to decide on a credit card for travel purposes and i came to MBNA At this link, the word 'eligible purchases' keep cropping up, so I was wondering where I can find a list of eligible ...
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1answer
317 views

Balance transfer from Wells Fargo to Chase

I have had a Wells Fargo Credit Card for about 3 years with a limit of $3100 and a chase bank credit card since January with a limit of $3000. Wells Fargo is charging me close to 13% and chase has its ...
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1answer
2k views

Are Chase credit cards commonly accepted for purchases?

While trying to buy stuff online with a credit card, the options available are usually restricted to Visa, MasterCard and AMEX. I am thinking of getting a credit card from Chase, but where could I ...
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135 views

How do foreign transaction fees show up on credit card statements?

How do foreign transaction fees show up on credit card statements? Are they usually itemized out? Is the purchase price on your statement just 3% higher if you have a 3% foreign transaction fee? Is ...
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1answer
75 views

Is the BA Avios Visa airlines rewards card worth it?

I fly between the US and UK about twice a year - though so far I've only racked up about 16,500 Avios points with British Airways. I'm due to fly back again for Christmas and New Year. If I were to ...
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1answer
186 views

Do Visa and MasterCard process exchange differently?

My friend, who is willing to visit Indonesia, went to a Russian bank to get a debit card. The manager advised him to go with MasterCard rather than Visa, because "Visa would first convert rubles to ...
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1answer
54 views

Consolidate or pay off

I have two large credit cards at 12.95%. I can get a loan for the balance at 13.95%. Am I better to consolidate the debt of both cards or just pay off the cards as is.
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1answer
129 views

What effect does a high credit line have on a mortgage?

I have received a letter from my credit card company increasing my credit line and when I spoke about this with a co-worker, they told me that I should request that the company does not increase my ...
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4answers
667 views

Should I pay half a large balance this month before I get my CC statement?

I have a CC with $6k limit. I normally spend between $0 and $1k on it and pay the balance in full every month. This month I have $4k on it. If I wait until I get a statement to pay it off, will the ...
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1answer
133 views

What mix of credit lines and loans is optimal for my credit score?

Mint.com just told me my credit score. It says in the advice section: Try to have a good mix of credit lines open. Creditors like to see that you have both loans and credit cards. If you're low ...
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3answers
254 views

What is too much credit utilization on credit card?

Is credit utilization looked by card or total credit? Say I have three credit cards with the following utilizations: Card A Limit: $30000 Balance: $25000 Utilization: 83% Card B Limit: $20000 ...
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2answers
119 views

Will not using a credit card affect my credit score?

I'm keep receiving the messages such as: We notice you aren't using your X Card. Call X for a PIN, ... Or X for a new card. So the question is, how Credit Card inactivity impacts my credit ...
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1answer
101 views

Does your total credit limit or debt affect how much new credit you will receive?

Say a friend of mine owns 10 credit cards with a total credit limit of $100,000 with total CC debt of $10,000. Does the total credit limit affect how much new credit will be approved? Does CC debt ...
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4answers
1k views

CC account in good standing; Can I request a higher cash back rate?

I've been a good customer with Discover for a number of years. Over that period, they've increased my limit and I've always paid on time, in full. Is it unreasonable to request a higher cash back rate ...
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3answers
16k views

My credit card company is asking for my current income citing “Federal Regulations”

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your ...
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2answers
232 views

How can a school club collect money using credit cards?

tl;dr- How can we legally accept credit cards (to our club bank account) without being able to become a legal entity? I'm an officer an officially-recognized student-run club at my university. I'd ...
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0answers
70 views

Credit Cards and Home Loans

I am based on Sydney Australia. Looking to buy a house here. Customer of one of big 4 banks. Long story short, 6 Months back Talked to my bank about buying a house and discussed about my borrowing ...
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2answers
1k views

Why was my Credit Limit Increase Denied?

I applied for a credit line increase from Capital One a few weeks ago. A few days ago I got a letter indicated that the increase request was rejected. The two reasons stated were: Primary ...
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2answers
114 views

Additional credit card with different limit on same account?

Does anyone know of a way to get another credit card for an authorized user but with a much lower credit limit? I'd like to use my existing credit card account but I don't really see a way to do ...
4
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2answers
123 views

Is a chargeback appropriate when a company cancels and then later un-cancels a service?

So here's the situation: I reserved two spaces on a bus tour Three days before the tour departs I am emailed to notify me the trip has been cancelled. I am given the option to either rebook a day ...
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3answers
344 views

Paying off Overdraft first or Credit Card

I have accumulated 18 000 in debt between my Credit Card (-8000, interest=16%) and Cheque Account Over Draft (-10 000, interest=15%). I make 10 000 per month, and I have around 3000 after all my needs ...
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2answers
87 views

Credit Cards drawn as Cash Advance to the max and moved abroad altogether [duplicate]

I came to know through one of my friends that one of his colleagues, who lived and worked in US for 6+ years completely relocated to his home country (and no plans to return) and settling there. He ...
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1answer
371 views

Capital One Free Credit Report - Effect on Credit Score

I have a Capital One credit card. As part of their online services, they offer free credit score requests. I recently began using that service, up to twice or thrice per month. Capital One ...
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2answers
91 views

How does a tax exemption for an action = penalty for inaction?

This business of framing an event as a gain or loss has applications beyond settlement negotiations, of course. And sometimes the framing is simply a matter of words—the “cash discount” that is ...
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8answers
8k views

Why are credit cards preferred in the US?

Where I'm from, credit cards are common, but they're not considered the main daily use-case, as opposed to debit cards. What are practical reasons credit cards are preferred over debit cards in the ...
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0answers
81 views

Is there a downside to applying for several credit cards for rewards?

Qantas offers several bonuses (mostly frequent flyer points) for applying for some credit card programs and spending X amount within Y months with that card. Most of these cards have annual fees. I ...
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3answers
5k views

Is it bad to have multiple credit cards?

I have 4 credit cards that I use occasionally but pay off the balance every month for the most part. Recently I've been suckered into getting store credit cards (Macy's, Kohl's, etc) because they ...
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1answer
75 views

What are the cons of cancelling a high fee credit card?

Are there any factors one needs to be aware of before cancelling a credit card? Reason for cancellation is high annual fee, but will cancelling it hurt the credit score or have other side effects?
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5answers
273 views

How can I take advantage of credit card cash back programs?

I have a credit card that offers cash back (1%) on every purchase. Now there are some stores in Canada that have their own cash back (a.k.a...if you buy something for 5$ and charge 100$ to the card, ...
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2answers
142 views

What kind of Business is Facebook? is it B2B or B2C or Both? [closed]

I want to know What kind of Business is Facebook? is it B2B or B2C or Both? As facebook is getting money from advertisers for showing their ads on facebook and users freely use facebook and sometimes ...
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2answers
243 views

Is there any way to pay online in a country with no international banking system

I live in Ethiopia and based on the National Bank of Ethiopia, it is illegal to get any money out of Ethiopia with out a special permission of the bank, and I personally want to make some online ...
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4answers
954 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 ...
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3answers
2k 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 ...
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5answers
9k 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 ...
8
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4answers
535 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
194 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
143 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 ...
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2answers
76 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
763 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
396 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
54 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?
3
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1answer
105 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 ...
8
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5answers
845 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 ...
12
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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 ...
12
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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
74 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 ...
3
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2answers
237 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 ...