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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118 views

When getting a business loan, does it look better to owe the IRS or the credit card companies?

I am looking to take out a $40,000 loan to buy out my mother's existing business, that is doing quite well. I explained to the loan officer, in a phone conversation, (I have not yet sent in my ...
3
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2answers
112 views

Explain this balance transfer offer

We have 3 credit cards which, up until this past summer, were always paid off in full. This past summer there was a perfect storm of events (car trouble + family emergency) and we are slowly paying ...
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1answer
179 views

Why credit cards are sold through banks and not from Visa or MasterCard directly [closed]

What is the reason that credit cards are (usually) sold only through banks? Or are they always sold only through banks? In any case, why cannot a company like Visa or MasterCard directly sell credit ...
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3answers
353 views

Are there cons to paying monthly bills with a rewards card and then paying it off monthly?

I have a rewards card I really like and we have about $5k in bills monthly. Almost all of them I could setup to pay out of this card. That would earn about $600+ in rewards annually, which would ...
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4answers
271 views

Are 'no interest if paid in in x months' credit cards worth it?

So my current laptop is dying the slow death, specifically the charging circuit in the motherboard is failing; the battery charges in another laptop of the same model. I've considered just running it ...
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1answer
119 views

Credit Card vs Personal line of Credit

I have a question regarding the effect of opening a Personal line of Credit. I know for a fact that opening a new Credit card reduced the "Average age of credit history". Will a personal line of ...
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4answers
204 views

Why hasn't public key encryption or one time password been introduced to battle online card fraud?

With all the identity theft and card fraud in the world. Even though some One time password measures have been put in place in the banking system where the cardholder verifies the transaction with a ...
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1answer
95 views

Mailed in One-time Payment by Check

I make payments to my monthly credit card account via pay by phone. Two months ago my boyfriend made a one time payment on my credit card account (payment was mailed via check). I resumed by pay by ...
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3answers
236 views

Does a balance transfer from a credit card affect our credit score?

If we do balance transfers from our credit card, pay more than the minimum payment within the due date and payoff the entire amount slowly within the specified time-frame, does it improve our credit ...
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2answers
234 views

Can I estimate other people's credit limit at the grocery store?

I regularly shop at Ralph's grocery store and pay with CC. I noticed that they don't ask you to sign a receipt if your purchase is less than some amount. Now after some time I noticed that this ...
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4answers
390 views

Automatically splitting payments between people

My girlfriend and I have decided that we want to split expenses 50/50 (or whatever ratio). Currently, we alternate payment, but that means that we have to remember who paid last time, how much, etc. ...
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1answer
1k views

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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3answers
1k views

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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2answers
2k views

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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2answers
280 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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2answers
358 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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3answers
855 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
235 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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1answer
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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2answers
2k views

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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2answers
263 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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1answer
1k views

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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3answers
162 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
131 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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4answers
269 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
1k views

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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3answers
11k views

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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3answers
330 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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3answers
736 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
777 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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1answer
95 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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5answers
4k views

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 ...
9
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2answers
551 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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2answers
870 views

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
4k views

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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2answers
529 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 ...
3
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3answers
228 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, ...
3
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2answers
224 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 ...
9
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5answers
399 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 ...
3
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1answer
1k views

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
83 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?
7
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1answer
2k views

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 ...
7
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1answer
119 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 ...
2
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4answers
2k views

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 ...
4
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2answers
228 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 ...