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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5answers
832 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 ...
1
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1answer
66 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
195 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 ...
2
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0answers
148 views

How often do I get an auto credit limit increase? [closed]

This question has always crossed my mind since my credit limit increases have been very sporadic. I have never asked for a credit limit increase but I always end up getting one somehow and I wonder ...
3
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2answers
146 views

Does it make sense to check your credit score before applying for a first credit card?

Should someone that has never had a credit card before check his/her credit score before applying?
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1answer
37 views

Swedish Eurocard Credit Card

What are the currency conversion changes for Eurocard credit card issued in Sweden? The official website http://www.eurocard.se is in Swedish and hard to navigate to locate this information.
4
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2answers
161 views

How does a FICO score start out?

Right now I have 0 credit since I've never had a credit card before, I recently applied for a credit card and got approved so I can start building my credit. I hear that 500-600 is considered very ...
2
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1answer
115 views

How much will 3 hard inquiries effect my credit score?

I recently started to build credit, I applied for a CapitalOne card and got approved, about a month earlier I saw the option for Bill-me-Later on eBay, so I had checked if I was eligible, but I ...
4
votes
1answer
98 views

Gift credit card with no inactivity fee?

I purchased a $25 Visa gift card a few years ago, and was surprised to find this morning that it had 0 balance. On questioning I learned that 1) they don't track activity older than one year and 2) ...
3
votes
3answers
344 views

If I want a Credit Card offered through a different Credit Union should I slowly transition my banking to that CU?

The first bank, and subsequent credit card, I got was while in College. Its a small Credit Union that I only bank with now through Shared Branches. It works for me though and my credit score is ...
2
votes
2answers
251 views

What is better - Easy Monthly Installments (EMI) or upfront single payment?

While buying electronic gadgets I get to pay the seller in two modes. I have never been able to evaluate which one is better. Let's say I buy a phone worth INR 24,000. The seller offers me two ...
3
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2answers
142 views

Old Cancelled Cards

I was living abroad during the credit crisis, and a few of my credit cards were cancelled for non-use during the crunch to tighten credit. As a result, I have one older account and several newer ...
1
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1answer
108 views

Why do I need a credit card to rent a car or hotel room, but not to rent an apartment?

This post adequately explains why one needs a credit card for hotel room reservations, car rentals, and similar. But why do I not need a credit card to rent an apartment? Although I do pay a ...
5
votes
1answer
112 views

What are the limitations of prepaid payment cards (compared to credit cards)?

I am currently unable to get a credit card¹, but I wish to be able to buy goods from web stores, to buy airline tickets, to rent cars, hotel rooms, etc. Through my bank I only have a Member Card, ...
4
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1answer
5k views

What happens if I have to return something that I purchased with a credit card that is now canceled?

I bought a few things on Amazon.com that I need to return. However, the card I used was just canceled because of fraud/unauthorized use of the account (apparently a copy of it was made). What will ...
-3
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2answers
137 views

Can I add different billing person and card holder?

I am going to purchase some goods on an online shop. At the checkout I need the add the details of the billing person as well as the details of my credit card. Is it acceptable that I add the details ...
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3answers
146 views

Credit Card with rewards points

My bank is currently offering me a credit card with reward points. Here are the details on it Earn 20,000 bonus rewards points when you spend $2,000 in net purchases (purchases minus ...
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6answers
471 views

What is the best use of “spare” money?

Here are some cliff notes about me: 30 years old immigrant (came to the US late 2009), so no established credit (got a $900 credit card with my bank finally last year) No spouse, no children. Just ...
2
votes
1answer
231 views

How to use credit card (Barclaycard UK) merely to build the credit history? [duplicate]

My aim is to buy house in three years time So I started searching for the ways I can get mortgage for the house. I found out that I need good credit score to get mortgage along with other things such ...
2
votes
1answer
62 views

Still pay for a cancelled transaction with a credit card?

A credit card in U.S. has a monthly billing cycle. If one makes a transaction with his credit card, and then cancel it and the refund can take some time (e.g. two weeks or more) to complete, does he ...
3
votes
1answer
4k views

$1147.99 lost on Entropay.com

I wanted to buy a laptop from http ://shop. lenovo .com but it turned out they were not accepting my card, so I went on to the website http ://ww w. entropay .com. This website, as it mentions, ...
2
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2answers
162 views

How will my credit score be affected by a large purchase that raises my utilization if I pay it in full?

My Fiance and I realized that we need to start looking for homes and need to be pre-approved for a home loan. My fiance has better credit then I do, but mine is in good standing. We want to make ...
2
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2answers
66 views

Delay in debt appearing on credit card statement

We charged hospital fees totalling $2400 on a St George Bank credit card on 17 and 21 April 2014. The hospital was located in Denpasar Bali. On last checking the amount owed on the card (12/05/2014) ...
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1answer
346 views

Credit score getting lower - but I'm doing everything right?

My credit score has dropped considerably in the past year from ~700 - ~600. This is my first credit card so far, and have only used mainly debit in the past. Thing is, I'm not sure why it's ...
4
votes
2answers
213 views

Can I pay a bill on a credit card (without cash advance)

I just received an invoice for more cash than I have on hand. I have enough available credit to pay the invoice, however the company that invoiced me does not accept credit cards. Is there any way ...
0
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1answer
122 views

How can I know the minimum due credit card payment and date for an ANZ Visa card?

I have a Visa credit card from the ANZ bank in Australia. I'm currently overseas so cannot visit a branch and would like to avoid international phonecalls so I'm using only Internet banking and email. ...
6
votes
5answers
2k views

Should I collect receipts after paying with a card?

I heard from some folks that it's wise to collect a receipt after you pay with a card. The reason they propose is that the merchant can theoretically charge your card again after you leave, and a ...
4
votes
2answers
245 views

Any problem if I continuously spend my credit card more than normal people?

I continuously use my credit card for my friends' expenses. Normally I could spend 20~30K USD each month to get more points/cash back. I don't have large credit limits so in most time I'll put cash ...
3
votes
2answers
289 views

Delayed foreign credit card transaction refund created “profit” due to better exchange rate - who keeps the profit?

So, I bought some airfare from a foreign airline, and their payment systems were stupidly slow and outdated (esp. when it comes to refunds!), so slow I actually made money due to the USD appreciating. ...
3
votes
1answer
175 views

Do I build credit at the same rate when my wife and I share a card?

I searched for this question and found a similar one but wasn't able to find the answer to specifically what I'm asking. My wife and I share a credit card. I believe that she's actually the primary ...
27
votes
8answers
5k views

What are some creative ways to run up my credit card bill without any cost to me?

I got a new credit card with a very large signup bonus - as long as a minimum amount is spent on the card in the first 3 months. I usually don't go for things like this but in this case the bonus is ...
2
votes
2answers
275 views

Is it acceptable to balance transfer a credit card's balance to itself?

Is it acceptable to balance transfer credit card debt to the same card? Often, balance transfer promotions come as checks in the mail, and I learned that you may write that check to yourself and ...
17
votes
3answers
12k views

What do the numbers on my credit/debit card mean?

I have the following visa card from comdirect.de: I guess: Number A is my credit card number. The 4 groups don't have a meaning. Number B: I have no idea. Might be my security code? Number C is ...
11
votes
2answers
1k views

How bad is it to have a lot of credit available but not used?

I had a very financially astute reason for getting my first credit card: it was freshman orientation day at college, and one of the banks was giving away free t-shirts to new credit card customers. ...
9
votes
4answers
759 views

Figuring out an ideal balance to carry on credit cards [duplicate]

Until recently, I was under the impression that it's bad for your credit history to not pay all bills on time and in full. However, a banker recently told me that it's a good idea to carry a small ...
3
votes
1answer
236 views

Does being added as an authorized user help credit score?

My wife and I both filed bankruptcy 15 months ago, and are slowly getting our credit back. We both got a credit card from Capital One. Does adding each other to the other's card as an authorized ...
1
vote
1answer
56 views

Spending arrangements for a dependent student studying abroad

I live in the U.S., and my daughter will be starting college in England in the fall. She is financially dependent on us, has no credit history, and will not have a job while she's in college. We'll be ...
4
votes
4answers
822 views

In Australia, how to battle credit card debt?

I have $18K in credit card debt. What are my options in tackling this? Every month I am left with no extra money to pay anything more than minimum payment required (car, rent, another personal loan, ...
4
votes
1answer
169 views

Category of purchases on credit card - can it affect credit rating?

I found the following question about categories of purchases for credit cards: How do credit card companies track your purchase categories? I'm about to apply for a credit card, and frankly, it makes ...
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vote
2answers
116 views

How can I have credit cards without having a credit history or credit score?

Is your credit history/score like a criminal record? I mean is it always with you? Also, are there other ways to get credit cards besides with a bank? I want inside my credit score without having a ...
7
votes
3answers
2k views

Defaulting on credit cards before leaving the country

I have a colleague who is going back to his country after staying for a couple of years in US. He has 3-4 credit cards plus a personal loan. His total debt would come to around $10,000. Some days ago, ...
2
votes
1answer
152 views

Why do credit cards come with insurance, and what is the benefit for the user?

I have savings and don't need to borrow money, but still need a credit card for those payments that can't be made otherwise: primarily car rental and some online purchases. I've noticed that many ...
0
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0answers
47 views

Switching to PC Savings account from PC Credit card

I currently have a Presidents Choice credit card on which I have kept a low credit limit. I use this credit card for day to day purchases. My primary reason for getting this card were the PC Points. ...
3
votes
1answer
102 views

How is credit-card utilization calculated when you have more than one card?

I know that your credit utilization affects your credit score, but I have a question about how exactly this is calculated. Suppose I have two credit cards: Card A has a credit limit of $1000 and ...
2
votes
2answers
164 views

Should I give to charity by check or credit card?

I intend to donate some money to a major charity. I could donate online with a credit card, or by mail with a check. I'd like to choose the method that is less expensive for the charity, so that ...
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vote
3answers
674 views

Paying restaurants in cash instead of credit card - how signficant is this?

A friend of mine (this is in the United States) said that he always pays cash when he goes to a restaurant or a business that he particularly likes, so that the restaurant owner (he often does this in ...
2
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1answer
230 views

Misspelled cardholders name: any official policy of MasterCard?

My bank issued a MasterCard debit card with a misspelled cardholder name. They promise that credit card regulations allow up to 3(?) letters to be misspelled in the name, but can't show an official ...
6
votes
3answers
374 views

Why was my credit card just cancelled?

I have had a credit card with Bank of America for many years. I also have a long-standing card with another bank, a Sears card, and a newer card (< 2 years old), for a total of 4 credit card ...