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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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.
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118 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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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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81 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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393 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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120 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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2answers
164 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
111 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 ...
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586 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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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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330 views

Transfer from Amex Credit card to BofA debit card [closed]

Note: before seeing "extra" information as noise, note that users have requested more details. Question: How can my father send money from his American Express Credit card to my Bank Of America 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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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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126 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 ...
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2answers
210 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
248 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
157 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 ...
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1answer
197 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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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 ...
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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 ...
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1answer
158 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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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.) ...
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2answers
320 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 ...
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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 ...
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1answer
75 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 ...
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2answers
305 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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142 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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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 ...
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Recourse with Credit Card company after victimized by fraud?

I signed up for a service that was advertised as "$200 per month." I didn't know the company was under investigation by my state's Attorney General for fraud and questionable business practices. ...
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3answers
174 views

Paid off credit, how do I position myself for a mortgage application?

So, since this question I have cleared my credit/store cards and now have a couple I use month to month with no balance carried. My question is about my strategy regarding applying for a mortgage. ...
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2answers
239 views

Closing credit card to increase limit on another

I have a credit card with a limit of 6k, have another with a limit of 1500$. I asked to raise my limit on the 1500$ card (at least three times) but it was always denied. So, I'm thinking on closing ...
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1answer
142 views

What would make a Centurion Card's fees financially worthwhile?

The AMEX Centurion card has annual fees of, depending on the country, up to the equivalent of 5402USD for Taiwan. There are also one-time joining fees of up to 7500USD. Now these anodised titanium ...
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2answers
261 views

Advantage of having credit card from the bank I have a checking account

I was wondering if there is an advantage in getting a credit card from the bank that has my checking account. Right know, I have three other credit cards that I only use in emergencies. I do not ...
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How can I build up credit using a credit card?

I am a poor/broke 20-something, I make minimum wage (or a few dollars above it.) I've been trying to build up credit, in case I need it someday - the likely event my aging vehicle explodes, for ...
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388 views

At what point should I go into credit card debt?

This may be a stupid question, but I will ask anyway. At what point should I stop using up my cash savings and start accumulating debt on a credit card? When I try to Google for advice about going ...
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129 views

How to avoid maintenance fee when balance drops below minimum?

Looking for a way to, in the event of a purchase dropping my balance below the minimum daily balance (MDB) with no way to bring it above the MDB before the end of the day, make 6 point of sale (POS) ...
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5answers
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How do I make a one of payment to my HSBC credit card bill with a HSBC debit card UK

I need to pay my HSBC credit card bill with a HSBC debit card and I can't transfer money between accounts (it doesn't show up on the list of accounts). When I click on the direct debit details it says ...
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1answer
120 views

Will getting a second credit card from Citibank lower my average account age on my credit report?

I just got a new credit card from Citibank (double cash back card). Whenever the Citibank Visa for Costco is available, I would like to get that too. When I get the Costco card will this lower my ...
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1answer
140 views

Can anyone else make an online payment for me?

I want to register for the SAT, paper registration is currently not available in my country(Ethiopia), and I want to register online. Credit card and any other form of online payment is not possible ...
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Does a U.S. citizen have to give up his credit cards and bank accounts when he moves abroad?

Credit card applications usually say "must be a U.S. resident". If a U.S. citizen moves abroad temporarily, and he doesn't want to use his friends' or relatives' U.S. addresses to get his mail, and ...
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69 views

Most Efficient Spending Habits To Build Credit Given My Circumstances

I had a question regarding building credit. I have no past credit history, and just opened a secured card with a $200 credit to help me build mine (yes, it reports to all 3 bureaus). I currently have ...
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3answers
154 views

Credit Card Interest

I already posted a query like this before here and I'm having another problem. As you can see in the link I provided, the one I marked as the best answer is stating that "You would need to pay the ...
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1answer
989 views

If Sears is canceling my account that hasn't been used in years, will it hurt my credit score?

I have a Sears credit card that I haven't used in 14 years. They have recently contacted me and told me that if I don't make a purchase by Nov. 30, that they will cancel my credit card. If they (not ...
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1answer
102 views

How can I make a wire transfer as a credit card purchase?

I try to use a credit card for everything, to improve my credit score (as I moved to the US only last year). However, my landlord only accepts wire transfers. I know I can get money off my card and ...
2
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1answer
132 views

Credit card company forgot to reflect a returned payment in my balance. It only showed up after I closed the account. Am I obligated to pay?

I made a payment about 9 months ago to pay off the balance of my credit card. For some reason the payment never went through. I didn't notice. The credit card company also didn't notice that the funds ...
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1answer
252 views

Am I responsible for an annual fee on a credit card I never picked up?

I just received a bill for a VISA card at a bank where I'm not a customer. There is just one charge on the card and it is for an annual fee of $120. The card is not actually made out to my name, but ...
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Can cash advances still be made if the cash advance limit is 0

Banks/issuers are sometimes reclassify credit card purchases (i.e. purchases of cash-like items) as cash advances. Is it possible that a cash advance type of transaction could trigger cash advance ...
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200 views

Taking a loan from yourself

In general everyone is, for good reason, against having credit card debt. In a scenario where someone is paid a certain sum each month, and wants to spend only a certain amount each month, can he ...
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340 views

Why are credit card late fees and returned payment fees changing to $27 / 38?

In a short period of time, I've seen multiple major US banks change the terms on their credit cards to set the returned payment fee and late fee each at $27 for the first offense in a six-month period ...
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109 views

Merchant dispute with airline over changed itinerary

I'm having a problem with Orbitz, a third party travel site, where they changed my plans in a way that won't work for me. I need to know what I can do about it, so that either I get a refund or I get ...