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 do I avoid paying for an item that I was refunded for on a credit card when the payment due date is coming up?

I purchased an item which the merchant then refunded to my credit card. However, the payment due date is coming up, and my credit card has still not been credited with the refund on my credit card ...
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2answers
177 views

Credit Consolidation, Credit Settlement

I've done a little research but I would like to have actual feedback from people. I am currently behind on credit card payments and I am not sure exactly what to do. The interest rate is high and I do ...
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4answers
476 views

What are the advantages of using credit card to pay most of expenses?

If I will pay most of my expenses via credit card, then is it correct to assume the following points? 1) My saving account interest rate will increase by somewhat (interest is calculated upon ...
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2answers
865 views

Is there a way to immediately see credit card transactions in a mobile app?

The Simple app immediately shows transactions as they are made. I'd love to have this for my credit card too. I think I can get 80% of what I want with Mint. What other options are there? Are there ...
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1answer
82 views

Rewards credit card for large repeating purchases in Australia

I have no revolving credit card debt: I pay it off every month. I also have a significant throughput of charging/paying off, including a large repeating medical cost that will be at least $3000 every ...
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2answers
88 views

How to decide which credit card to apply for?

I am researching for a travel credit card. I don't fly frequently, but I spend around $2000-3000 at max/year (domestic and international) in air fare. Should I go for a travel card, do I even need ...
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13k views

Why is there a delay on credit card transactions showing up on my online statement?

If I make a purchase with my credit card there is a delay of a few days before it shows up on my online statement. If I make a purchase with my debit card it usually is displayed that day. Why the ...
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Is it a good idea to ask for a credit limit increase on a new credit card?

I just opened a credit card like a month ago. I have another credit card that I've been using for about a year now. But I was wondering if it is a bad idea that I raise credit on the new credit card ...
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2answers
789 views

Should I keep online bill-pay confirmation numbers?

I pay some bills/credit cards via website or over-the-phone payment systems. These systems give you a confirmation number/reference number. Is there a point to recording these confirmation numbers? ...
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8answers
1k views

Optimal way to use a credit card to build better credit?

I have a credit card with a $700 limit and I am curious how to optimize credit gain with it. Right now, I use it once a month (usually on something small like a drink from a convenience store or ...
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3answers
114 views

How can I use my low credit card rate to save interest on my student loan payments?

I have student loans at a rate of 6.55%. I have zero credit card debt - and have a card with a rate of 6%. I have a comfortable amount saved for emergencies and have some extra income that can go ...
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2answers
1k views

How much interest will I pay on my credit card?

I'm about to move to the US and I'm wondering: say I always keep an active balance and never overdraw/accumulate debt, will I still pay interest on my monthly expenses paid via credit card? For ...
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1answer
107 views

Are Square Tabs secure?

My barber takes credit card payments using the Square reader and his iPhone. I get the receipts via text message. The text messages include a link to the Square site that allow me to create a "Tab" ...
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4answers
136 views

When does credit card counseling work?

I have a friend who has $18K in credit card debt and makes $25K a year. I think this person needs help, and I've thought about recommending credit card counseling. However, I've also read articles ...
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2answers
207 views

What happens when shifting debt between multiple credit cards? [duplicate]

Possible Duplicate: Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest? Is it possible to pay off the balance of one credit card using ...
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6answers
641 views

Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest?

I was reading up on What is the difference between "good debt" vs. "bad debt"? and it says borrowing money from a credit card is a bad-debt. So, I was wondering if the credit card ...
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3answers
1k views

Is interest of credit cards caculated based on the amount unpaid within the grace period?

From Wikipedia if a user had a $1,000 transaction and repaid it in full within this grace period, there would be no interest charged. If, however, even $1.00 of the total amount remained ...
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1answer
155 views

How to understand the caculation of interest for credit cards?

From Wikipedia The general calculation formula most financial institutions use to determine the amount of interest to be charged is APR/100 x ADB/365 x number of days revolved. Take the annual ...
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3answers
1k views

What does high credit utilization really mean?

I've heard and read that high utilization of credit hurts, but what does that mean exactly? Does that mean high utilization month-to-month, or simply high utilization at all, even when paid off in ...
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2answers
536 views

What is considered a low credit limit?

I was using a tool that suggest how I can increase my credit score. One thing was that it said my credit limit is "low." But it didn't say what "low" is. What is considered a low credit limit?
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1answer
97 views

Changing credit address to apartment address [duplicate]

Possible Duplicate: What kind of an impact does moving have on your credit (score)? I recently moved out of my parents house into an apartment in the city, and I've noticed it's way easier ...
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6answers
1k views

Is it better to buy a computer on my credit card, or on credit from the computer store?

I am interested on buying a computer (approximate cost USD 600). I can pay for it either with my credit card, or apply for credit in the computer store. What are the advantages of using one form ...
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1answer
349 views

What percentage of your credit card limit should you use [duplicate]

Possible Duplicate: What is the optimal ratio of used credit to credit limit for your credit score? Does length of credit history or percent of credit used count for more? I just read ...
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1answer
3k views

When does interest start for a 0% APR balance transfer?

I have made a balance transfer with 0% APR for 12 months and paid only the minimum for 12 months. I wasn't charged any interest and if I pay the balance in full before 12 months is over, I don't get ...
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2answers
2k views

Should we combine credit cards after getting married?

I am about to get married and we will be combining finances, so please base your suggestions off of the assumption that our finances will be fully combined. I currently have 3 credit cards of which 1 ...
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5answers
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How often can/should I apply for a credit limit increase?

I just got my first personal credit card 8 months ago, and I'm occasionally hitting/getting close to the credit limit. I've never missed a payment or had to pay a single fee, and I'm using the card ...
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1answer
178 views

Maximising total credit limit on credit cards

I am curious about the tactics that someone would use if they wanted to obtain the maximum possible total credit limit. I don't actually intent to do this, but I'm just curious about how much money ...
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1answer
67 views

Which reward/benefits card is the best value for money in Australia?

As per the question this is based off: Which card do you use and why? Some cards are similar but some not. This will also be affected by personal preference, so indicate why you chose a ...
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3answers
6k views

Deposit money to credit card

Let's say I know a credit card number and the card doesn't belong to me, can I deposit money on that credit card? The receiver will not object getting extra money. But is this possible and how you do ...
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3answers
225 views

In the United States, are credit cards with rewards harder to get approved when one has no credit history?

For example, ones with free frequent flyer miles upon registration, or maybe some of the Amazon.com credit cards? My credit card applications keep on getting rejected. For the record, I'm an ...
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1answer
315 views

My credit score went through the roof. Why?

3 months ago, my credit score took a massive dip. The consensus was that this happened because I no longer had any credit cards and thus no revolving debt. So I went out and got myself a new ...
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1answer
169 views

Credit Card: Charge from the bank

Let's say I have a debt of $50. Let's say I don't pay for my credit card debts. Next month they will charge me interest upon the money I should have paid ($50 + interest). Now let's say I pay more ...
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2answers
271 views

How does Paying credit card in full VS paying with interest will affect your credit score?

What is the effect of paying credit card in full or with interest on your credit score?
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148 views

How soon are credit reports available, after opening one's first credit account ?

They say that your credit reports are available after having an open credit account for 6 months. I've had a Citi Forward card for international students for 6 months and a week now, but I still can't ...
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2answers
192 views

Credit card transactions for personal finances

I have personal finance software installed on my mobile phone. I input all the info about purchases/spending in there so that I keep track of my money. Recently I've got a credit card with a bank. ...
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2answers
92 views

What is a good credit or debit card that offers a reward with each transaction in the US?

I am looking for a rewards card (credit or debit) where you can earn some number of cents (I've seen 10 or 20) per purchase that you charge to the card regardless of the amount. Something similar to ...
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3answers
339 views

What extra charges and fees will I be billed for an international credit card transaction?

I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
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7answers
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Closing unused credit cards: how much will it really hurt?

I have three credit cards, but I only use the newest. I pay it off in full every month, and the two older credit cards haven't seen a single transaction in over a year. None have an annual payment, so ...
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1answer
1k views

Anonymous CC: Does “Entropay” really not hand my personal data over to a company - are there alternatives?

these days our anonymity gets less and less and today I remembered that I actually had a virtual credit card, that I might use to shop more anonymous, from Entroypay. Now Entropay states: "Financial ...
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6answers
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How will using a credit card for daily expenses instead of my debit card affect me?

I have the bad habit of carrying a balance on my credit cards and paying monthly out of my bank account toward those cards. I was talking to a friend recently about this, and he brought up the idea ...
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1answer
170 views

The meaning of “annual salary”

Let's say you're having a three-month job every year, and during those three months, your annual salary is $12*. (i.e. It's not an hourly job, but a full-time job -- you earn $3 during those three ...
3
votes
2answers
169 views

What kind of an impact does moving have on your credit (score)?

Being an international student, the room I rent near campus has been my domestic home address since I came here to study. Now that I am working at a place quite far from campus, I would like to ...
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3answers
531 views

Can I get a chargeback from Visa or MasterCard if a product I bought did not match the description?

If I buy something from a retailer and later on, when I go pick up the product, I find out that it was not the same product agreed on and they refuse to give me a refund (even through they legally ...
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3answers
143 views

“Interest Earned” means my money or my bank's money?

Hi all I'm almost graduating into the working world and even if I hate it I'd have to start learning credit cards and stuff. There is a transaction in my iBanking that shows "Interest Earned ...
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1answer
680 views

Did Capital One ever start reporting credit limits to the Credit Agencies for Credit card accounts?

As described in this article from 2005 Capital One has done some shady things in the past in the way they report to credit bureaus. Specifically they don't disclose your credit limit to the credit ...
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3answers
4k views

Deductible expenses paid with credit card: In which tax year would they fall?

If I paid my business expenses with a credit card during the month of December, which year can I deduct them from my taxes? 2011 (when the purchase was made) or 2012 (when I paid off the credit card)? ...
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3answers
220 views

Why do cash back credit cards give a higher rate for dining and gasoline purchases?

Title says it all. For example the Amazon.com Chase card gives 3 points/dollar for Amazon purchases, 2 for gas station and dining purchases, and 1 point for everything else. It's obvious that money ...
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4answers
4k views

How are Visa payWave and MasterCard PayPass protected against unauthorized use?

Visa payWave and MasterCard PayPass have similar description - the card is equipped with antenna that it uses to talk to the terminal. For small purchases (something like less that $50) the ...
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3answers
1k views

I might use a credit card convenience check. What should I consider?

I received a convenience check offer from Chase. The checks incur a 3.99% APR for one year, and there is no transaction fee (no usual 3% of the amount). I have committed to pay $500/mo in Jan, Feb, ...
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1answer
49 views

Where can I find a list of credit card interest rates for US issuers?

I'm looking for a website (hopefully independent of major card issuers) that has a good list and comparisons of credit card interest rates for the United States as well as historical data showing how ...