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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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Is it safe to have money transferred to verify a credit card?

I tried to make a booking. I am required to have a credit card. I don't pay via credit card, I just have to demonstrate that in case I don't come to the hotel, they can take the fee equal to the price ...
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106 views

Credit card charged for something that should be free. Am I out of luck?

I travelled to Fujian last week and rented a bike for 10 times. The bike company was offering a promotion to everyone at local resident rate, which meant free rental for initial 4 hours. The fee ...
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1answer
80 views

How many open credit card accounts do issuers like to see when someone applies for a new credit card?

How many open credit card accounts do issuers like to see (according to some formula or rulebook) when someone applies for a new credit card? Specifically when each card is in good standing and paid ...
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5answers
9k views

Why do credit card issuers offer a grace period?

I am wondering why most credit card issuers offer a grace period after the statement date, provided they're not obliged to? Is it required by law (I'm 99.99% sure it's not but just in case)? Does ...
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2answers
113 views

I live in Japan and want to send money to my credit card

I used to send money home to my parent’s account and they would then pay the bill. However my father is not in a position to do that anymore. Is there anyway to send money directly to the credit card?...
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153 views

Entered incorrect 3 digit when making online transaction

When purchasing a product online, at the checkout I entered the wrong 3 digit security code for my card. Does anyone know what will happen? Will the transaction still be successful? Will I be charged? ...
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26 views

OK to switch from a Personal to LLC Credit Card on personal freelancing account?

I've used a freelancing site a lot in the past for app development as a client (i.e. I pay freelancers to build apps). Recently I created an LLC and am in the process of transferring an app to it. ...
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2answers
239 views

Seller Trying to Increase Price After Purchase with Visa Credit Card

I recently purchased a used piano for $4000 dollars. This item is to be shipped to me next week. I paid for this item with a Visa Credit Card and have received receipt. Shortly after returning home ...
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76 views

Does paying off my credit balance before the due date for a lower utilization rate hurt my score?

Last month I opened a cash rewards credit card with Bank of America. I am worried about my credit score, as my first closing date was the end of September. I paid off the balance that I used a ...
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2answers
2k views

Do I need to get it in writing when paying off collections accounts?

I have a credit card in collections with a balance of $1972. I will be able to pay this off in a couple of weeks. I have read a lot of articles that say that I can negotiate to have the balance ...
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3answers
291 views

Credit Card with -95 balance

I just closed my account after I paid off the balance. However, now the balance becomes -95. Does anyone know why? How can I make it back to zero and do I have to? The specific card I had was: United ...
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2answers
318 views

How to dispose of metal credit card?

A while back I applied for and received a new credit card. For whatever reason, this card is made of metal, as opposed to the typical plastic cards I have normally received with other accounts in the ...
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2answers
190 views

Do gas stations have $1.00 preauthorization charges (Are these fraudulent charges)?

I just received the following alert from my bank, and they want to verify that I made these transactions: Do you recognize all of these transaction(s)? Approved transaction at PETRO [redacted] for $...
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1answer
97 views

Do visa gift cards show up in bank account history?

I have the USAA banking app and can see where purchases are made and how much. I was wondering if I got a visa gift card and bought something with it, would it show up in my history in my bank account?...
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3answers
716 views

Stop credit card payments for unstoppable auto renewal?

In my answer to a recent question, I pointed out that some auto renewal programs are scams. it is a scam, they never intend to let you cancel your free subscription easily. The company just has no ...
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11answers
19k views

Why auto-renew instead of canceling the subscription after free-trial?

Almost all companies give you a 7/14/30 day free trial to try their service (eg: Netflix, Spotify). Some people forget to cancel the subscription and after the free trial expires, these companies ...
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1answer
132 views

What are the main barriers to entry into the credit card market? [closed]

It seems to me that there are only a very small number of credit card network companies with significant market share (e.g. Visa, MC, AmEx). 1) I would have thought new companies would come in and ...
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2answers
318 views

Proper response to restaurants taking extra tip?

When visiting full-service restaurants in some places (this seems very common in the US, for example), the server brings a check at the end of the meal detailing the amount owed for food and drink and ...
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1answer
133 views

EU Merchant asking credit card details on paper form, violation of GDPR?

An EU Merchant (based in Germany) is asking me to fill up a form with credit card details in it (card number, CVV, expiry date), then print it, sign it, scan it and then send them the scanned copy. If ...
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2answers
338 views

Is it a reasonable request for $1,000 credit limit increase?

I currently have the Barclay Apple Rewards credit card which I received on 06/2018 with a $1,000 credit limit. I used it to finance the purchase of a $950 iPad for school. I was given 12 months to ...
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3answers
253 views

Can you hurt a nonexistent credit score?

I am a student, I just started my sophomore year. I have always been very financially responsible. Now, I want to start building my credit, so I did my research and applied for a student credit card. ...
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1answer
97 views

Credit Card Interest Rates

From what I can see, the going fixed interest rate in the US and Canada with Visa, and MasterCard is about 20%. I almost never see a card with a lower interest rate than this. If I do see one it is a ...
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2answers
93 views

Is there any disadvantage to applying for a credit card through a website's affiliate link?

I've researched a number of credit cards and I found one that I want to apply for. If a particular website was helpful in my decision process, is there any downside to applying for the credit card ...
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1answer
84 views

How does a pre-approved credit card offer, affect the probability of actual approval?

Facts My cousin in high school has ≤ $500 in her HSBC Canada accounts, and has never had any income or job. She has had only 1 Secured Credit Card with a $300 limit. She spends ≤ $90/month, and ...
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0answers
137 views

Letting agency asking me for CVV in paper

I'm moving to the UK next month and I'm going through the tramits to close a contract for a place to live in Birmingham. What I found weird is that in the tenancy application form they ask me to ...
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2answers
5k views

Credit card number masking - good practices, rules, law regulations?

Usually when I enter and save my credit card number in online shop or mobile app, only last four numbers are shown as a reminder. Example (not actual digits): Your card: **** **** **** 1234 Recently ...
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4answers
22k views

Bank claims debit card was physically scanned - half a continent away. What could have happened?

I have had the same debit card for several years, and I've never had a problem with any fraudulent charges until yesterday. I am careful about where I use my debit card number online, and I am fairly ...
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9answers
15k views

Is it legal to invent “artificial” bills to build credit?

EDIT: This question was based on a misunderstanding of how credit is built. However, the concept of moving money on a credit card without spending anything still has other potential benefits (such as ...
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1answer
59 views

Can my other Chase credit card points use the 3x multiplier of the CSR card?

I have two chase credit cards with over $300 worth of points and will open another Chase card next month, the Chase Sapphire Reserve (CSR). I am wondering if my existing Chase points will get the 3x ...
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1answer
48 views

How does a BIN database categorize cards as a combination of credit or debit and pre-paid?

On one of the BIN databases available on the internet upon will tell you whether the card is Credit or Debit and if it is a Prepaid card or not. So the possible combinations are: Credit Debit Credit ...
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1answer
124 views

Credit card - with what delay can it be charged?

Assume you buy something and pay by credit card. Does anybody know how much time the vendor has to charge your card? Is it still legal if the vendor doesn't charge you immediately, but after months? ...
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1answer
212 views

Credit card transaction still not shown after 10 days. Does it time out? Is it my luck?

Ten days ago, I paid for food on a train. I paid by credit card, signed the receipt (old style), and received my food. So far so good. On my online statement, this transaction does not show ten ...
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4k views

What is the easiest way to know if I'm paid up on my credit card?

My credit card has two balances, like I believe most do, the statement balance and the current balance. I'm aware of what both these mean. Each month I pay my statement balance off completely to avoid ...
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1answer
90 views

Transferring personal debt from startup costs and operations to a corporation

For a long time, I've been a one person startup, and have just bundled all business costs - presenting at conferences/travel, office rent, hardware equipment purchases, etc., to my personal account. ...
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1answer
208 views

Get a credit card for my immigrant wife, or keep her off the books?

My wife is a recent, legal immigrant to the US. I am considering getting her a credit card. I know this may be difficult because she has no credit, but I might be able to work something out with my ...
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3answers
330 views

Switching from debit cards to credit cards for incidentals

Right now my spouse and I are using debit cards, connected to checking accounts, for our "extras". There's never very much in either of the checking accounts. I wonder if we'll be more secure ...
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1answer
208 views

Who loses money stolen and laundered via an app platform (Steam)?

Imagine a scenario like: 1. Hacker steals credit card info. 2. He uses stolen card to buy virtual assets on Steam. 3. He sells these virtual assets to other unsuspecting players in exchange for ...
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1answer
252 views

Do card chips expire before the cards do?

A while ago, I got a credit card with a magnetic stripe and a chip that looks like this: A couple months ago, I noticed that every time I tried to use the card, I would get something like "CHIP ...
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128 views

Is it normal for a travel agency to ask for a photocopy of my credit card?

I'm currently trying to get cheap plane tickets for a complex trip with a lot of stops, the only way to get the flight with one payment is to go to a travel agency. I'm doing this through a third (...
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1answer
74 views

Closing a New Credit Card for Credit Score

I have 4 credit cards, and 3 of them are about 4 years old and 1 of them is less than a year old. I noticed that my FICO-8 went down by around 20 points since I got the new card and it hasn't gone up ...
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1answer
582 views

Why do most cards now (debit, credit) have both chip and magnetic strip? [duplicate]

Why did financial institutions added chip to credit, debit cards while they already had magnetic strip? Is there different kind of information stored on both and how is chip card with magnetic strip ...
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4answers
205 views

Will this affect my credit

If I pay my credit card minimum balance a day before the due date but then use it again that day , does that affect my credit ?
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1answer
71 views

Understanding credit score

Probably a fairly generic question, but here it is. First, a very small background: I recently graduated in Europe and found a job in the US. I got the visa and everything, so now I finally moved ...
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1answer
49 views

Low percent vs moderate percent credit card limit effect on credit score

I was wondering if spending more (50-89%) or less (1-25%) of credit limit increases or decreases credit score depending on the amount spent on the credit card. I have recently turned 18 and became ...
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2answers
179 views

How to get an international zip code entered into a credit card machine

I have an international credit card that has a foreign zip code with letters in it. A vendor is complaining that he cannot enter letters into the machine. I think he just may be unfamiliar with how to ...
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1answer
74 views

Credit Cards: Cash Financing Charges

I have a credit card, where the terms and conditions have this to say about cash withdrawal: B. Cash Advance Fees The Cardholder can use the Card to access cash in an emergency from ...
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8answers
4k views

Trying to lower my credit card APR; how to know what I should ask for?

I have a B of A Cash Rewards credit card that I want to have the APR lowered. It currently hovers at 20.49%. I've been a B of A customer since 2007, I've had the credit card since 2012. From their ...
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13answers
25k views

Should I take out a loan to pay off a relative's credit card debt?

Recently a close relative revealed to me that she has run up $40,000 in credit card debt over the last few years, which she can no longer manage because the interest payments are eating up all of her ...
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3answers
3k views

Credit card minimum monthly payment

I am opening a new credit card and am not sure exactly what this clause means: Your Minimum Payment Each Month. Each billing cycle, you must pay at least the Minimum Payment Due shown on ...
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2answers
236 views

Is it rational that agencies downgrade your credit rating if you close a card?

Multiple sources say that if you have several credit cards with balances, and you pay down one of them, your credit rating will take a hit if you close that card. Now I know what the stated reason is ...