Questions tagged [credit-card]

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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25 views

Is there any credit card that doesn't need SSN or ITIN?

I am just arrived to the US with the F-2 visa, and I don't have SSN or ITIN number, it seems I can't open a credit card. Just to make sure I wanted to ask it here. I also like to know what is the best ...
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What should be the income to list on a credit card application?

Consider a person with no income for the first 6 months of this year (from January to June), who gets a job offer for $AAA per year and applies for a credit card in July: The credit card application ...
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1answer
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When should I give my Social Insurance Number to a Credit Card Company (or anyone else for that matter)?

When applying for an American Express card, it asks me for my social insurance number (SIN) but it is optional. Should I give it? The site states We encourage providing your SIN for more accurate ...
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If a credit card offers rewards for “online purchases”, is anything paid for online automatically included?

Some credit cards (e.g. Bank of America) offer cardholders the option to earn cash back at a higher rate on online shopping purchases. (More specifically: you get to choose one 3% cash back category ...
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4answers
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Is the 30% of credit rule per month?

I have heard that it is best for your credit to use under 30% of the credit available to you. Does this mean per month or at a time? The difference: A. Per month = For a $2,500 credit limit in total ...
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How much is taxable if I lend money from my credit card within an interest-free period?

Taxable mentioned here is Let us say if I lend 3 lakhs for 3% for 30 days within interest free period of credit card through online transfer not by withdrawing cash, the borrower will return 3lakhs ...
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1answer
69 views

How to find comprehensive agreement before getting credit card?

I'm looking to get another credit card. Generally speaking I find it difficult to cut through the marketing talk to find out what I'd really be getting myself into. I'm looking for one with high ...
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2answers
117 views

Credit Rebuilding Strategy

My credit score isn't terrible - 715ish and my total utilization across 2 cards (one is my own card, and I'm an authorized user with a balance transfer on one of my gf's cards for the other) is around ...
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2answers
157 views

Is it safe to have a debit card and credit card on the same bank?

In the scenario of a dispute with a charge on your credit card, if worse comes to worse - can the bank pull funds from your debit card? (In the case of US and Philippine banks). Asking this because I ...
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1answer
89 views

Do you get interest charges on Pre-authorization hold on Credit Card?

Lets say I ordered an Item from amazon using a credit card for $100 The merchant cancels the transaction for whatever reason, before the item is shipped. Amazon states that they do not make any ...
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Assuming you already have the money, how to tell when/which day of the month to pay off credit card balance?

Maybe this is a simple question but I have a really bad sense about these type of things. When I got my first credit card the teller "did me a favour" and said if I always paid it off in ...
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123 views

Can I buy on amazon with an empty prepaid card? [closed]

Why did I receive an email when I buy a laptop with nothing in my prepaid card? "Thank you for shopping with us. We’ll send a confirmation when your item ships." Why did I receive the email ...
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Wrong last name on my credit card

I just ordered a Credit card and it has my former last name on it instead of my new last name. Can I still use it or do I have to get a new one?
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Do I need to keep the product after a successful chargeback?

I am in California. I successfully filed a chargeback after a merchant repeatedly failed to send a return label after agreeing to an RMA. I now have my money back, but also a product taking up space ...
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6answers
4k views

When should I pay off charges on credit card if my main concerns are reward points and credit score?

I am starting the process of paying my bills with my Chase credit card. I do not want to carry a balance from month to month. Which option is better? Option A: Pay a bill on credit card. Bill goes ...
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1answer
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Current state of 3-D Secure / Verified by Visa acceptance in USA / Canada?

In the EU, 3-D Secure is more or less a must have and all credit card payments done online are secured by that what reduces fraud to nearly zero. I know that in the past 3-D Secure (or Verified by ...
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1answer
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I paid my CC payment on it's due date and it states posted but no money has yet to come out of my bank account, is my payment still on time?

So I paid my CC payment on the date it was due which was a Saturday. My CC payments state that the transaction is "posted" and no longer processing which is great but, no money has left the ...
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Which is worse for credit score: Bank closure for inactivity, or consumer closure, of a credit card?

Even if a zero-balance credit card is not used, the account age and available credit limit help a person's credit score. If the person decides they no longer wish to use the card (e.g. due to a ...
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3k views

Should I still pay the minimum amount due even if my outstanding amount is 0?

I'm using an ICICI bank credit card, and there are two amounts of importance that are visible on the online dashboard: Current Outstanding, and Minimum amount due. I did a transaction of Rs. 1500 on a ...
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11answers
6k views

Why can't my LLC get a credit card when the owner has credit history and a good credit score?

I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it ...
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4answers
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Is there a standardized time-limit for disputing credit card charges?

tl;dr: Is there any definitive guide to the allowed timeframe for disputing CC transactions? The answers seem to vary widely. Does everyone need to call their bank for any specific transaction to find ...
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AMEX made my dad wait 77 minutes to approve his credit card purchase [closed]

I would like to help out my dad. I apologize since I have no idea about credit cards. So my dad has lots of money, no financial problems whatsoever. He has an AMEX credit card with no pre-set spending ...
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Can a retailer charge me sales tax after being charged?

I made a large online purchase at a large retailer and I noticed sales tax was not charged when checking out. When I checked my email confirmation, tax also said $0. A few hours later, their customer ...
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Is there any catch in life time free credit cards against fixed deposits?

Many banks have offerred me life time free credit cards because of my good credit score. However, there are some banks which did not offer any life time free credit card. However they offer credit ...
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238 views

Investing in republic.co using a credit card

The crowdfunding site Republic.co allows investors to invest in opportunities using a credit card: https://republic.co/help/what-payment-methods-can-i-use-to-fund-my-investment-1 Does anyone know if ...
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1answer
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Does it matter who the primary card holder is if both people have high credit scores?

Background My wife is in grad school and has no income. I have a high paying job and all bills are paid from my income from shared bank accounts. We both have high credit scores (> 750) though I ...
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4answers
261 views

My Credit card company back in January I paid off my balance and had a -1200.00 balance

In January I paid my credit card in full as I do every month sometimes sending money prior to bill showing up if I have used the card a lot, I do not carry balances on my card. but in January I ...
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2answers
231 views

My credit card company has stopped charging me interest. Shall I inform them?

I have a credit card with ~£5,000 balance and the interest rate is 27% APR. A few months ago I was checked my transactions online, looking for the latest interest charge, but I couldn't find it. So I ...
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1answer
102 views

Is donating money to charities / non-profits with a credit card considered a cash advance transaction?

I'm UK based. I know that credit cards charge extra cash transaction fees for not only getting cash from the ATM but also for things which are not quite cash like crypto, gift cards or gambling. Is ...
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Need formula to create credit card payoff spreadsheet that accounts for additional monthly charges

I'm looking for a formula that I could program in a spreadsheet in order to create a credit card payoff calculator that accounts for recurrent monthly charges. I've been searching for days on Google ...
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What do I need to do to prepare for starting a business? [closed]

I have this service business that I've been working on the backend (planning, relationships, coding etc) for a couple of years but I don't know how I can get the time/money to launch it. I work 40 ...
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1answer
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How do I update my address with Transunion and Equifax and what are they?

I recently applied for a credit card with a bank I had never done business with before. One day I got a confusing call from them. From what I understood Equifax and Transunion have an old address on ...
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Reapplying for same credit card after collections

My Amazon's Chase credit card bill was sent to collections in March 2019 due to some financial issues I had. I paid off the debt completely in collections and my credit rebounded. My credit card ...
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1answer
151 views

Can an on-line retailer request ID and a photo of the credit card?

Recently while shopping on-line, a store sent me an E-mail to say in short, "The transaction failed to verify, please send us a copy of your ID and a photo of the credit card you used for the ...
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5answers
7k views

Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

Jurisdiction Australia, but could apply globally for all I know. Looking at major Australian bank websites, their EFTPOS contracts mention nothing about transaction fees being different for small ...
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4answers
239 views

What would most likely happen if you owed money to a business upon completion of a service but realised that you don't have a way to pay?

I came pretty near this situation, but luckily I had an extra debit card (although I would've preferred to use my credit card). I was at a vet to prepare my pet for a surgical procedure, and they ...
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Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account

I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it ...
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3answers
464 views

Do card bonuses lead to increased discretionary spending compared to more basic cards?

Some credit cards offer bonuses on spending in particular categories, such as cashback bonuses or "free" upgrades. These credit cards tend to come with an annual fee. A consumer may ...
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Why would someone get a credit card with an annual fee?

I currently just have a Visa credit card. A place I shop at doesn't accept them. I'm looking at getting a second credit card such as Mastercard. I am surprised by how many highly recommended cards ...
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3answers
146 views

Refund to credit card account with 0 balance

I am due a refund from a company and they are sending back the money to my credit card (the card I used for the original purchase). However my credit card balance is paid off, so how will this refund ...
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1answer
457 views

Are banks in the US obligated to opt you out from Visa Account Updater?

According to a somewhat related question: Shutterstock subscribes to Account Updater, and gets updated copies of your card info when it expires or is replaced. VAU is Visa's version; more info is in ...
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4answers
206 views

Should I open a second credit card just to improve my credit score?

I have one credit card, which is the only line of credit that I've ever had. I've never missed a payment, keep my credit utilization ratio reasonably low, and haven't had any other negative impacts on ...
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5answers
7k views

Why don't most people file Chapter 7 every 8 years?

Please explain to me why more people don't follow a formula like this: Converting all their assets into exempted assets (for which there are tons of options, regardless of your state -- ERISA-...
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3answers
130 views

Paying more than your monthly credit card balance?

When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit ...
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478 views

Keep secured credit card open?

I am young and want to try to start building credit. The tellers at SunTrust advised that I start with a secured credit card, and eventually I will transfer to an unsecured one. Is the transfer like ...
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1answer
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I'm traveling and need the info on my future business card

I'm about to open a business account, but all providers seem to provide physical credit cards for their business account. At the moment I won't be able to physically present myself at the place of ...
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why there is a difference in total emi amount and amount spent from my credit card

I have purchased a watch from an e-commerce portal. The calculation page was like below according to this, I have to pay 919.38 x 6 = 5516.28 But, they said total payable amount is 5278.79 Also, I ...
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6answers
3k views

Do I have to incur finance charges on my credit card to help my credit rating? [duplicate]

Does using a credit card actually build up your credit score or do you have to incur charges by not paying it off for X amount of time to help with your credit rating? If I'm paying it off every month ...
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7answers
8k views

How easy is it to actually track another person's credit card?

In movies and in fiction, government agents, mom's basement hackers, evil villains, etc. often are able in minutes to tell stuff like "twenty minutes ago she rented a boat in Snow Hill" or &...
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8k views

How should I handle money returned for a product that I did not return?

I purchased a laptop online through the official website, my card was charged immediately after I made payment. The item arrived around two weeks after that. I checked my banking app and discovered ...

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