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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17
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6answers
7k views

Sell stocks or borrow money from a friend to pay my credit card bill?

I began working as a full-time Data Analyst 5 months back. I am from India, I make $500 a month and I have $10 in my savings account. I have about $900 invested in a company which I believe has the ...
0
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1answer
183 views

Did a refund just give me a bonus to my credit score?

I check credit karma notifications and I got one that my credit score just went up 3 points. Funny because the only transaction I had this month so far was an accident. I was on a free trial ...
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3answers
255 views

Why do Credit Card companies reduce credit lines?

For the second time this year, I've had a credit line reduced. I can't think of why. My accounts are paid off monthly, my FICOs are all in the 800s. By any measure I'm a good risk, what does it matter ...
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4answers
7k views

Why do VISA "Electron" and Master Card "Maestro" cards have special limitations in when they technically work?

Translated by me to English from Swedish, from VikingLine.se: We welcome payments onboard with the following cards: American Express, Diners Club, Eurocard, Finnish bank cards, Master Card, VISA. ...
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4answers
115 views

Planning on having all bills due on the same day

I currently have 3 credit cards, one of which I virtually never use. I'm planning on calling the companies and asking to change the billing cycle so they end on the last day of each month. This would ...
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3answers
3k views

Why is the "discount rate", charged to merchants in card transactions, called that?

When accepting payment via a credit card or debit card, a merchant is charged a "discount rate" (or "discount fee") by the acquiring bank. For example, when a merchant receives a ...
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2answers
110 views

How will closing my credit card affect my credit?

When I was a teen, my mom opened a credit card with Capital One and added me as an authorized user. I used this credit card for pretty much everything, but when I went to get a loan for a home years ...
0
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1answer
67 views

Is it a waste to use HSBC RewardCash to settle the bill? [duplicate]

I usually use the accumulated reward cash towards settling the bill at the end of the month. I heard that it is better to convert it to Asia Miles rather than using it to offset the bill. Is there a ...
15
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7answers
4k views

Is there any reason not to immediately use cash back balance to pay credit card?

If one of my credit cards accrues cash back that is redeemable towards statement balances, is there any reason not to immediately use this cash back each time I go to pay the card? Is there a benefit ...
0
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1answer
113 views

Is it best to pay off credit cards as close to the due date as possible? Is it bad to pay mid cycle? [duplicate]

I will preface with I have a very bad sense about these sorts of things. When is it a good idea to pay off a credit card balance before the end of a cycle? For example a statement period is Apr 13 to ...
7
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3answers
716 views

How to stop recurring credit card charges?

Suppose an individual is subscribed to a service that costs $3.00 per day. He uses his credit card to pay for this service. Also, suppose this individual wants to cancel his subscription but has ...
2
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1answer
112 views

Is it a concern if the pending transaction date is wrong on credit card? [duplicate]

I have 8 pending transactions on my credit card. Yesterday I went to a store and bought something with it. But the transaction shows up with today's date instead of yesterdays. Today I bought ...
3
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1answer
77 views

what can I do to get a chargeback from an online retailer purchased on my credit card

I bought shoes on the internet. The refund policy was clear that you could return the shoes for any reason but I the buyer would have to pay shipping. The shoes didn't fit. Part of the store policy is ...
4
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3answers
414 views

If you have a different interest rate applicable to a part of your credit card balance, how does this apply in monthly payments? [duplicate]

Here's a scenario. My credit card's balance transfer option allows the money to be deposited to my bank account. Let's say I owe $10k at 12% and borrow an additional $10k at 0. If I pay back $10k the ...
0
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1answer
157 views

About Credit Card Referral epidemics

I have recently come into an epidemic of credit card referrals. My friends are going berserk in referring to each other and having bits and pieces of commotions about 'fair shares'. In one incident, ...
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2answers
123 views

Is it possible to force-update Equifax that a specific credit card balance has been paid off?

I called credit card issuer and they told me that they reported the latest $0 balance to credit bureaus. I logged in creditkarma.com and can see that at least Transunion report shows latest $0 balance ...
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1answer
83 views

How fast will my credit score increase?

I have 12k in students loans (all of which isnt required to start making payments until Q4 2021) owed to non-government lenders, and have roughly a 1.5k credit balance currently, with 3 lines of ...
3
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3answers
276 views

If you buy something with one credit card, and refund it to another, do you get to keep the points/cashback/etc from the purchase?

To my understanding most stores have policy that a refund must be done to the same card that was made to use the purchase. However this is not always the policy and I don't think there's a legal or ...
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1answer
114 views

Will getting a second credit card raise my credit score like the first card I got did?

I just got my first credit card a few months ago and it had a huge effect on my score, raising it by about 90 points. Now my score is hovering around 600. I would like to get it up to 650 to increase ...
0
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2answers
86 views

What should I know about American Express's "Pay It", "Plan It", and "Make Payment" options?

The Amex app is well made and, technically speaking, a pleasure to use. That being said, I have no idea how making a payment works. About me: I am on top of every charge, and I make a payment ...
1
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1answer
76 views

How can I select the best virtual credit card?

I'm not allowed to ask for product recommendations, nor for off-site resources, as per closing my prior question: "Questions seeking product, service recommendations or other off-site resources ...
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2answers
210 views

Disadvantages of using a credit card on the last day of its expiration month

Suppose I use a credit card on the last day of its expiration month to buy things in physical stores and for online purchases. Is there any difference between the last few remaining days of a credit ...
0
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1answer
90 views

If I get a credit card without providing a SSN/ITIN, will they still report my activities like normal?

I am a new student in US with no SSN/ITIN at the moment. I want to apply for unsecured Bank of America credit card and secured capital one and citi/US bank credit cards. But I don't know if I get ...
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3answers
5k views

Is it common practice for credit card company to demand to see your income tax forms?

I recently applied for a credit card that my wife has. I was responding to a great offer that I believe this credit card company sent me based on my good credit score and so on. When I applied online, ...
14
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4answers
4k views

Is it better to have/use more credit cards to build credit history/score?

If someone has a credit card with $5,000-$10,000 credit line, and the average amount of monthly payments of this person is around $1500, what is the best scenario for this person to increase their ...
16
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10answers
9k views

How can I buy things with monthly payments in the US?

I am a new international student in the US. In our country we didn't have credit cards like in the US and this is a new system to me. If I get a new credit card in the US with a $2000 credit line/...
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1answer
84 views

Which one is better for credit score: use and charge the card a lot or keep money on them and don't spend much?

If we have a credit card with 1000, 2000, 5000 of dollars, is it a good idea to use it daily like spend 30%-50% of the money per day and recharging the card at the same day just to increase the credit ...
3
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2answers
212 views

Will the credit score fall when we don't use our credit cards for a while?

If someone gets a credit card and builds his credit up to above 800, then he doesn't use his credit card for a while like one month, one year, etc., will his credit score remain at his previous score ...
4
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1answer
77 views

Can we add a person with no SSN/ITIN to our credit card?

If there is someone with F-1 student visa in the US and has a SSN and a credit card, can he/she add his/her spouse who has no SSN/ITIN to his/her credit card?
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0answers
53 views

What will happen if I remove myself as an authorized user of a credit card?

If I am an authorized user of a credit card for a period of time, and the card owner has a good credit score and has positive effect on my credit report, if I want to remove myself as an authorized ...
0
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1answer
101 views

Which is better to build credit score? Becoming an authorized user of another credit card or get a personal secured credit card?

I am new to the US with a F-2(student dependent) visa, I want to have credit history and build credit score in the US. I think I have three options but don't know which is better to do or maybe better ...
21
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3answers
5k views

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 ...
3
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1answer
190 views

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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2answers
443 views

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 ...
0
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4answers
246 views

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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1answer
75 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 ...
2
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2answers
136 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 ...
0
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2answers
169 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 ...
2
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1answer
147 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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5answers
1k views

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 ...
0
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2answers
147 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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2answers
169 views

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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0answers
98 views

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 ...
15
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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 ...
3
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1answer
85 views

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
82 views

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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3answers
132 views

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 ...
8
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2answers
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 ...
21
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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
100 views

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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