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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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189 views

How do you bring a credit card back into no-interest mode after making a less-than-full payment?

It is well documented that most (all?) U.S. Credit Cards don't charge any interest if you pay the bill in full every month. I'm curious how all cards arrived at this common rule, but that's besides ...
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0answers
35 views

What US credit card offering provides the most data retention for download? [on hold]

My bank lets me download credit card transaction data for up to 3 months. The limited time-frame is really annoying. I'd like to perform trend analysis over longer periods of time going forward, ...
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0answers
64 views

Need to buy international air tickets. credit card to get? [closed]

I am not a frequent flyer. I have to buy 2 Asia-US round trip tickets in March (cost $2500). In September I have to buy 2 more Asia-US round trip tickets (cost $ 2800). Please advise me which credit ...
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1answer
94 views

Will closing my bank account cause my credit card to also close?

I've been with Comerica for many years now. I opened up a credit card with them about 4 years ago. It's my only credit card. I opened up the account to help build credit; it's in good standings and I'...
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1answer
146 views

Is it a normal practice to ask to return credit card when closing a bank account?

I have closed my bank account and the bank seems to have deliberatelly punished me for not returning the credit card to them. I would like to argue my case with them, but first I would like to know if ...
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3answers
269 views

How likely is it to be victim of credit card fraud on a credit card that has never been used?

How likely is it to be victim of credit card fraud on a credit card that has never been used? Assume that the credit card was issued by a financial institution bank in the United States. (Link to ...
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2answers
96 views

What can I do if I believe I made a credit card purchase from a fradulent site

I made a purchase (via a debit card but without the PIN, so I believe that falls under credit card rules) and upon further investigation I'm pretty sure the site is fake and will shut down without a ...
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4answers
1k views

Should I max out my first credit card in order to build credit if I can pay the balance immediately?

I was just approved for my first credit card. I will be making a large purchase soon which will exceed my credit limit. I could split the purchase between cash/debit card and my new credit card or ...
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3answers
123 views

Will reissuing my credit card to get a new number every year or even more frequently hurt my credit or effective me negatively?

I recently had to have my card reissued because I noticed a charge on my account I did not make. Then I realized I had this card for like 4 years and credit card numbers are static. Why shouldn't I ...
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1answer
44 views

Secure transactions (on or off the internet) with a credit card [closed]

I have read about how hopelessly insecure credit cards are, and was wondering if there is, in the uk, a provider of either: One time use credit cards. Text me on transaction cards. Pre paid cards: ...
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6answers
264 views

Why do credit cards offer insurance but not advertise it?

Many credit cards offer a number of features like rental car insurance and purchase protection, but these features are rarely advertised when you apply for the card. Instead, card advertising usually ...
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5answers
8k views

Do institutions have right to ask for your credit card security code and all other CC data?

A school wants my credit card data including a security code. They've sent me a form to fill in about my card. As I know security code is something that shouldn't be shared publicly. Should I provide ...
2
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1answer
66 views

How are the CapitalOne credit card exchange rates calculated?

I have a CapitalOne Quicksilver (Visa) credit card (US-based, in US$) which is advertised as 0% foreign transaction fees. However, I am not sure how the exchange rates are calculated. According to ...
86
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6answers
21k views

Why do credit cards have their number and CVC code printed on them for all to see?

Ever since online commerce became a reality, it was sufficient to know the credit card number, expiration date and CVC code to purchase anything online. Things are slowly changing as MFA is getting ...
2
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1answer
127 views

How do credit card chargebacks work when using Paypal/Google-Pay/Etc?

As per my understanding: When paying a store directly with my credit card, I am "protected" against items not as described, or not received...Possibly other situations as well. If approved, this would ...
2
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1answer
130 views

Missed credit card payment

I recently missed a credit card payment because the Direct Debit from my bank bounced. This was because some Visa payments came off before the DD was paid, unfortunately my bank does not have a very ...
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1answer
80 views

Affect on credit score if I apply for a card just to get a one time discount

I currently have decent credit, but not exceptional due to limited use of credit. I have two credit cards, one used regularly (and payed off every month) and a backup credit card. I've run into ...
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0answers
50 views

Issue with Debit Card Payment But My Bank Says There's No Problem

I have had some curious but unpleasant experience with my debit card and want to know if someone's familiar with the problem. Basically, I got my VISA debit card from the UAE but lives in the US at ...
2
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1answer
120 views

Calculated 30% return from opening 0% promo credit cards for charitable contributions, is this right?

TL;DR Just how good is doubling up itemized contributions in 2018, using that to meet minimum spend for credit card bonuses, and taking the standard deduction in 2019? With the US tax code changes in ...
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4answers
344 views

Is churning an effective way of saving money?

I often hear about people who practice "churning" - they take advantage of various promotional offers on credit cards by rapidly applying to many credit cards and closing them as soon as the benefits ...
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1answer
83 views

How virtual credit cards work

I have seen systems where you can dynamically generate virtual credit cards, I think which is described here. Wondering how this works, how do you generate a valid virtual card. Not which service to ...
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0answers
32 views

Creating a separate entity for bank transactions

So you have your personal bank account. But I'm wondering if you can then create a separate bank account of some kind, either a business bank account or another personal one, and have the name on it ...
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3answers
52 views

Do joint credit cards contribute to established credit when applying for new credit?

If I wanted to take out a personal loan or open a new credit card, would a joint credit card contribute to showing I have established credit? For example: Lets say I have a $1k limit personal credit ...
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2answers
158 views

Can you use an alias on a corporate credit card?

I have never used a corporate credit card, but I imagine they hand you a card with someones else's name on it, and you go to the store and purchase some stuff with it without having to show ID or ...
43
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8answers
15k views

Paying off debt and living within means vs. long term planning

My husband and I are divided as to the best way to handle our current financial situation. First, a little background. We are in our high 20’s, have been married for six years and have three kids. ...
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1answer
131 views

Is there a credit card number range reserved for documentation or examples?

When generating fake United States credit card numbers, I know that any random number that passes the Luhn algorithm would work, but then I run the risk, even if small, of generating a CCN in current ...
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1answer
160 views

Is credit card signup bonus taxable?

If a credit card company offers you $500 for making $1500 in purchases within the first 3 months, is that taxable income?
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1answer
66 views

Do I need to pay UK VAT for an online service paid for with a UK credit card when I'm resident elsewhere?

I want to pay for a VPN service with my UK credit card but I've recently moved to Japan. On the form I can select Japan or the UK but Japan won't charge a sales tax so it's obviously a better deal ...
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1answer
177 views

Can a business be charged up to 65% to process credit cards? [closed]

Today I had a service call to get my washing machine working. (The problem turned out to be the lid switch had failed mid-cycle.) When I called for service, the gentleman told me that they don't take ...
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1answer
81 views

Credit Utilization and Score. Early re-payment

I feel like this may result in the same unanswered question but I'm gonna ask it anyway just in case we can get a definitive answer. Does paying off your credit card (before a statement is generated) ...
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1answer
94 views

Why do payment processors meddle with their business partners? [closed]

It's been in the news recently that payment processors are dropping their clients left and right, meddling with small businesses, and not being very upfront about it. In articles that mentioned why a ...
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4answers
464 views

Should I stop payments on my credit card after a chargeback dispute?

I paid $2,000 to a merchant last year. The merchant failed to reasonably deliver on their contract. I asked the merchant for a full refund, no go. I filed a chargeback against Citibank. It was denied -...
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3answers
259 views

How do credit card issuers have enough numbers for virtual CCs?

Virtual / disposable / temporary / alias (all common names) credit cards frequently issue new numbers. How is the cc company able to give out so many numbers? (Especially to a person who uses it very ...
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2answers
464 views

How to build a credit history, for a 78 year old with none? Turned down for secured card

I helped a 78 year old neighbor apply for a secured credit card but he was turned down for having "no credit history". He has had no credit cards for 30-40 years, no credit accounts, nothing. On ...
1
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1answer
121 views

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 ...
2
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1answer
179 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 ...
3
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1answer
103 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
10k 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
137 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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1answer
168 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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2answers
266 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 ...
1
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1answer
139 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
314 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 ...
5
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2answers
542 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
370 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 $...
2
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1answer
184 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?...
5
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3answers
817 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 ...
53
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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 ...
1
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1answer
147 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 ...