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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71 views

Merchandise not received. Was I scammed?

Two weeks ago I generated a one time usage virtual credit card number for $80 and I ordered a battery power pack from an online web site. The payment was confirmed to an AOL address. Suspicious but ...
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Will a high interest rate consolidation loan improve my score enough to get a low interest rate loan?

As documented elsewhere, I'm paying off debt on credit card accounts totalling roughly 15K and at an average interest rate of roughly 20% My ultimate goal is to get a loan in the 5-8% range with fixed ...
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1answer
157 views

Chances of 23 y/o getting approved for a £10k credit card to buy a car?

So my old car has had its time and I'm looking to buy a 3-4 year old car for around £9-10k. I have personal savings exceeding this amount so buying in cash is an option, however I have recently ...
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56 views

What is the formula for calculating the months till pay off of a credit card that includes the APR?

I'm playing around in Excel attempting to get the total months to pay off a credit card. I'm not looking to pay off by a certain date. I just want to know how long it will take me to pay off what I ...
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54 views

How long does it take for a major payment to influence better terms on credit cards or personal loans?

I have ~$10K in cash "thanks" to way overpaying IRS the previous 2 years. I'm not very good at doing my own taxes, apparently. I can use it to pay off some credit card debt, which is ...
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How to distinguish if company is using first or third party payment processor. Mastercard transaction

I was the victim of a scam and fraud where a service was not provided. I have had information returned from the credit card company as part of the dispute. is anyone able to acertain or deduce from ...
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4answers
217 views

Does a physical POS terminal expose my full bank card number to the merchant?

In theory, POS terminal communicates directly with the acquiring bank and has no need to tell the merchant my bank card number, cardholder name or any other details. The paper receipt I get contains ...
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2answers
254 views

0% intro APRs complicating payoff plans

So I'm in not-the-best™ position with about 15K in undesirable credit card debt (And another 5K in permanent no-interest deferred payment plans). I'm trying to calculate what the optimal payoff ...
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What prevents people from using cash back credit cards to generate a revenue stream?

Suppose that a consumer has access to a credit card having the following properties: The credit card agreement includes a "cash back" rewards program. The consumer receives 1% cash back ...
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1answer
84 views

What does “foreign currency” mean in this context?

I'm looking to sign up for the Chase Freedom Unlimited credit card as I'm about to make a >$500 purchase and would like to receive the $200 bonus offer. This purchase would be made on a foreign ...
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355 views

Stuck in a debt of 3 credit cards

I have 3 credit card and I have utilized the funds of these cards 100%. Now I need to pay back the amount to bank. I am from Pakistan and the currency is PKR. Here is the stats: Card 1 - 4.5K (cash ...
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The most efficient way to pay off loans/credit? [duplicate]

Supposed you have a fixed amount of money to commit every month to debt repayment... well above all minimum payment requirements. All other quirks and conditions being equal. The only differences ...
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Where can I get the current and past curreny exchange rate for Mastercard/VISA? [closed]

I'm looking for the current exchange rate for two currencies using Mastercard and VISA. Neglecting any currency exchange top-up which might be charged by the bank. In the best case a public API or a ...
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1answer
155 views

Reason for a 1p pre-authorisation charge for a car park

Pretty much what the title says. I understand the need use for a pre-authorisation charge for certain services where a service or product is given before it is actually paid for (some hotels where you ...
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Money Transfer Question [duplicate]

I am trying to perform a landscaping job for someone. However, they are telling me that the ex-owner of the house he is trying to buy does not accept credit cards. He is asking me to pay for the ...
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288 views

What happens if you don't pay your credit card debt in Germany?

Thanks to COVID-19 I've lost my job, and I spent my money right and left very stupidly, and now I am in credit card debt of €3000. The bank blocked my account due to nonpayment for 3 months, and today ...
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Did I discover an easy way to make money via PayPal and cashback credit card? If so, is it legal and is the money taxable?

Here it is: I send money to a family member via PayPal using my credit card, PayPal charges a fee but the cash back I get from the PayPal transaction exceeds the PayPal fee, my family member sends me ...
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1answer
272 views

Does credit card cash back count taxes?

If I have a 1% cash back card and spend $100 plus $6 sales tax, do I get $1 cash back or $1.06 cash back?
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Email asking for CVV, two days after I make a purchase?

Two nights ago I made a purchase from a website, and it didn’t ask for my CVV. Now, I woke up to an email asking for it. It hasn’t gone through my account yet. Is this as shady as I’m making it out to ...
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131 views

What happens with fraudulent transactions on my credit card? Do the fraudsters win, at the expense of the bank?

I have a credit card account with Barclaycard in the UK. A few weeks back, I wasn't able to log in to view my account online. I called them, and they said the account had been locked due to some ...
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Can I reverse a payment and re-pay with a different debit/credit card?

Generally speaking regarding most major merchants. I accidentally paid for something at a grocery store using a card I did not intend to use. Would it be reasonable to return to the store with the ...
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3answers
240 views

How exactly does paying your credit card balance in full increase your credit score?

Does anyone know how a credit score increase is calculated based on paying off credit card balance(s)? In addition, is it cumulative balance or just the balance at the end of a billing term? For ...
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92 views

Received dispute credit and refund

I had booked a flight with an airline through my chase credit card. It was a connecting flight and the airline canceled one of the connecting flights but didn't cancel and refund my trip. So I tried ...
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1answer
186 views

I bought books from an online shop but it performed a direct debit on my credit card. What should I do?

Yesterday I bought two books and paid by credit card. However I hadn't received an SMS confirmation at that time saying that I did an online transaction which I requested for every online transaction ...
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If I get a credit card that will give me a higher credit limit if I make on-time payments, will it carry over if there is no balance?

So, I got a card, and let's say I was approved for $300, but the creditor promised to increase it to an actual credit line if I made five on-time payments starting in April. So, I make a few payments, ...
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181 views

Best Buy bait-and-switched me into applying for a credit card, how and when should I cancel it?

I'm buying a new $3,000 fridge from Best Buy and during the check-out, I was offered the opportunity to apply for a store card in exchange for a 10% discount "on first day of purchases". I ...
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2answers
95 views

How do I know if I'll receive the Chase Freedom Unlimited sign-up bonus offer?

I recently signed up for a Chase Freedom Unlimited® credit card with the hopes of qualifying for the bonus. My application for the card was successful, but I didn't see any mention or confirmation of ...
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1answer
118 views

Can debit cards be billed like credit cards?

In Amazon Web Services (AWS) if one provides the credit card ,that person is billed for the resources the person uses. However if the person registers with debit card will AWS be able to do so?
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63 views

How credit card billing works?

On many websites like Amazon Web Services offering pay-as-you-go and on demand pricing the websites charge the credit card. How does this work? Can they charge any amount if they wish? What if bill ...
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4answers
301 views

Credit score dropped 73 points after applying for a new card?

Why did my credit score drop from a 762 to a 689? According to creditkarma I got hit with: JPMCB-Card Service: Opening a new account can temporarily lower your score because it adds a hard inquiry ...
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1answer
210 views

Can you legally keep topping up a pre-paid card with a credit card on a monthly basis to borrow money while earning points?

Having 2 credit cards, one of which is pre-paid, can someone keep topping up the pre-paid card with the other on a monthly basis therefore earning points? I am asking because in this way you can ...
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1answer
98 views

How are 3rd party services able to determine if a card is a prepaid or a credit card?

Prepaid cards typically advertise being usable anywhere that (Visa|Mastercard) is accepted, and yet I've noticed an increasing number of places online and physical which accept (Visa|Mastercard), but ...
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83 views

Is using a firewall debit card (curve) a good solution to protect my main credit card?

I'm using Curve, a physical debit card that connects all your credit and debit cards in one and let you decide which one to use at each transaction by using its own app. I've used it with my lower ...
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4answers
311 views

Is this method of getting free money viable and consistent with law?

A lot of credit cards these days give you an interest free period, say 24 months. They also allow you to transfer debt for a small fee, let's say 4%. This means if you keep the moving the debt around, ...
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1answer
115 views

What's the point of the temporary statement credit “special” offers on existing credit cards?

Every once in a while, my credit card will have a "special limited-time offer" in the form of a additional statement credit on a specific purchase category. For instance, the most recent one was a 2% ...
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9k views

How can a client pay me for freelance work if I don't want him to know my name and he is uncomfortable using bitcoin?

I've been contacted on a specialized Internet forum and offered a well-paid one-off job to translate a highly specialized text, and I'm happy to accept the offer, but there's a problem: I have always ...
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3answers
150 views

Does a bank look unfavorably on someone who pays off their credit card as soon as the introductory period ends?

I have a card for which I had a 0% intro period in which I carried a balance of around $10k, until the intro period ended. Then I paid it off in full so that I have a $0 balance - from $10k. I'm sure ...
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1answer
52 views

Can I renegotiate desirable rates and terms on a paid-off credit card?

I would like to keep and use my business credit card, but I do not need it. I paid off around $10k today which took my balance to zero, now that my 0% introductory rate has ended. (The card is around ...
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159 views

Using credit cards to pay personal loans

Personal loans issuers won't allow you to use a credit card to pay your loans. Is there a way around this? I have lots of credit card with good amount of remaining credits. And I have very high ...
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1answer
56 views

Why would a bank no longer offer cards linked to multiple accounts?

I have a card from my (Australian) bank which is linked to both my credit card account and my day-to-day savings account. When I use it in an ATM, I select which account I want to transact upon. It ...
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1answer
111 views

Lost money on credit card refund due to exchange rates & fees

My CC had an unauthorized charge by an overseas service I was undergoing a free trial with. They apologised and refunded that amount (and I subsequently cancelled the free trial), but I lost money due ...
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37 views

Cash Advance Interest

I understand cash advances accrue interest from the very second they're made, but I don't understand why my credit card company continues to charge me cash advance interest after I've paid my account ...
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1answer
72 views

Denied credit based on student loans in deferment

I have had a secured credit card with my credit union, Self-Help FCU for 6 years. Every so often, I add more to the deposit, and it is now at $1750. I recently asked them if I could take the deposit ...
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1answer
150 views

Can I dispute airfare charges if the flight is cancelled?

I booked a flight for my parents with Air India for international travel to/from India and USA. The travel date is in June from India to USA and the return date to India is later on in November. Due ...
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Credit card balance increases before transactions appear

I have a Chase credit card. If I log on to Chase's website on a given night, my balance will increase before transactions post. For example, at 8pm the balance will go from $500 to $720, and then ...
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155 views

Can a thief who acquires a credit card number trace this back to PayPal and exploit the PayPal account?

A friend reports that their credit card number was stolen and used to purchase an iPhone. They also report that nearly simultaneously, a large transfer from their bank account to their own PayPal ...
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1answer
203 views

Are there major credit cards without expiration dates?

One of the most annoying things to me about credit cards is the expiration date. Whenever my card expires, I have to call or go online with half a dozen merchants to "update" the expiration date to ...
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1answer
133 views

Paying for deceased parent's final expenses

My father recently passed away, leaving my disabled mother on her own. She is unable to manage her household affairs, so I will be doing so until I can secure a stable arrangement for her care. I ...
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2answers
192 views

Is it normal for a credit card company to put an account in good standing on hold for a “review”?

A few days ago both of my credit cards from Chase stopped working. I received no sort of notification from the company that any action was being taken. Both accounts are in good standing, far below ...
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214 views

Making minimum payments on a credit card vs paying in full

I wasn't sure what to title this question. I am new to building my credit score and using credit cards. I am hoping to clear up a few questions I have. One is, if I purchase something on my credit ...

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