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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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229 views

What can someone do with the last four digits of my credit card number, last four digits of my social security number, and my zip code?

I recently got a call from my “bank” telling me that there have been several fraudulent transactions on my credit card. Naively I believed them and gave them he last four digits of my credit card ...
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2answers
3k views

What is Cash Advance APR?

I just got my first credit card. I haven't spent anything on it but I see that the Cash Advance APR is 27.5%. Can someone tell me in layman terms what this means?
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Applying for Credit Card Under New EIN

I have established a new EIN for a sole proprietorship under my name. This business' purpose is to separate my ventures flipping and doing other projects that make money from my personal finances. I ...
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250 views

Is it safe to share the first six digits of my credit card with an immigration company?

I was contacting with an Immigration company from Canada during the call the took all data which they need to start their evaluation. Then, they requested to know the first 6 digits of my payment card....
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1answer
137 views

Can I report knock-off company as scam/fraudulent to credit card company?

I saw a video ad on Facebook for a product that looked interesting and high-quality. (I believe it actually is.) Later, I ordered the product—but I ordered it from a different site than the actual ...
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281 views

Can a victim of a gift card scam dispute Credit Card transaction?

One of my colleagues got scammed for $14,000 by one of the Apple Gift Card scams. He paid $4,000 in Cash for Gift Cards and bought the other $10,000 worth by maxing out a credit card. He's gone ...
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2answers
145 views

Should I pay off a credit card or a collection balance first?

I have a collection and a credit card with roughly the same balance. I received a bonus and I am able to pay off one of them completely. Which is more beneficial to pay off first?
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1answer
115 views

Credit line opened without my authorization

Some company signed me up for this credit card without my knowledge and now the account is showing in my Mint.com credit report and lowering the average age of my credit lines, and hence my score. I ...
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1answer
161 views

Credit card expired and no replacement sent [closed]

My credit card expired in January 2019. I did not receive a new card. I contacted the company on 2/1/2019 was told they had to do a report and I would receive a new card in 7 to 10 days. On 2/18/...
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4answers
366 views

Why does Costco refuse credit card payments from non-Costco members in the United States?

Alice and Bob were doing some shopping at Costco in the United States. Bob is Costco member, and Alice isn't not. The cashier, citing Costco's policy, refused to accept Alice's credit card: Alice was ...
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2answers
127 views

Do most credit cards allow a positive balance?

I have a Visa credit card, issued by a German bank. The card allows me to carry a positive balance and even pays a small interest on it (called Visa Sparen -- Visa Saving). I find this convenient, ...
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3answers
116 views

Do I need to open a credit card to improve my average credit score?

I recently checked my credit reports and score and found out I had a score in the high 630's - this was a shock as I had checked this a couple of years ago and my score was in the high 730's I ...
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7answers
14k views

Can one live in the U.S. and not use a credit card?

The title may not be very accurate. I'm European (Italian) so I don't have a very clear idea of how it works in U.S. My understanding (correct me if I'm wrong) is that the economy there incentivises ...
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1answer
89 views

are there tax consequences for transferring a family member's high interest debt to my 0% interest balance transfer card

I am considering Citibank balance transfer credit card for myself (with a 0% balance transfer offer)and wish to help a family member who has high interest debt and want to transfer their balance to ...
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2answers
196 views

I submitted my credit card number to an unreputable site. What should I do now?

I was shopping for an uncommon item, found a site that claimed to sell it, and placed an order with my credit card (which went through Verified by Visa). Only afterward did I realize that this site ...
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156 views

Does paying minimum on 12 month 0%APR bonus credit card hurt credit score?

I sign up a credit card that has 0%APR for 12 months (plus some cash sign up bonus for spending certain amount in the first few months), and will use it for the purpose of purchasing flight tickets (...
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0answers
27 views

Why is the “cash credit line” lower than the “total credit line”? [duplicate]

In the United States, Bank of America credit cards have both a "total credit line" and a "cash credit line". Why is the "cash credit line" lower than the "total credit line"? (I don't know if that's ...
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8answers
20k views

Can I become debt free or should I file for bankruptcy? How do I manage my debt and finances?

I am 35 years old, single, and live in the US. My income is 78K to 80K after taxes and insurance. I pay $1,500 for rent+utilities, $150 for phone bill, $450 for auto loan, $300 for auto insurance (...
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2answers
89 views

Balance transfer fee

I am getting my first credit card ever and I am trying to learn how it works. I got through most of the documentation but I am trying to understand this: 0% Intro APR for 15 months from account ...
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2answers
4k views

What will happen if I transfer large sums of money into my bank account from a pre-paid debit card or gift card?

I want to use my credit card to put money on a pre-paid debit card, transfer it to my bank account, and pay off the credit card with that money so I can get points. I read that transferring more ...
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2answers
108 views

Ways to alleviate credit card missed payment due to bank problem?

A couple of months ago one of my banks randomly blocked my online account (I just had to call them and tell that I am still alive). Long story short, I called them multiple times and they never ...
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1answer
120 views

Do I have too much available credit?

For some background, I'm a recent graduate doing mostly freelance work while teaching English on the side in France. My freelance work grosses me about $25,000/year, and my job in France is about $8,...
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3answers
201 views

Reversing the credit card model to make it secure

I have read a lot about financial information being stolen, particularly credit card details, because they are stored or at least entered online or at points of sale. It seems to me that the method ...
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1answer
25 views

credit card payback wording

I am applying for a new credit card in Germany and am confused by the wording a bit (I just threw it into google translate). Convenient transfer service We arrange the transfer to your ...
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1answer
75 views

Does using a credit card's rental car protection in case of a damage with car rental result in increase of some premium or extra fees?

Many credit cards in the United States offer some kind of rental car protection (mirror). In case of a damage to the rented car, does using the credit card's rental car protection in case of a damage ...
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4answers
4k views

How does holding onto an active but un-used credit card affect your ability to get a loan?

I was debating with my friend about my old credit card. His view is that holding onto an unused credit card is bad for my credit b/c it will count as potential money I can borrow in an instant and ...
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1answer
57 views

How to check prepaid credit card balance for free?

My card issuer charges 1€ for each balance-check -- since the card balance is often verified prior to online transactions without fees, can I as an individual use a similar method with no additional ...
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5answers
4k views

Is it possible to brute-force or accidentally use someone else's credit card?

Reviewing my bank statements, I noticed that I several months earlier had been charged about 13 GBP by Netflix on my credit card, but only for one single payment (not recurring). I knew that the ...
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2answers
157 views

High credit card debt strategies - while doing R&D and trying to launch your own tech startup

In 2016, I made a series of hasty startup decisions to put large business purchases on my personal credit cards - that's around 80% of my current $150k in open credit card debt. For the most part, ...
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1answer
251 views

Open Credit Card Debt and Salary needed to not go bankrupt

I'm in a strange situation with close to $150,000 in open credit card debt and currently can't make the next payment. (While they were initially low-ish APR's. They are all at 16-27% APR or higher.) ...
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2answers
3k views

Credit Card Repayments

I'm trying to calculate how long it would take to pay off a credit card loan. I've used online calculators, most disagree with what I've worked out, but some agree. I have no idea where I'm going ...
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1answer
186 views

Paid off a US Bank credit card, but they sent two withdrawals - bank account overdrawn

I paid off a US Bank credit card on Friday (~$5000) and today in the morning I woke up to an empty bank account because they made two withdrawals, both for the same exact amount. I talked to US Bank ...
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4answers
237 views

What's the upside of having a heavy credit card?

I see that many fancy credit card are heavier than the typical credit cards. E.g. on https://www.uscreditcardguide.com/the-most-heavy-credit-cards-list/#3AmEx_Platinum_18g (mirror) it seems that the ...
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2answers
208 views

Why do people usually say credit card instead of saying credit or debit card?

For example, when I place an order on the phone or on a web site, they always say 'What is your credit card number?' It's like they assume I only have a credit card when in reality I have a debit card....
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1answer
91 views

Closed credit card from compromise hurt credit score

My credit card was compromised, and the only reason I had the credit card was to improve my credit score. I chose to close the account (since someone was able to use it), but I forgot how ...
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2answers
379 views

Is it okay to under-report my income when applying for a credit card?

I want to apply for a store-branded credit card that offers extra rewards for purchases made at that specific store. I have no intention of using this credit card elsewhere, I intend to pay it off it ...
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4answers
221 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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1answer
104 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
224 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
289 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
133 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
2k 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 ...
2
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3answers
128 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
51 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
283 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 ...
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1answer
84 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 ...
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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
265 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
134 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 ...