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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3answers
90 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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1answer
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Loaning money to your small business by billing yourself and paying with personal credit card?

Can you loan money to your own small business by billing yourself and making a payment to it with your personal credit card? How would the accounting work on that? The business isn't actually billing ...
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What is the effect of closing an account immediately after it is opened?

I applied for a credit card, intending to use an offer for no interest for X months on a purchase from the retailer offering me the card. They accepted the application, but informed me that I couldn't ...
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Is it safe to donate on this website using credit card details? [closed]

https://secure.letsendhardshiptoday.com/donate-yemen-fru-rt/?gclid=Cj0KCQjwmdzzBRC7ARIsANdqRRmWWUe4jNFJD62k4BTw84ko7iElen7ghMEg0O_RqIegwEG1XFG-RHsaAiuzEALw_wcB Above is link of a florida based Ngo ...
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How, or should I repay debt during Covid-19 crisis?

During Covid19 pandemic I managed to save some money and I was thinking about repaying some of my debts, however, I'm not sure should I do it, or keep cash just in case things turn for the worse. This ...
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1answer
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Am I less likely to get approved for credit during the COVID-19 pandemic?

I've been thinking about applying for a new credit card or two, as I've been building up credit for awhile and basically all my hard pulls have fallen off of my credit report. Given that COVID-19 is ...
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3answers
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Why are debit cards treated as a second-tier pay card (at best) whereas credit cards are first-tier?

I have a debit card, meaning I am 100% guaranteed to actually have the money or I can't use the card to pay for the transaction. It will refuse, even if it's just 1 cent over the amount I currently ...
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2answers
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Refinance Mortgage to conventional loan to drop PMI

I refinanced my mortgage last year out of pure necessity. I had decided to build a 1 bedroom apartment out of my un-used garage space and the construction costs went way over budget. To add insult ...
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4answers
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Is there such a thing as a truly preapproved credit card or loan?

I receive quite a few "preapproved" credit card and personal loan offers in the mail. These invariably include an application form and a disclaimer that the card or loan might not be granted if ...
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Credit and Debit Cards Stopped Working in Spain

I'm currently travelling in Europe with a VISA debit card for a Charles Schwab Checking Account as well as an American Express Bonvoy credit card. Both cards target travellers and don't usually ...
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Amazon gift card scam

Recently, I was scammed for several thousand dollars in Amazon gift card scam. I received email from Amazon.com that "several thousand worth of electronic goods will be delivered in next 2 days. If ...
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Does credit score history matter for credit card application?

in the US, if one's credit score has only recently improved within a very short time, would one be less likely to be approved than in the case where it had been at the current level for a long time?
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How can I pay off a charge on my credit card over several months without paying interest?

In this answer, RonJohn describes a method of paying off credit card debt in such a way that large balances can be carried over from month to month without incurring interest. I don't follow the ...
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1answer
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Does Schufa know how much you use your credit cards?

I read that if you use your credit cards, you build credit. I also read that if you get credit cards, your creditworthiness suffers. Both of these seem to make sense. Doing the former means that you ...
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1answer
162 views

Should I worry about credit utilization if I always pay in full?

I just got my first credit card (several months ago)! I'm reading about credit card best practices, and I see credit utilization over and over again. One site that really got my interest is this, ...
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Should I apply for a new credit card once the promotional rate on my current credit card expires?

I used to have an average/low credit rating (experian) because I never had any lines of credit. I got a Barclaycard on a promotional offer, so for a year they have not charged me any interest for ...
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Is bill pay from brokerage to Credit card account possible?

What are the regulatory limitations [in Wisconsin, US] that prohibits one from paying one's Credit card bills directly from one's brokerage account?
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1answer
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Authorized user on parents credit card, will it affect credit?

My sister just applied for a credit card and got denied. Shes never had a loan, always paid her current credit card in full every month, and should have essentially perfect credit (though maybe not ...
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1answer
217 views

How to cancel a credit card you currently have debt on if the bank won't respond?

Several months ago, I got a credit card from Santander. I've tried many times to get their app Santander Sign set up and after about two months, it finally worked. But I still can't sign in because ...
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2answers
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Deposit hold for over a month in Credit card

I have recently rented a car for about a month and one thing just came to my mind. At the rental office they took a very high deposit into my credit card (I have a foreign license, this happens in ...
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1answer
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How can I prevent Mastercard fraud protection from blocking legitimate purchases?

I have a Mastercard and use it to buy books. I buy a lot of books, over $100,000 per year easily and it is not unusual for me to buy, say, $5000 worth of books on a single day from multiple vendors ...
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Why don't you need to pay taxes on cash back bonuses?

I have a Discover credit card that pays 1% cash back on and 5% on select categories. My question is: why isn't that cash back "bonus" taxed when stuff like canceled debt (1099-C), interest (1099-INT), ...
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1answer
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Does cancelling a credit card affect my credit score?

Recently I realized I haven't been using a credit card at all for purchases, and an annual fee would start to bite at my bank account for basically no reason - so I called up the card number to cancel ...
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1answer
187 views

What happens if someone signs up for Netflix on a locked credit card?

When you lock a credit card, recurring auto-payments will continue to get paid through the card. What happens if I use a locked card to sign up for Netflix? Will the payment after the "free trial" ...
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2answers
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How can a debit/credit card PIN be updated remotely?

Certain banks (like Capital One or NAB) offer to change a debit/credit card PIN remotely, from an app or the bank's website. However, it seems to me that the PIN is also stored on the chip of the ...
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9answers
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What are credit cards, debit cards, and other types of cards?

This question right here and the plethora of comments in it reminded me of something that I've found annoying for a long, long time. Seems that depending on where you come from the terms "credit card" ...
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7answers
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Debt management: 0% CC APR for 15 months vs 7% student loan debt

About me: I make about $3330 a month from my job after taxes. I'm currently $72,500 in debt from student loans, 7% APR. I have 0 other forms of debt (I live with my parents and bought a used car for ...
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12answers
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What are the pros and cons of a credit card for a European?

I have a bank account, with some savings. Enough to cover every expense I could have to face without delay. I also have a debit card, which I use for my offline payments, a Paypal account for most of ...
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5answers
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Whose responsibility is it to handle an over-tendered tip?

Suppose I go out to eat and I pay for my meal with a credit card. I sign the receipt and when the server goes back to finalize the transaction, they put way more money for the tip than I did. At ...
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1answer
323 views

Why are card security codes always in a certain italic font?

I have around 10 different credit + debit cards from different banks, and while they can each have their own font/styling for the 16 digit sequence, all of them have the security code written in this ...
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934 views

Sugar daddy needs pictures of my credit card — scam or not?

I met this guy. I've been talking to him for two weeks. I'm too shy to meet him. He wants to pay my credit card. To pay it he needs a full picture of both sides on my credit card. Do I give it to him ...
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1answer
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Is it possible to use the credit card BIN to find the bank's ABA?

I am trying to determine the correct institution ABA based on the credit card's BIN. There are several resources which can determine bank's name and some other info based on the card BIN but many ...
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2answers
209 views

Most surefire way to keep yourself from using a credit card

I have gotten myself into trouble with credit card debt, $XX,XXXX. Never been very good with money, three cards decided to hand me stupid limits and now they're all maxed. The only upside is I'm ...
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4answers
398 views

Paying Credit Card After Cash Back Credit

With a credit card, are you obliged to pay the statement balance or the current balance? For the period ending Jan 12th I have a statement balance of $200 (payment due Jan 30th), on Jan 16th I ...
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2answers
218 views

Credit cards: Is it worth using the interest-free period on a second card?

I am about to start a 12 month part-time course, requiring variable but monthly payments. To maximise my budget I want to pay for it via credit card, but am trying to understand which method will end ...
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2answers
190 views

Credit utilization ratio, in practice

So, I am new to the US credit card system, and I have read about the credit utilization ratio around. Everyone talks about it as being the percentage of your current balance over your current credit ...
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2answers
142 views

Purchase/money/allowance management for teenagers

I have two kids older than 13 but younger than 18. One is 16+. As they start making their own purchasing decisions, I'm trying to set things up to be convenient for everyone. My current problems are: ...
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1answer
114 views

Do I get charged any fee if pay my Chase Amazon prime credit card bill from Bank of America?

I have a bank account with Bank of America. I am planning to apply for the Amazon Prime rewards credit card by Chase. Do I get charged any fee if pay my Chase Amazon prime credit card bill with auto ...
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1answer
347 views

Should I save up my credit card points?

I earn points on my credit card and can redeem them at one cent per point, so if I have 10,000 points, I can deduct $100 from my bill. Is there any advantage to saving my points and spending my ...
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1answer
266 views

Is selling tradelines safe?

I recently learned about selling tradelines. As far as I understand it users with credit cards with long credit histories and large limits sell authorized user positions to people looking to improve ...
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0answers
155 views

Can a credit card machine refund to a different card than the one inserted?

I purchased a $279.99 holiday feast from Whole Foods online. When I inquired as to what time I was to collect the meal, they said I didn't have an order. One week later, my card was charged. I ...
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2answers
214 views

Is Amex not welcome or it's only my idea

I just applied for a new (free) AMEX, but the first 3 transactions I tryed on it were declined because the shop "does not handle AMEX". All 3 went flawlessy on my debit mastercard. Are shops allowed ...
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9answers
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Negative balance on Credit Card

Some mates and I have the amount to cover the cost of an item but have a credit limit lower then the price. The purchase has a hard requirement that the payment method is a credit card. So, my mates ...
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1answer
2k views

I've made a bill pay for my credit card after my statement was ready. Now my balance is doubled minus from begining

I got my statement at 21 of December, but was at flight, and I had -35.5 USD balance on my credit card. Next day (22) I made a payment (by 2 transactions) to hit it to 0, and set payment to be ...
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2answers
488 views

Paying Off Credit Card, Scam? [duplicate]

I have someone who wants to pay off my credit card for me and all he asked for was my username and password for my online account to make the payments. I’ve checked my account and I can’t find any ...
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2answers
240 views

How to prevent credit card number from being stolen?

I have a small business, and my credit card number for the business was recently stolen and used for two purchases: (1) a burger place in my home town of Boston and (2) a Walmart in Arkansas. I was ...
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Is a credit or debit card refund is technically-speaking the same as a wire transfer?

I am trying to figure out some categories to encompass some sort of money transfers / transactions but my banking "expertise" is falling short. Ok what I am trying to group are the things below: ...
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2answers
305 views

I don't understand secured credit cards

I was trying to explain to people in Europe the obsession with the credit score in North America and the topic of secured cards came up. I know the concept, but unless the goal is to abuse people in ...
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1answer
142 views

Cannot pay enough to mitigate late/overdue fees on credit card. What is the best way to handle this?

I've tried working with a credit card company over late fees/debt. I can of course make some payments, but they're always lower than the overdue fees they continuously charge. In other words I'm ...
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1answer
95 views

What happens when I make a purchase on a credit card after the promotional purchase window but before interest is due?

Sorry for the poor question title. I couldn't think of a better way to word it. Suppose I have a credit card that offers a promotional no interest for 12 months on purchases made in the first 60 ...

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