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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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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 ...
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1answer
111 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
268 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
64 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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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
48 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
132 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 ...
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8answers
14k 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
121 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
152 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
59 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
170 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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47 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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54 views

Average Credit Age vs. Number of Accounts

I'm looking to apply for another credit card. I have a few specific ones in mind, so I'd like to build some credit history before I apply. I've been told before I don't have enough "credit history". ...
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1answer
91 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
454 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
253 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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0answers
147 views

Google refuses my prepaid credit card. Can they do that?

In my country, credit cards are uncommon, we use debit cards for day-to-day purchases. I do have a pre-paid credit card to make online purchases. Recently, I tried to add my card to the Google Cloud ...
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2answers
450 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 ...
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1answer
116 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 ...
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1answer
173 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 ...
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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
134 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
163 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
262 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 ...
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1answer
107 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
313 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 ...
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2answers
446 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
303 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 $...
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1answer
118 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?...
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3answers
765 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 ...
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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 ...
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1answer
141 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 ...
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2answers
332 views

Proper response to restaurants taking extra tip?

When visiting full-service restaurants in some places (this seems very common in the US, for example), the server brings a check at the end of the meal detailing the amount owed for food and drink and ...
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1answer
178 views

EU Merchant asking credit card details on paper form, violation of GDPR?

An EU Merchant (based in Germany) is asking me to fill up a form with credit card details in it (card number, CVV, expiry date), then print it, sign it, scan it and then send them the scanned copy. If ...
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2answers
374 views

Is it a reasonable request for $1,000 credit limit increase?

I currently have the Barclay Apple Rewards credit card which I received on 06/2018 with a $1,000 credit limit. I used it to finance the purchase of a $950 iPad for school. I was given 12 months to ...
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3answers
262 views

Can you hurt a nonexistent credit score?

I am a student, I just started my sophomore year. I have always been very financially responsible. Now, I want to start building my credit, so I did my research and applied for a student credit card. ...
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1answer
101 views

Credit Card Interest Rates

From what I can see, the going fixed interest rate in the US and Canada with Visa, and MasterCard is about 20%. I almost never see a card with a lower interest rate than this. If I do see one it is a ...
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2answers
95 views

Is there any disadvantage to applying for a credit card through a website's affiliate link?

I've researched a number of credit cards and I found one that I want to apply for. If a particular website was helpful in my decision process, is there any downside to applying for the credit card ...
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1answer
103 views

How does a pre-approved credit card offer, affect the probability of actual approval?

Facts My cousin in high school has ≤ $500 in her HSBC Canada accounts, and has never had any income or job. She has had only 1 Secured Credit Card with a $300 limit. She spends ≤ $90/month, and ...
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2answers
5k views

Credit card number masking - good practices, rules, law regulations?

Usually when I enter and save my credit card number in online shop or mobile app, only last four numbers are shown as a reminder. Example (not actual digits): Your card: **** **** **** 1234 Recently ...
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4answers
22k views

Bank claims debit card was physically scanned - half a continent away. What could have happened?

I have had the same debit card for several years, and I've never had a problem with any fraudulent charges until yesterday. I am careful about where I use my debit card number online, and I am fairly ...
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9answers
15k views

Is it legal to invent “artificial” bills to build credit?

EDIT: This question was based on a misunderstanding of how credit is built. However, the concept of moving money on a credit card without spending anything still has other potential benefits (such as ...
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1answer
76 views

Can my other Chase credit card points use the 3x multiplier of the CSR card?

I have two chase credit cards with over $300 worth of points and will open another Chase card next month, the Chase Sapphire Reserve (CSR). I am wondering if my existing Chase points will get the 3x ...
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1answer
55 views

How does a BIN database categorize cards as a combination of credit or debit and pre-paid?

On one of the BIN databases available on the internet upon will tell you whether the card is Credit or Debit and if it is a Prepaid card or not. So the possible combinations are: Credit Debit Credit ...
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1answer
126 views

Credit card - with what delay can it be charged?

Assume you buy something and pay by credit card. Does anybody know how much time the vendor has to charge your card? Is it still legal if the vendor doesn't charge you immediately, but after months? ...
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1answer
215 views

Credit card transaction still not shown after 10 days. Does it time out? Is it my luck?

Ten days ago, I paid for food on a train. I paid by credit card, signed the receipt (old style), and received my food. So far so good. On my online statement, this transaction does not show ten ...
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9answers
4k views

What is the easiest way to know if I'm paid up on my credit card?

My credit card has two balances, like I believe most do, the statement balance and the current balance. I'm aware of what both these mean. Each month I pay my statement balance off completely to avoid ...