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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1answer
74 views

My Credit card company back in January I paid off my balance and had a -1200.00 balance

In January I paid my credit card in full as I do every month sometimes sending money prior to bill showing up if I have used the card a lot, I do not carry balances on my card. but in January I ...
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My credit card company has stopped charging me interest. Shall I inform them?

A few months ago I was checked my transactions online, looking for the latest interest charge, but I couldn't find it. So I called them and the rep said that they couldn't find any interest charge for ...
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1answer
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Is donating money to charities / non-profits with a credit card considered a cash advance transaction?

I'm UK based. I know that credit cards charge extra cash transaction fees for not only getting cash from the ATM but also for things which are not quite cash like crypto, gift cards or gambling. Is ...
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Need formula to create credit card payoff spreadsheet that accounts for additional monthly charges

I'm looking for a formula that I could program in a spreadsheet in order to create a credit card payoff calculator that accounts for recurrent monthly charges. I've been searching for days on Google ...
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What do I need to do to prepare for starting a business? [closed]

I have this service business that I've been working on the backend (planning, relationships, coding etc) for a couple of years but I don't know how I can get the time/money to launch it. I work 40 ...
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1answer
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How do I update my address with Transunion and Equifax and what are they?

I recently applied for a credit card with a bank I had never done business with before. One day I got a confusing call from them. From what I understood Equifax and Transunion have an old address on ...
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60 views

Reapplying for same credit card after collections

My Amazon's Chase credit card bill was sent to collections in March 2019 due to some financial issues I had. I paid off the debt completely in collections and my credit rebounded. My credit card ...
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1answer
129 views

Can an on-line retailer request ID and a photo of the credit card?

Recently while shopping on-line, a store sent me an E-mail to say in short, "The transaction failed to verify, please send us a copy of your ID and a photo of the credit card you used for the ...
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Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

Jurisdiction Australia, but could apply globally for all I know. Looking at major Australian bank websites, their EFTPOS contracts mention nothing about transaction fees being different for small ...
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4answers
233 views

What would most likely happen if you owed money to a business upon completion of a service but realised that you don't have a way to pay?

I came pretty near this situation, but luckily I had an extra debit card (although I would've preferred to use my credit card). I was at a vet to prepare my pet for a surgical procedure, and they ...
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Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account

I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it ...
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3answers
458 views

Do card bonuses lead to increased discretionary spending compared to more basic cards?

Some credit cards offer bonuses on spending in particular categories, such as cashback bonuses or "free" upgrades. These credit cards tend to come with an annual fee. A consumer may ...
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Why would someone get a credit card with an annual fee?

I currently just have a Visa credit card. A place I shop at doesn't accept them. I'm looking at getting a second credit card such as Mastercard. I am surprised by how many highly recommended cards ...
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3answers
106 views

Refund to credit card account with 0 balance

I am due a refund from a company and they are sending back the money to my credit card (the card I used for the original purchase). However my credit card balance is paid off, so how will this refund ...
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1answer
318 views

Are banks in the US obligated to opt you out from Visa Account Updater?

According to a somewhat related question: Shutterstock subscribes to Account Updater, and gets updated copies of your card info when it expires or is replaced. VAU is Visa's version; more info is in ...
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3answers
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Should I open a second credit card just to improve my credit score?

I have one credit card, which is the only line of credit that I've ever had. I've never missed a payment, keep my credit utilization ratio reasonably low, and haven't had any other negative impacts on ...
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5answers
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Why don't most people file Chapter 7 every 8 years?

Please explain to me why more people don't follow a formula like this: Converting all their assets into exempted assets (for which there are tons of options, regardless of your state -- ERISA-...
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3answers
117 views

Paying more than your monthly credit card balance?

When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit ...
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3answers
474 views

Keep secured credit card open?

I am young and want to try to start building credit. The tellers at SunTrust advised that I start with a secured credit card, and eventually I will transfer to an unsecured one. Is the transfer like ...
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1answer
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I'm traveling and need the info on my future business card

I'm about to open a business account, but all providers seem to provide physical credit cards for their business account. At the moment I won't be able to physically present myself at the place of ...
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1answer
49 views

why there is a difference in total emi amount and amount spent from my credit card

I have purchased a watch from an e-commerce portal. The calculation page was like below according to this, I have to pay 919.38 x 6 = 5516.28 But, they said total payable amount is 5278.79 Also, I ...
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6answers
3k views

Do I have to incur finance charges on my credit card to help my credit rating? [duplicate]

Does using a credit card actually build up your credit score or do you have to incur charges by not paying it off for X amount of time to help with your credit rating? If I'm paying it off every month ...
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7answers
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How easy is it to actually track another person's credit card?

In movies and in fiction, government agents, mom's basement hackers, evil villains, etc. often are able in minutes to tell stuff like "twenty minutes ago she rented a boat in Snow Hill" or &...
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3answers
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How should I handle money returned for a product that I did not return?

I purchased a laptop online through the official website, my card was charged immediately after I made payment. The item arrived around two weeks after that. I checked my banking app and discovered ...
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3answers
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Will hard pull affect my credit score even if I don’t currently have one?

Background I’m an international student who is currently on OPT I just received my SSN 2 months ago I have never applied for any credit card at any bank in America I don’t have any student loan or ...
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2answers
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Procedure to get approved, and transfer balance to a 0% APR credit card?

I have the following two credit cards: Credit card A—$2500 balance, of $3000, 10.99% APR Credit card B—$0 balance, of $1300, 19.99% APR I want to transfer the balance of credit card A to a 0% APR ...
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1answer
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Should I use a Apple Card or any credit card recommendations? [closed]

I heard about a Apple card, which has no fees about of any kind. But however, I just want just a plain simple credit card that I can just buy it now and pay the next day or two. Simple as that. Not ...
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3answers
586 views

Sending money to friends via Amex with PayPal UK

With the Platinum Cashback Everyday Credit Card, there is a 5% cashback reward for the first 3 months, up to £100. As such, I'm trying to maximise my spending during this period to make the most of ...
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2answers
157 views

Can a scammer get my whole Debit Card number from the first six and last four numbers? [duplicate]

Can a scammer figure my full Debit Card number from the first 6 and last 4 numbers? Yes, asked and answ... Wait, no, not answered. Does a 5 year old, "You're probably safe, it'd take a lot of ...
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12answers
9k views

How can I break the cycle of taking on more debt to pay the rates for debt I already have?

I'm 30, married, and have a 1.5-year-old daughter. My monthly on-hand income is 71,000 ₹ (INR). These are my monthly expenses: Home loan: 18,428 (Loan amount: 18,50,000. Number of EMI pending: 150. ...
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1answer
429 views

Is it possible to chargeback a “legitimate” transaction which occurred due to a scam?

A family member was recently duped into topping up a foreign pre-paid Visa card, and our domestic bank said they can't help due to them having verified the transaction with a One Time Password (OTP). ...
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1answer
87 views

Does Chase UltimateRewards recognize Travel/Dining spent through PayPal?

I'm thinking of getting a Chase credit card. Chase's Ultimate Rewards boasts 2x points on travel/dining, with 1x points on all other purchases. I make most of my purchases using PayPal, so am ...
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2answers
113 views

I have a department card but the stores all closed

So my questions is there is such a high interest rate on these card that for every hundred dollars I pay it comes out that I am only paying 14 dollars a month. Well if the stores are closed and I can ...
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1answer
106 views

How can I stop the auto-renewal of app after the expiring of free trial? [closed]

İ forgot cancelling free trial and it expired then I removed the subscription on Google play. But the app is still trying to withdraw money.
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1answer
64 views

How to send money to an IBAN bank number from a Mastercard?

I have to pay 1600 Euros for some building work in France where I live, and my french banks are too empty, I have to borrow it from my MasterCard which is still based in the UK. If I call the UK it ...
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1answer
146 views

Tour operator asks for undue money

Some time ago I purchased a trip from a leading tour operator in Germany (I’m resident of a close-by country). They asked me to provide them with a credit/debit card details so they can collect €1000 ...
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3answers
196 views

What are the risks of getting an additional credit card just so my parents get more points?

My father is retired and one of his hobby is to gather as much credit card programs as he can and manage them in a way as to maximize returns and minimize costs. I know that this can be a risky ...
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0answers
42 views

Using multiple credit cards for a single payment in the UK (section 75 protection)

How can someone buy a product which is over each of its credit card limits, but less than his total credit? Suppose that I want to buy a car, which is £4500, and suppose that I have three credit cards ...
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3answers
190 views

Cash back credit cards: what's the catch?

I had a 1% cash back credit card. It gave me $1 back for every $100 I spent. I don't believe in easy free lunch. What's the catch? What do I lose from these cash back programs? I can't think of any ...
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5answers
10k views

If a bank fails, will debt be wiped out?

I have debt to Capital One. If they fail, and whoever the trustee is fails, will the debt eventually get lost in bankruptcy proceedings? Considering the Lehman bankruptcy is still ongoing, well past ...
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2answers
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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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2answers
332 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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1answer
61 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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1answer
60 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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54 views

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
286 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
268 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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13answers
7k views

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
94 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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4answers
385 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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