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
226 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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4answers
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Is it legal to use casino to gain bonus points or rewards on credit cards?

I'd like to know if this scenario is legal: Walk in a casino and buy chips with a credit card for the maximum limit on that credit card. Change back all those chips in cash money. Deposit the cash ...
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4answers
327 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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4answers
305 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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3answers
101 views

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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2answers
70 views

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
642 views

Approved for a Credit Line of $700 BoA

I'm 18, and I recently applied for a Credit Card at Bank of America. I applied for the BankAmericacard Cash Rewards Platinum Plus Visa, I got approved for a credit line of $700, I was wondering how ...
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7answers
378 views

Why is proof of income requested for certain loans but not others?

I have over 100K in credit available, and have NEVER been asked for proof of income. In fact, my income is far below 1/8th of my credit line. I can probably buy a Rolls Royce with credit, which is the ...
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1answer
98 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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0answers
27 views

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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2answers
470 views

What can I do if I believe I made a debit card purchase from a fraudulent 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
7k views

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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2answers
249 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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4answers
210 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
271 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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9answers
11k views

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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5answers
1k views

How to manage multiple credit accounts balances?

I have a dilemma understanding how and when I should pay my credit balances. At the moment I am using two credit accounts, one is from BofA and the other is from Discover. I always keep paying the ...
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1answer
104 views

How do credit card companies decide the credit limit of a newly issued card?

If someone is applies for a new credit card and gets approved, the credit card company will start them with a given credit limit. What is this limit based on? Is there a way to negotiate a higher ...
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1answer
122 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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3answers
200 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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5answers
188 views

Do “authorized user” credit cards contribute to establishing credit in the eyes of a credit card issuer?

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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1answer
16k 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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1answer
171 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
75 views

Secure transactions (on or off the internet) with a credit card [closed]

How can I make credit card transactions secure? I have read about how hopelessly insecure credit cards are, and was wondering if there is a solution. I am in the UK Some things that I have found, ...
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0answers
67 views

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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4answers
5k views

How do I figure out who issued a credit card from just the first 4 digits?

I had a big refund issued to an old cancelled Visa card. The merchant gave me the first and last four digits. How can I find out more about this old card? Merchant said the refund had been accepted ...
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2answers
112 views

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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2answers
87 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
67k views

Can't pay with PayPal balance, only shows credit card to pay with

I have about $460 USD in my PayPal balance, and my account is verified. I tried to order a flight for about $400, but the only option PayPal provided is to pay from credit card. I called the flight ...
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2answers
184 views

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
165 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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64 views

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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2answers
93 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
174 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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1answer
114 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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1answer
61 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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1answer
97 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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1answer
79 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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13answers
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 ...
4
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1answer
114 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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1answer
283 views

14/45 day notice

On 1 March I receive the 45-day notification stating that higher interest rate will be charged on any new transactions made after 14 days from the date of the notice. On 10 March I made a $100 ...
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3answers
148 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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3answers
521 views

0 Percent Intro APR, is it a misnomer?

(Read the normal print for an amusing story, skip to the bolded text for more important info) To begin, I'm a scallywag. I saw that card offer in the mail and did some digging because I'm not used ...
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1answer
50 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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2answers
156 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
95 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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0answers
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
178 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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