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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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2
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1answer
99 views

Is it normal to be asked to include detailed financial information on a home rental application?

I'm submitting a rental application for a privately-owned townhome in North Dakota, US. The application asks for more detailed financial information than I have ever had to provide on past ...
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0answers
27 views

Bank Investment Data in USA

Is data on investment practices of banks publicly available? If so, how can it be accessed? If not, are there any strategies to determine how a bank invests it's money?
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2answers
107 views

Figuring out a way to reduce credit card spend due to memorizing the card number

I have been fairly good at controlling my credit card spend, but occasionally I spend more than I intend (online). I am not in any kind of debt, and I come out positive at the end of the month, but I ...
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2answers
49 views

Getting a refund with different-currency credit card

If I have a US Credit Card and I make a purchase in Canada, I know I won't get the BEST exchange rate. But if I return whatever I purchase and the store initiates the refund process, will I get a full ...
0
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1answer
54 views

Avoiding currency exchange fees on credit card security deposits

I recently did a warranty exchange with a $25 service fee: I gave $500 deposit on my VISA card. They shipped the replacement. I returned the old item. They refunded $475 to my VISA card. which from ...
0
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1answer
70 views

How to handle taxes by using credit card app (Square)

My old workplace wanted to contract me in to help with some on going issues they had. They ended up having me sign up to square which is a credit card service that charges a small fee when you charge ...
5
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2answers
280 views

Why do I have to accept a lower rate on my credit card?

I opened a credit card a few years ago and have been making full on-time payments the entire time (it's never carried a balance). I logged into my bank today and there was a page that said I have ...
0
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1answer
111 views

Used car loan and number of credit cards

My credit history is almost 6 months old and I have a score of around 700 now. I got my first credit card 6 months ago and two weeks ago I got another credit card. Last day I got prequalified for a ...
2
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1answer
179 views

Card Locking and Credit Score

My wife and I are trying to build up her credit, so we decided to: Add her as an authorized user to my Card A, which is about 10 years old and currently my only form of credit. I'll call hers Card B ...
5
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2answers
2k views

How often to check credit card statement

How often should a person check their credit card statement to make sure that they don't fall victim to a wrong charge or cc fraud?
32
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7answers
123k views

Can I open a US bank account even if I don't live in the country?

I'm Swedish, but living in Switzerland at the moment. Can I open a US bank account? Either when in the US on vacation or through the internet/phone? There are lots of situations when I find myself in ...
9
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0answers
252 views

Are banks discontinuing single-use virtual credit card numbers (like BofA's ShopSafe)?

I found this old question / answer that refer to the same problem: I used to generate a new virtual credit card number with BofA's ShopSafe service, set the credit limit / expiration date and I could ...
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2answers
778 views

UK - wife declined for credit card due to pregnancy

My wife was recently declined for a credit card based solely on the fact she is 6 months pregnant and will soon be on maternity leave. The scenario details are as follows: Application was made in ...
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8answers
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Would the minimum payment or full CC amount be considered monthly debt?

Based on Is rent considered a debt? The question of: What is your total monthly debt payment (e.g. student loans, vehicles, credit cards, personal loans, etc.)? got me thinking. If you rack up $...
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1answer
186 views

US hotel asks for CVV when checking in

I have reserved a budget motel in the US over booking.com. I live in Europe. Upon checking in, I was asked for my ID and credit card, like everywhere else. For a bit of increased security, I've ...
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7answers
10k views

Charges from Dollar General have never shown up on my debit card. How can I resolve this?

During the summer of 2016 I lived by a Dollar General and went there about once a week. I only had a debit card then and paid for everything this way. DG was notable in that I never had to enter my ...
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4answers
7k views

Do businesses save their customers' credit card information until the payment is finalized?

Paying by credit card is sometimes a multi-step process. In some of those cases, only the initial authorization is made at the point of sale; the finalized transactions are usually entered as a batch ...
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4answers
4k views

Credit card minimum monthly payment

I am opening a new credit card and am not sure exactly what this clause means: Your Minimum Payment Each Month. Each billing cycle, you must pay at least the Minimum Payment Due shown on ...
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2answers
79 views

Applying for first Credit Card in USA (International Student/Teacher)

I have been in the U.S. for the past 1 year and since then I just have a Wells Fargo Debit card. Recently I tried to apply for an American Express credit card (applied online) but I got rejected. ...
12
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1answer
359 views

Verified by Visa - payment site is asking for social security number

I've wanted to pay a merchant in the European Union. We've done business with that merchant for over 10 years and they are absolutely trustworthy. They handle their online credit card payment service ...
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3answers
199 views

How do I transfer funds from MY OWN card to MY OWN personal bank account?

Would anyone please be so kind to explain me how (where) could I transfer funds from my own debit and/or credit (particularly debit) card issued by X bank (USA) to my own personal checking bank ...
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2answers
153 views

Is it safe to give credit card first 6 numbers+ last 4 over email? [duplicate]

A company that I had previously had a subscription with and cancelled continues to charge me, so I contact their support team and they say that their system shows me to be cancelled. They have asked ...
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1answer
159 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 ...
2
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1answer
93 views

Change credit card, keep age of credit line?

I have two credit cards that charge fees and have significantly downgraded their value to me. In both cases I would like to switch to no-fee versions of the same card, but I don't want to reduce my ...
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0answers
110 views

Paying by credit-card online without transmitting your real name (in Europe)? (state authorities tracking/verification are no problem)

I’m looking for a way to make online purchases (video games/streaming-services/etc)/donations without transmitting my name/similarly identifying info. Apparently in US you could use privacy.com or ...
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1answer
90 views

Declining Binding Arbitration on credit card accounts

Recently Chase was making a change to its user agreement and was automatically assuming your consent to abide by binding arbitration unless you opted out explicitly by sending them a snail mail with a ...
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4answers
349 views

Will my credit score go down if I don’t borrow money for few years?

My credit score is relatively high. Due to personal circumstances I don’t intend to use my credit cards for the next 3 years. I won’t be getting any loans either. At the moment I have no debt at all, ...
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10answers
19k views

I won USD 50K! Now what should I do with it?

I won a sweepstakes and will be getting USD 50k...it is verified that it is legitimate although no taxes have been taken out so I will have to claim this income on my taxes next year, they will send a ...
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1answer
168 views

How soon can I close Amazon rewards credit card after opening?

I got the card today for the $70 sign up 'Gift Card', only have 2 other credit cards with $5,000+ limits with $0 balance on both and want to know when I can close the Amazon account. I only spent ....
10
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3answers
2k views

What does high credit utilization really mean?

I've heard and read that high utilization of credit hurts, but what does that mean exactly? Does that mean high utilization month-to-month, or simply high utilization at all, even when paid off in ...
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3answers
161 views

How do credit card companies decide the amount of principal to charge interest on the revolving account?

EDIT: This question is not a duplicate of When to pay a credit card in order to avoid fees/penalties/interest? as that question asks how to avoid interest, as to where I am asking which amount of ...
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4answers
145 views

Impact of Spending Cash/Debit vs Credit Card on Debt to Income Ratio

Since debt-to-income ratio (dti) is an important factor in determining one's creditworthiness especially for mortgage rates, it is clear that one should keep the monthly recurring debt and credit card ...
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4answers
2k views

Can I cancel a credit card without negatively affecting my credit?

Some background: I have no debt, have never carried a balance on the card, and have never used more than 10-15% of the credit limit per month. I'd much prefer to pay with debit/cash, but I got the ...
2
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0answers
101 views

Are prepaid credit cards a form of secured loan?

I was reading about different factors that determines credit score. One of them is having a "good credit mix" (IE having a healthy mix of secured (such as home loan, auto loan) and unsecured loans (...
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1answer
122 views

"Discover® Identity Alerts (is there a downside to this free service)

I got the offer today. Other companies have made similar offers. Is there a downside to this kind of thing? Are they getting some sort of access that they will somehow market some junk to me? Here's ...
16
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6answers
6k views

What's the difference when asked for “debit or credit” by a store when using credit and debit cards?

When purchasing something in a store with a credit card or a debit card, the cashier may ask "credit or debit"? I was wondering what the point is using a credit card in a "debit" way? How is it ...
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11answers
6k views

Ways you can end up paying extra on a credit card even if you pay the full amount back in due time

If you are a financially responsible person, you know how a credit card works, you pay back the loans in full before the due date, you don't take out money form the ATM or otherwise do something that ...
2
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1answer
166 views

Equifax data breach and correct credit monitoring service for $125

for the Equifax Data Breach , there is $125 being paid for people affected , previously one only needed to choose and the cash portion or the credit monitoring by Equifax. As most of the people has ...
3
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6answers
229 views

Why use credit card rewards for vendor credit not cash?

Some credit cards (e.g. Capital One, Chase) have rewards programs for using their cards, which can either be used for cash (credit to the credit card itself) or for 3rd party vendor credit (a gift ...
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2answers
337 views

How to improve credit score and borrow money

I had pretty good credit rating, in October 2016 I was offered discount which i took but to my surprise, it was a credit card check that after checking decreased my credit rating. In December 2016, I ...
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3answers
189 views

Dispute Of Unauthorized Transaction on CANCELLED card?

I have two questions regarding the dispute request of an unauthorized (fraudulent) transaction. If the answer depends on whether the card is credit or debit then kindly tell me. First question: The ...
4
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2answers
297 views

Fraudulent online order, we but we don't recognize the card

My son just turned 18. Someone gained access to his Walmart account and placed an order for ~$120. The order was processed and shipped to a trailer park in San Jose. The billing address is our address ...
2
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2answers
195 views

What should I expect when applying for credit?

EDIT: It has been suggested that this question is a duplicate of Personal loan while unemployed?. In fact it is not a duplicate of that question, because I'm not asking about getting a personal loan ...
2
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1answer
209 views

Is the credit card system gamed against the Individual?

One of the things you keep hearing online is that credit cards are gamed against the individual. Is this true? is so, apart from paying off all charges before interest gets accrued, is there ...
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5answers
8k views

How were US credit cards verified in-store in the 1980's?

Back in the 1980's, many major retailers in the United States would accept credit cards using what was sometimes called a "knucklebuster" - a hand-operated device that would take a carbon-copy ...
2
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6answers
351 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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3answers
4k views

How to understand payment due date for a credit card

I just recently got my very first credit card, the Discover It Card. I knew it was crucial to have one, as a great credit score is needed for important things. The question I have is in regards to the ...
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5answers
10k views

When to pay a credit card in order to avoid fees/penalties/interest?

I am beginning to build credit and got a credit card a few months ago, I am a little confused about when a payment should be made in order to avoid any late fees/penalties/interest. Here is a ...
2
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3answers
131 views

Consequences of jumping from one 0% interest credit card to the next?

What are the negative consequences (if any) of moving from one 0% introductory rate credit card to the next, every 12-15 months (whatever the rate period happens to be). This is for someone with great ...
12
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3answers
10k views

Is it a good idea to scrape away my credit card's cvv code?

When I obtain a new credit card, I take care to remember the three-digit CVV number stamped into the back of the card, and then remove the number from the card (very thoroughly, because it's usually ...