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.

Filter by
Sorted by
Tagged with
34 votes
2 answers
6k views

How can I stop fraudulent recurring credit card transactions being forwarded to a new card?

I have a Mastercard credit card issued by a U.S.-based financial institution. Several billing cycles ago the card information was compromised and several hundred transactions were initiated. The card ...
0 votes
1 answer
61 views

If you pay off a variable APR daily accruing credit card before the end of the month, is there interest?

Can you avoid 100% of interest on a card that accrues interest daily, by paying it off in full before the end of each billing cycle?
0 votes
2 answers
176 views

I didn't use my credit card for one month and my credit score dropped 22 points. Will it be fixed in the next snapshot?

I only use my credit card to buy gas. I couldn't use it last month because the gas station's credit card system wasn't working. My FICO Score 9 dropped from 842 to 820 in this month's snapshot. I ...
1 vote
1 answer
121 views

Can a bank take money out of my account without asking, to collect old outdated debt?

Almost 2 decades ago I had identity theft and they maxed out my card. I lived with it (and terrible credit) and could not discharge it or pay it off. Some years ago this all fell off my record and is ...
0 votes
0 answers
90 views

Does a payment receiver get a full name of a cardholder when I pay with a credit card?

What information about a cardholder does a payment receiver get when paid with credit card via direct transfer. Examples: Spotify, Netflix, etc... How's all buying digital goods process released?
0 votes
2 answers
58 views

How to make sure that online/ATM/POS card payments always use one currency?

Anonymous payments through Paypal, ATMs, POS machines constantly offer me alternative currencies for my MasterCard or VISA. For example, Paypal will just bill me in the alternative currency even if I ...
0 votes
1 answer
75 views

Does a non-permanent resident of the US have to close their credit cards before they leave the US?

The background is the same as in my previous question: I'm in the US on an F1 visa (and this will be the case for the next two years). I'm not sure whether I will take the path of staying in the US ...
0 votes
2 answers
294 views

Is there any catch in life time free credit cards against fixed deposits?

Many banks have offerred me life time free credit cards because of my good credit score. However, there are some banks which did not offer any life time free credit card. However they offer credit ...
8 votes
5 answers
6k views

Is there a way to bypass POS Credit Card processing fees?

Summary: If you have a shop and you accept Credit/Debit cards like Visa, Mastercard, Maestro, American Express, etc., you have to pay a fee. Is there any way to keep accepting those cards without ...
1 vote
1 answer
78 views

What do the various types of APR mean on my credit card?

I am looking at APR details and want to understand how it works. I see a credit card that says: Introductory APR - 0% for 15 billing cycles Standard APR - 14.74% - 24.74% variable Balance Transfer ...
3 votes
2 answers
384 views

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 ...
0 votes
2 answers
129 views

Question regarding credit cards and their fees

I have never owned or used a credit card before. I have only used a debit card and other non-debt/non-credit forms of payments online. I am thinking for applying for a credit card, but there are some ...
3 votes
0 answers
194 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 ...
0 votes
1 answer
271 views

Why have I started receiving pre-approved credit card offers for strangers?

I've been living at my current address for a couple of years now. It's not unusual to get mail for the previous residents, and as such I'm fairly familiar with their names and so on. In the last ...
0 votes
1 answer
427 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 ...
34 votes
12 answers
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. ...
1 vote
2 answers
135 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 ...
0 votes
2 answers
270 views

What is the point of a CVV on a credit card?

According to Google: A CVV is the three- or four-digit number on your card that adds an extra layer of security when making purchases online or over the phone. It serves to verify that you have a ...
1 vote
1 answer
118 views

Must the Credit Card Issuer refund Card Holder, for deposits paid to a Merchant that later bankrupt?

Presuppose that a Card Holder charged or debited her credit card, to pay deposit money to a Merchant company for a good. But then Merchant bankrupts, before Card Holder ever obtains the good. ...
4 votes
2 answers
363 views

Is there a credit card that won't get incorrectly tagged for fraud with international travel

I travel quite a bit. I had a Chase card. About once a month they'd mark it for fraud because of my travel. Not once was it actually fraud. All charges were legit. On top of that I have flawless ...
2 votes
2 answers
22k views

Is it possible and what happens if you go over the limit of a prepaid American Express credit card?

I have a Prepaid American Express credit (gift) card of value $100. I have used it a few times and don't remember the remaining amount. Let's say I can't find out the remaining amount. Is it possible ...
19 votes
3 answers
5k views

What is happening every time I pay my credit card? Am I 'settling' with my bank, the credit card company, or another entity?

I understand that credit cards extend credit to customers. And that purchases incurred before the credit balance is due are nothing more than IOUs to the bank issuing the card (and also the card ...
2 votes
2 answers
112 views

If I request a chargeback on a purchase because a company went bankrupt, who foots the bill?

One reason people often cite when advising to make purchases with credit cards is the ability to issue a chargeback in case of problems. A common example would be buying airline tickets and then the ...
19 votes
6 answers
3k views

What should I do with my credit card debt?

I have almost $20,000 in credit card debt and, though I have stopped accumulating it for quite a while now, I'm trying to figure out the best way forward. Can someone please offer advice based on this ...
0 votes
1 answer
95 views

Can I get a replacement credit card to overseas if I didn't activate the credit card account?

I'm overseas. I apply for a new credit card. I already have one credit card from this bank. My address is the address on file. US residential. There's no one there right now. They mail the card. I ...
1 vote
0 answers
58 views

Can my wife use my income/credit card to buy products for her self-employed business (UK)

I am in full time employment in the UK (and have no other sources of income). My wife does not currently work (since having children). She will shortly be registering as self-employed/sole-trader and ...
0 votes
3 answers
211 views

How much credit can one get with a low-paying job?

My late brother owed me a fair amount of money, mostly a mortgage currently valued over $400K. He said (in writing) that I would be paid by his widow out of his $500K life insurance. His widow is the ...
28 votes
5 answers
9k views

A stranger messaged someone I know via an online listing and gave them their credit card details and encouraged them to use it. Is there a scam here?

A family member of mine (female, not sure if that's relevant) was contacted via a listing on Facebook for an item of clothing by a someone (male) who then sent through their credit card details. The ...
34 votes
5 answers
8k views

Credit card replaced due to fraud, new card has exactly the same information as the old one. How does this address the fraud risk?

My credit card company detected fraud on my account. They contacted me about this fraud, we identified fraudulent charges. I was also told my current cards on the account would not work and I would be ...
44 votes
14 answers
11k views

Would I ever need credit card if my debit card is issued by MasterCard/Visa?

My debit card is issued by Visa, but MasterCard AFAIK doesn't differ in that case. I can use it to pay in shops, online, to reserve place in hotel etc. I manage to constantly have enough money on ...
7 votes
3 answers
17k views

How long after new employment before applying for a new credit card?

I am a recent grad and new employee. I currently only have a $500 student Visa credit card with my current bank branch (2 years). I began my employment at the end of January (just over 2 months ago) ...
3 votes
3 answers
203 views

What's the difference between a soft and hard credit check?

I understand that hard credit checks negatively impact a person's credit score. Why would it work this way, because it's seen as a negative thing to be applying for credit cards too often? Even then ...
-2 votes
2 answers
142 views

Can I change my payment method after I made a payment in a restaurant with a credit card?

I have different credit cards and they give me different cashback rates depending on the category. For example, I get 5% cashback from dining with credit card A but only 1% from dining with credit ...
31 votes
4 answers
6k views

What can I do when a vendor will only refund to the same card I used if I have cancelled that card?

I paid for a conference with a credit card (about 10 months in advance before the event). The amount was taken from my card in a few weeks. About 3 months later, I cancelled this credit card as I ...
2 votes
4 answers
5k 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 ...
5 votes
1 answer
4k views

Is home address required for online payments

I have a question about online payment and I would appreciate it if one could answer. For online payments with debitcard in the UK, at the time of payment, I have always been asked to enter the home ...
-1 votes
1 answer
293 views

Am I being scammed? [pay off my debts] [closed]

I’m talking to someone who wants to pay off my credit cards. He asked which credit cards I have. I told him I didn’t feel comfortable giving out my information. He said he would give me his ...
2 votes
2 answers
192 views

Problem with debit card getting blocked all the time due to defective "fraud protection"

I make a lot of non-local purchases using my Mastercard debit card. I buy things both out of state and in foreign countries, principally in Europe. I constantly have the problem that my card gets ...
10 votes
1 answer
1k 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 ...
0 votes
1 answer
61 views

How do I increase my credit utilization without decreasing my credit score?

I have a Discover card with a limit of around $2000 ("Discover It"), which is very low. As a result, I end up putting my biggest purchases on debit, or use an alternative form of payment (eg....
4 votes
1 answer
208 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 the US. The application asks for more detailed financial information than I have ever had to provide on past applications. It asks ...
2 votes
1 answer
180 views

How to pay comingled personal and business credit card charges for small corporation

If I used my personal credit card for a business expense, may I pay that portion of the credit card bill with a business account check?
0 votes
1 answer
246 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 ...
1 vote
2 answers
125 views

What happens if you do a balance transfer for more than you owe?

Say you owe $1k on credit card A. You get a new credit card, B, and ask for a balance transfer from A to B for $4k. What happens? Do you end up with a negative -$3k balance on A? Or would B typically ...
0 votes
1 answer
66 views

Closing a US credit card after becoming NRA

I lived in the US for over 6 years and had few credit cards opened. I left the US over a year ago and became a non-resident alien (I'm not a US citizen). At the moment I don't intent to return in any ...
2 votes
0 answers
97 views

When does a foreign transaction fee apply to a credit card (especially from shopping online)?

I assume if you go to another country and use a credit card, then the foreign transaction fee will always apply. What if I use a credit card to make a purchase from an online store? Does it depend on ...
1 vote
0 answers
41 views

Rules related to dispute on creditcard between Customers Bank and the Merchants Bank

I purchased certain domains with sav.com, but the merchant had site latency and the same was reported by many customers on Trustpilot.com. My credit card was charged but domains not posted on my ...
2 votes
2 answers
1k views

Has my credit card been compromised?

Last week a noticed a $598 charge from build.com. I doubled-checked that I had not purchased anything from them or their network of stores. I was prepared to dispute the charge as soon as it was no ...
30 votes
4 answers
7k views

Free money loophole with rebate on CC cashback?

I went to a store and purchased a plastic bag (3 cents) and they allowed me to get $50 cashback and charged me $50.03 on my credit card. Later my credit card company gave me 5% cashback ($2.50) for ...
29 votes
5 answers
5k views

Credit card numbers on the back - is it not less secure?

I got a new credit card today (replacing the old one which was worn out) and I noticed something new - all the numbers have now moved to the back of the card, leaving the front empty. Apparently it's ...

1
2 3 4 5
33