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
95 views

Is it possible to get a VISA card without support for cash advances (debit)?

I have a VISA card from a major USA bank. I always ask if I can have a card without support for DEBIT (cash advances). I'm wondering if VISA even allows that. In case you're curious for the reason ...
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4answers
231 views

How to withdraw cash from a credit card if the cash advance limit has been reached

I have a German bank account and a Visa credit card attached to it, but left Germany some time ago and live in a non-European country. Last Monday a bank officer from the German bank called me on my ...
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6answers
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What can Amex do if I cancel their card after using the sign up bonus miles?

I recently applied for the Amex Gold Delta Skymiles card, with the intention of getting the sign up bonus (60,000 miles after $2k spend in first 3 months) and canceling the card before the first ...
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1answer
92 views

What happens with a credit card account in Germany after the card is blocked/closed?

I have an everyday account in a bank in Germany and a Visa credit card account in the same bank. At the end of each month the negative credit card balance is automatically balanced by an automated ...
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1answer
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When does credit card utilization matter?

I'm learning more about credit before I get a credit card, and I read that it's advised to never use more than 30% of your credit card's limit. Let's say someone has a $2000 credit line and he spends ...
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My credit card was unexpectedly charged 1$, the merchant wants my SSN and personal data to tell me why, do I risk identity theft?

I received a phone message from my credit union's fraud detection department about a transaction for $1 that raised a flag. I called them back and was given the information recorded with the ...
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2answers
204 views

Why do some credit cards display the 4 last digits of the credit card in the signature blank next to the CVV code?

Why do some credit cards display the 4 last digits of the credit card in the signature blank next to the CVV code? For example, I noticed that my newly issued Bank of America Travel Rewards card now ...
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2answers
205 views

Can I use credit card to save interest on personal loan?

I currently have a student loan that charges me interests every 1st of each month. The interest rate is about 3.5 to 5.5%. Can I use my credit card to pay off an amount of the loan at date of 25th for ...
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2answers
163 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 ...
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7answers
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Is it legal to use cash pulled from a credit card to pay the monthly payment on that credit card?

I've got a buddy who is having problems with credit card debt. He had a small business go sour on him and ended up with about 35K of debt that's he struggling to keep under control while looking for ...
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2answers
312 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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How could a thief buying plane tickets with stolen credit card details benefit personally?

An acquaintance had over £2,000 taken from her credit card account to pay for two flight tickets. Here's the part that I don't understand: If I buy flight tickets with someone else's credit card, is ...
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Options to repay high interest credit card debt

I have about $14,000 in high interest credit card debt. I am curious as to the best options to attack this issue. CC1 - $9,500 @ 19% CC2 - $4,100 @ 21% I have about $8k in savings I am not willing ...
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2answers
961 views

Am I responsible for an annual fee on a credit card I never picked up?

I just received a bill for a VISA card at a bank where I'm not a customer. There is just one charge on the card and it is for an annual fee of $120. The card is not actually made out to my name, but ...
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2answers
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What happens after one's credit card transaction was declined after he has received the service?

Assume someone received some service (for example, had his hair cut) and had made the payment using his credit card. What if this transaction was declined later? Does he still owe the money that he ...
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1answer
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I'm starting a new job in 20 days - can I include my future income when applying for a credit card now?

I'm starting a new job soon and moving to a new city. I've never held a credit card and want to apply for one. As with all moves there are likely to be expenses so I'd love to be able to stick them on ...
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1answer
133 views

Multiple Balance Transfers

I have a credit with a small balance, but large enough to be annoying. It comes from an impulse purchase. The APR is 22%. My credit score is excellent. (Which comes from decades of avoiding impulse ...
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1answer
88 views

is it required to give exact /approximate or rounded income for credit card

A friend of mine is self employed for personal and self-employment(Doing business as), and at looking at I'm starting a new job in 20 days - can I include my future income when applying for a ...
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3answers
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Why am I never approved for credit cards instantly online?

Whenever I apply for a credit card online, I always get a message along the lines of "we could not instantly approve your application". I end up getting approved eventually so this is just an ...
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15answers
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Credit card details stolen every 1-2 years. What am I doing wrong? [duplicate]

Background I just had my credit card canceled because of fraud. This is actually a perfectly normal occurrence for me, which is the impetus behind this question. The card in question was only about ...
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9answers
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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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3answers
264 views

Can you build credit history without getting a credit cards or taking on debt?

As far as I know I have no credit history as I have never had a loan or credit card. I buy things using a debit card tied to my credit union bank account and prefer not to have a credit card at all. I ...
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Which debt(s) to minimize first to improve credit most quickly?

Current score is ~650. Looking to improve my credit as effectively as possible, as I'm looking into houses after getting married next summer. I'm coming off of a tougher employment patch so very much ...
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4answers
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Are the new “Smart” or “Chip” Credit Cards better from a security standpoint?

The new Chip credit cards are being introduced to provide better security to consumers, merchants and credit card vendors. Sample Card: (source: mastercard.com) Card Reader & PIN Entry: ...
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2answers
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Military man says he's in Syria he is working for US Army

How and what do I need to do. I did give my information on a credit card. He paid off my card and then asked me to get him itunes 100 dollars each of the full amount and send him the money. Is this a ...
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Can I negotiate to have a credit card interest fee waived?

I recently missed a credit card payment by one day (my first one ever in my history of credit starting from over 10 years ago), and I called the credit card company to have the late fee waived. I ...
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4answers
384 views

Is there such a thing as a credit card with no (currency exchange) fees?

There's no such thing as a free lunch. Is there such a thing as a free credit card with free currency exchange? Every debit or credit card I have seen charges for foreign currency transactions. ...
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4answers
278 views

Why not “have too much available credit” on your credit card?

A Canadian's Guide to Money-Smart Living (2019) by Kelley Keehn. I don't know her degrees or qualifications. I first read this on p 94, but it looks like the same as p. 98 in 2015 edition that ...
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1answer
1k views

Why would a site such as Craigslist not accept pre-paid debit cards?

I tried to post a classified ad on Craigslist and found that they do not accept pre-paid debit cards. Why could that be?
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0answers
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Ali Express and credit card frauds?

A lot of people around me claims that they have been victims of credit card thefts after shopping on Ali Express (one person even claims it happened several times). I am very sceptical to this because ...
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1answer
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Why can't credit card systems distinguish between having and using credit? [duplicate]

A Canadian's Guide to Money-Smart Living (2019) by Kelley Keehn. I don't know her degrees or qualifications. I first read this on p 94, but it looks like the same as p. 98 in 2015 edition that ...
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2answers
1k views

Is it safe to share the first six digits of my credit card with an immigration company?

I was contacting with an Immigration company from Canada during the call the took all data which they need to start their evaluation. Then, they requested to know the first 6 digits of my payment card....
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Should I activate my new credit card if my name is misspelled on it?

I recently got a credit card and the name on my credit card is misspelled. I've already called the company and they said I'll get a new one in 2 weeks. Should I activate my card with misspelled name ...
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2answers
165 views

if I/some credit card keep applying how low the score can get

This seems a hypothetical question. Suppose a person has a already low credit score( I suppose it can not be less than 300) . Question1: And if that person apply for 2 different credit cards at ...
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4answers
426 views

Using credit cards to implement budgeting when you don't have income

My spouse and I are between jobs right now as we are transitioning to new career situations. Our financial situation is stable and our prospects are good, but we will be without steady income for a ...
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11answers
5k views

Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS

This question might be subjective, but I would like to listen to opinions, if possible. Ever since I got mugged on campus, I only carry enough cash to pay for bus travel. All other payments are made ...
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2answers
228 views

What's the point of signing the receipt after using a pin-less credit card?

Every time I use my chip-and-signature US credit card, the store requires me to sign the receipt. However as far as I can tell, nobody ever verifies that the signature matches the back of my credit ...
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4answers
2k views

Can a victim of a gift card scam dispute Credit Card transaction?

One of my colleagues got scammed for $14,000 by one of the Apple Gift Card scams. He paid $4,000 in Cash for Gift Cards and bought the other $10,000 worth by maxing out a credit card. He's gone ...
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1answer
137 views

Synchrony Bank Amazon store card - alerts for every transaction

I want an alert for every single transaction on my card. Their website only has option for alerts for transactions over $50 minimum. I want to see every single transaction. How is this possible?
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11answers
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Should I open a credit card when I turn 18 just to start a credit score?

I spend about $20-30 a week on my debit card, with periodic $200-300 purchases every few months. I've thought about getting a credit card the moment I turn 18 and using it to buy everything, then ...
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3answers
178 views

What is the difference between transferring and making a payment on a credit card?

I have a CitiBank Mastercard. I have been paying the balance back to $0 regularly by transferring money from the checking account to the credit card. I notice there is also an option to "Make a ...
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1answer
438 views

Does increasing credit limit on corporate card affect personal credit score?

An individual has a corporate credit card under their own name where the company reimburses them for expenses into their personal bank account. Corporate credit card bills are paid by the individual's ...
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2answers
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How can Stripe charge my bank account in case of negative balance?

I was thinking of opening Stripe account and then saw this. This page says that if I have negative balance due to a charge back, Stripe can contact my bank and request funds from my bank account ...
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6answers
96k views

Why does it take so long to refund to credit card?

I cannot understand this: if I make an online purchase with a credit card, the purchase is done instantly, and I receive a SMS notification within 5 seconds. However, if money is returned to the ...
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4answers
2k views

As a fresh graduate, should I get my first credit card? [duplicate]

Recently, I sat down with couple of my friends that are also a recent graduates. We talked about credit cards and it caught my attention. They told me that we should get our first credit card as ...
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As authorized user why is the credit utilization of the primary card showing in my report

My wife added me as an authorized user on her credit card account and I received a card with my name. The credit limit is still the same and is shared. I have recently started seeing it in my ...
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1answer
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Credit card billing cycles and due date [duplicate]

What if my statement date is 5th of every month and my monthly due date is 20 days after statement date. What is my billing cycle and what date should I pay my purchased items
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1answer
153 views

What does “money will reflect in your credit card shortly” mean?

I was paying for a policy on a monthly basis and decided to cancel that policy. Then I recieved an SMS from my bank saying "Pol ref no xxxx has been cancelled on 15/06/2019 and refund of Rs.4956 ...
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3answers
697 views

Am I investing properly for my future?

What should my next step be? I apologize in advance for the length of the post. I consider myself to be in a good standing, but I'm always looking for ways to improve. Student loans: I graduated ...
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2answers
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Are there any pitfalls to balance transfer checks?

I've recently received an offer from a credit card that I always pay off each month. This credit card also has the lowest APR out of my 3 cards, but that doesn't really matter since I pay it off each ...