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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8
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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 ...
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3answers
132 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 ...
45
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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 ...
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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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1answer
701 views

Credit Card Transaction not appearing

I purchased a few items at a grocery store a few weeks back. When I was going down though all of my monthly purchases I noticed the transaction wasn't there. I got a receipt for the items as well as ...
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1answer
125 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 ...
0
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1answer
133 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 ...
0
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1answer
108 views

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 ...
28
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6answers
18k views

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 ...
2
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2answers
320 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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4answers
396 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 ...
0
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2answers
225 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 ...
27
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4answers
11k views

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 ...
2
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2answers
198 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 ...
7
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1answer
13k views

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 ...
41
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7answers
13k views

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
222 views

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 ...
3
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5answers
361 views

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 ...
5
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1answer
102 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 ...
4
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1answer
144 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 ...
60
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15answers
21k views

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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2answers
186 views

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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3answers
277 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 ...
46
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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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4answers
547 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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0answers
510 views

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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4answers
362 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 ...
8
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1answer
316 views

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 ...
2
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2answers
180 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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2answers
261 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 ...
0
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1answer
162 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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3answers
1k 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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2answers
326 views

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 ...
4
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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 ...
0
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1answer
387 views

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
0
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3answers
191 views

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 ...
0
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1answer
191 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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2answers
131 views

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 ...
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3answers
689 views

Leaving USA with Credit Card debts

My girlfriend is a US-Spanish dual citizen. She has been racking up credit card debt (60K, 7 credit cards). She used to make payments for a long time but she just lost her job and can't anymore. I ...
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2answers
7k views

How do credit card companies know what type of business I'm paying for?

Credits cards have many different ways of offering you points on types of goods or services you pay for. How do they know if I'm buying, say, food or gas? There are so many different different ...
5
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1answer
103 views

Should one keep expired debit/credit cards or at least their information in the United States?

Should one keep expired debit/credit cards or at least keep track of their information (e.g., card number, expiration date, card holder name on the card, issuance date, bank name, type of card) in the ...
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1answer
192 views

Can a merchant charge me on my credit card one year after transaction date?

What is the time constraint put on the merchant to charge customers on their credit card? Edit: Country: India, Card: Amex, Purchases: Coffee and snacks
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2answers
754 views

Will banks allow one spouse to get an auto loan to buy a car from the other spouse

My husband was in an accident with our family’s van so we have to buy a new one. The insurance is paying off our existing note in full. We have found a pre-owned van that we want to purchase as a ...
3
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1answer
92 views

first credit card for H1B worker

I see a question Looking to get my first credit card but that seem to focus on students. I have a friend, who just came on H1B with zero credit history. The bank that has the regular account for him/...
2
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1answer
311 views

Is freezing my credit card as a form of spending control a bad idea?

I see that my credit card company offers the ability to "freeze" and "unfreeze" my credit card with the tap of a button on their mobile app. I'm pondering using that as an additional constraint to ...
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6answers
1k views

Importance of Building Credit Score?

For some background, I am in my early 20's about to graduate college. I have steady full-time employment that allows me to live within my means while building my savings. Right now, an emergency fund ...
3
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4answers
447 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 ...
2
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1answer
110 views

Does it make sense to open a lot of no-fee credit cards to reduce credit utilization?

Within a week of starting to my new job, I am planning to open a lot of (5, maybe more) no-fee credit cards in order to lower my credit utilization. I am not planning to use any of these new cards at ...
1
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1answer
99 views

Can I dispute an accidental submission of a credit application?

Can I dispute an accidental submission of a credit application? I left some information out, and a family member submitted a credit card application with out my consent. I was going to apply for a ...
41
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7answers
13k views

Credit card offering 0.5 miles for every cent rounded up. Too good to be true?

I just received an offer on my credit card (Barclays Aviator, if needed to verify). The offer (Flight Cents) is as follows: I can choose a limit every month ($1 to $500) Every transaction during a ...