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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19
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4answers
5k views

How does holding onto an active but un-used credit card affect your ability to get a loan?

I was debating with my friend about my old credit card. His view is that holding onto an unused credit card is bad for my credit b/c it will count as potential money I can borrow in an instant and ...
1
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1answer
64 views

How to check prepaid credit card balance for free?

My card issuer charges 1€ for each balance-check -- since the card balance is often verified prior to online transactions without fees, can I as an individual use a similar method with no additional ...
15
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5answers
5k views

Is it possible to brute-force or accidentally use someone else's credit card?

Reviewing my bank statements, I noticed that I several months earlier had been charged about 13 GBP by Netflix on my credit card, but only for one single payment (not recurring). I knew that the ...
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2answers
185 views

High credit card debt strategies - while doing R&D and trying to launch your own tech startup

In 2016, I made a series of hasty startup decisions to put large business purchases on my personal credit cards - that's around 80% of my current $150k in open credit card debt. For the most part, ...
0
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1answer
269 views

Open Credit Card Debt and Salary needed to not go bankrupt

I'm in a strange situation with close to $150,000 in open credit card debt and currently can't make the next payment. (While they were initially low-ish APR's. They are all at 16-27% APR or higher.) ...
13
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2answers
3k views

Credit Card Repayments

I'm trying to calculate how long it would take to pay off a credit card loan. I've used online calculators, most disagree with what I've worked out, but some agree. I have no idea where I'm going ...
3
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1answer
202 views

Paid off a US Bank credit card, but they sent two withdrawals - bank account overdrawn

I paid off a US Bank credit card on Friday (~$5000) and today in the morning I woke up to an empty bank account because they made two withdrawals, both for the same exact amount. I talked to US Bank ...
1
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4answers
249 views

What's the upside of having a heavy credit card?

I see that many fancy credit card are heavier than the typical credit cards. E.g. on https://www.uscreditcardguide.com/the-most-heavy-credit-cards-list/#3AmEx_Platinum_18g (mirror) it seems that the ...
-2
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2answers
263 views

Why do people usually say credit card instead of saying credit or debit card?

For example, when I place an order on the phone or on a web site, they always say 'What is your credit card number?' It's like they assume I only have a credit card when in reality I have a debit card....
2
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1answer
106 views

Closed credit card from compromise hurt credit score

My credit card was compromised, and the only reason I had the credit card was to improve my credit score. I chose to close the account (since someone was able to use it), but I forgot how ...
6
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2answers
495 views

Is it okay to under-report my income when applying for a credit card?

I want to apply for a store-branded credit card that offers extra rewards for purchases made at that specific store. I have no intention of using this credit card elsewhere, I intend to pay it off it ...
0
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4answers
255 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 ...
1
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1answer
107 views

Will closing my bank account cause my credit card to also close?

I've been with Comerica for many years now. I opened up a credit card with them about 4 years ago. It's my only credit card. I opened up the account to help build credit; it's in good standings and I'...
0
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1answer
242 views

Is it a normal practice to ask to return credit card when closing a bank account?

I have closed my bank account and the bank seems to have deliberatelly punished me for not returning the credit card to them. I would like to argue my case with them, but first I would like to know if ...
2
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3answers
300 views

How likely is it to be victim of credit card fraud on a credit card that has never been used?

How likely is it to be victim of credit card fraud on a credit card that has never been used? Assume that the credit card was issued by a financial institution bank in the United States. (Link to ...
0
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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 ...
10
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4answers
2k views

Should I max out my first credit card in order to build credit if I can pay the balance immediately?

I was just approved for my first credit card. I will be making a large purchase soon which will exceed my credit limit. I could split the purchase between cash/debit card and my new credit card or ...
2
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3answers
132 views

Will reissuing my credit card to get a new number every year or even more frequently hurt my credit or effective me negatively?

I recently had to have my card reissued because I noticed a charge on my account I did not make. Then I realized I had this card for like 4 years and credit card numbers are static. Why shouldn't I ...
0
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1answer
58 views

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

I have read about how hopelessly insecure credit cards are, and was wondering if there is, in the uk, a provider of either: One time use credit cards. Text me on transaction cards. Pre paid cards: ...
0
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6answers
358 views

Why do credit cards offer insurance but not advertise it?

Many credit cards offer a number of features like rental car insurance and purchase protection, but these features are rarely advertised when you apply for the card. Instead, card advertising usually ...
40
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5answers
8k views

Do institutions have right to ask for your credit card security code and all other CC data?

A school wants my credit card data including a security code. They've sent me a form to fill in about my card. As I know security code is something that shouldn't be shared publicly. Should I provide ...
3
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1answer
688 views

How are the CapitalOne credit card exchange rates calculated?

I have a CapitalOne Quicksilver (Visa) credit card (US-based, in US$) which is advertised as 0% foreign transaction fees. However, I am not sure how the exchange rates are calculated. According to ...
89
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6answers
22k views

Why do credit cards have their number and CVC code printed on them for all to see?

Ever since online commerce became a reality, it was sufficient to know the credit card number, expiration date and CVC code to purchase anything online. Things are slowly changing as MFA is getting ...
2
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1answer
1k views

How do credit card chargebacks work when using Paypal/Google-Pay/Etc?

As per my understanding: When paying a store directly with my credit card, I am "protected" against items not as described, or not received...Possibly other situations as well. If approved, this would ...
2
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1answer
144 views

Missed credit card payment

I recently missed a credit card payment because the Direct Debit from my bank bounced. This was because some Visa payments came off before the DD was paid, unfortunately my bank does not have a very ...
1
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1answer
83 views

Affect on credit score if I apply for a card just to get a one time discount

I currently have decent credit, but not exceptional due to limited use of credit. I have two credit cards, one used regularly (and payed off every month) and a backup credit card. I've run into ...
1
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0answers
66 views

Issue with Debit Card Payment But My Bank Says There's No Problem

I have had some curious but unpleasant experience with my debit card and want to know if someone's familiar with the problem. Basically, I got my VISA debit card from the UAE but lives in the US at ...
2
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1answer
157 views

Calculated 30% return from opening 0% promo credit cards for charitable contributions, is this right?

TL;DR Just how good is doubling up itemized contributions in 2018, using that to meet minimum spend for credit card bonuses, and taking the standard deduction in 2019? With the US tax code changes in ...
2
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4answers
659 views

Is churning an effective way of saving money?

I often hear about people who practice "churning" - they take advantage of various promotional offers on credit cards by rapidly applying to many credit cards and closing them as soon as the benefits ...
0
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1answer
100 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 ...
0
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0answers
43 views

Creating a separate entity for bank transactions

So you have your personal bank account. But I'm wondering if you can then create a separate bank account of some kind, either a business bank account or another personal one, and have the name on it ...
0
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3answers
92 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 ...
0
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2answers
274 views

Can you use an alias on a corporate credit card?

I have never used a corporate credit card, but I imagine they hand you a card with someones else's name on it, and you go to the store and purchase some stuff with it without having to show ID or ...
47
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8answers
15k views

Paying off debt and living within means vs. long term planning

My husband and I are divided as to the best way to handle our current financial situation. First, a little background. We are in our high 20’s, have been married for six years and have three kids. ...
4
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1answer
224 views

Is there a credit card number range reserved for documentation or examples?

When generating fake United States credit card numbers, I know that any random number that passes the Luhn algorithm would work, but then I run the risk, even if small, of generating a CCN in current ...
4
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1answer
190 views

Is credit card signup bonus taxable?

If a credit card company offers you $500 for making $1500 in purchases within the first 3 months, is that taxable income?
2
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1answer
92 views

Do I need to pay UK VAT for an online service paid for with a UK credit card when I'm resident elsewhere?

I want to pay for a VPN service with my UK credit card but I've recently moved to Japan. On the form I can select Japan or the UK but Japan won't charge a sales tax so it's obviously a better deal ...
3
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1answer
188 views

Can a business be charged up to 65% to process credit cards? [closed]

Today I had a service call to get my washing machine working. (The problem turned out to be the lid switch had failed mid-cycle.) When I called for service, the gentleman told me that they don't take ...
0
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1answer
98 views

Credit Utilization and Score. Early re-payment

I feel like this may result in the same unanswered question but I'm gonna ask it anyway just in case we can get a definitive answer. Does paying off your credit card (before a statement is generated) ...
-1
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1answer
100 views

Why do payment processors meddle with their business partners? [closed]

It's been in the news recently that payment processors are dropping their clients left and right, meddling with small businesses, and not being very upfront about it. In articles that mentioned why a ...
1
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4answers
485 views

Should I stop payments on my credit card after a chargeback dispute?

I paid $2,000 to a merchant last year. The merchant failed to reasonably deliver on their contract. I asked the merchant for a full refund, no go. I filed a chargeback against Citibank. It was denied -...
3
votes
3answers
276 views

How do credit card issuers have enough numbers for virtual CCs?

Virtual / disposable / temporary / alias (all common names) credit cards frequently issue new numbers. How is the cc company able to give out so many numbers? (Especially to a person who uses it very ...
5
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2answers
509 views

How to build a credit history, for a 78 year old with none? Turned down for secured card

I helped a 78 year old neighbor apply for a secured credit card but he was turned down for having "no credit history". He has had no credit cards for 30-40 years, no credit accounts, nothing. On ...
1
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1answer
123 views

Is it safe to have money transferred to verify a credit card?

I tried to make a booking. I am required to have a credit card. I don't pay via credit card, I just have to demonstrate that in case I don't come to the hotel, they can take the fee equal to the price ...
2
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1answer
244 views

Credit card charged for something that should be free. Am I out of luck?

I travelled to Fujian last week and rented a bike for 10 times. The bike company was offering a promotion to everyone at local resident rate, which meant free rental for initial 4 hours. The fee ...
3
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1answer
107 views

How many open credit card accounts do issuers like to see when someone applies for a new credit card?

How many open credit card accounts do issuers like to see (according to some formula or rulebook) when someone applies for a new credit card? Specifically when each card is in good standing and paid ...
26
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5answers
11k views

Why do credit card issuers offer a grace period?

I am wondering why most credit card issuers offer a grace period after the statement date, provided they're not obliged to? Is it required by law (I'm 99.99% sure it's not but just in case)? Does ...
1
vote
2answers
141 views

I live in Japan and want to send money to my credit card

I used to send money home to my parent’s account and they would then pay the bill. However my father is not in a position to do that anymore. Is there anyway to send money directly to the credit card?...
1
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1answer
178 views

Entered incorrect 3 digit when making online transaction

When purchasing a product online, at the checkout I entered the wrong 3 digit security code for my card. Does anyone know what will happen? Will the transaction still be successful? Will I be charged? ...
4
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2answers
272 views

Seller Trying to Increase Price After Purchase with Visa Credit Card

I recently purchased a used piano for $4000 dollars. This item is to be shipped to me next week. I paid for this item with a Visa Credit Card and have received receipt. Shortly after returning home ...