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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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 ...
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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/...
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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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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 ...
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4answers
479 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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1answer
112 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 ...
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101 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 ...
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7answers
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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 ...
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Asking bank to reduce APR instead of increasing credit limit

My credit card just notified me that they raised my credit limit (unsolicited). This would do well to my utilization and thus improve my credit scores overall. However, my overall utilization across ...
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1answer
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Does Google make money from 'Google Pay' for online purchases?

Does Google charge anything for using Google Pay and letting pay through it for online transaction in web of mobile app? According to this guide, merchant, or PSP that would like to enable Google Pay ...
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Why didn't I get avios for every pound I spent using Amex British Airways

I've been using an American Express British Airways credit card. As it is advertised, it gives you one avios per pound you spend. However, I only got 29 avios after spending more than 100 pounds. ...
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Using credit/debit card details vs swiping a card in a payment (credit card) terminal

I was given by a seller an option to come to their office and swipe my credit/debit card there in their payment terminal. Because it's a long way to get to their office, I asked the seller if he ...
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Help on calculating credit card interest

Below is a summary of my current statement Apr 21 2019 - May 2019: The APR is 25.24% I had a promotional 0% APR till Apr 20. This is it google drive link I have tried my best to calculate the ...
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1answer
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Are there any particular ways to use a secured credit card best? [duplicate]

I am using a secured credit card to build back my credit. Is there a particularly good way to do this? I know that a secured credit card will allow me to increase my credit score. But I'm not sure ...
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How can sister protect herself from impulse purchases with a credit card?

My little sister is 18, and currently has a bank account with a debit card. She and mom believe it might be time to get her a credit card, mostly to build up her credit rating than out of necessity. ...
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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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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 ...
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What should I do if no party wants to act on fraudulent transaction

In reality, this problem was acknowledged and resolved by one of the parties, but I want to know what to do in theoretical future scenarios. My Airbnb account was recently hacked. I don't know why, ...
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What potential downsides are there to high-fee-but-get-a-travel-credit credit cards?

Some credit cards offer a deal like: Annual fee of around $450 100,000 frequent flier points (worth $1000) if you spend $3-4k in the first three months Get an annual travel credit worth about the ...
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1answer
241 views

Chinese Brother-in-Law in Debt Trouble - What can Chinese Citizens do to Manage?

My brother in law built up a large amount of gambling debt two years ago. I guess in an attempt to save face, he hid a portion - 75,000¥ ($11,187) from his family thinking he could pay it off himself. ...
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Should I take up offers to settle with credit cards

I have been getting offers to call and seek assistance to settle with credit cards. I have so far not considered these but have I missed a trick? Should anyone ever consider these under any ...
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When is the best time to begin the settlement discussion with credit cards to avoid bankruptcy?

I've read a variety of strategies on timing on settlement discussions with credit cards. The common one seems to be to try after first late payment, and then try again after the next. I have not had ...
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Credit card limit [duplicate]

My credit card has a limit of $6000. If I want to book a $7500 vacation on Expedia, could I put a negative $2000 balance on my card, so when I pay for my trip on Expedia, it will get approved.?
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Credit card debt

A Russian-Norwegian dual nationality person I know took up 20000 pounds of credit card loans in Norway. He then went back to Russia and has lived there for 1 year now. He has not heard anything yet. ...
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Is there a way to simulate credit score for settlement vs bankruptcy?

I'm considering either settlement or filing a Chapter 7 Bankruptcy for about $110k in credit card debt. However, it seems like both options will stay on your record for 10 years and also decimate ...
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Actual time of a credit card transaction

how can I find out the exact time my credit card was processed at a supermarket? My bank statement only tells me the day not the time
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Should I use a zero-interest credit card for a large one-time purchase?

An upcoming purchase (nearing $10,000, in the US) would drain savings more than I'd be comfortable with, and I'm wondering if using a zero-interest card to effectively spread out that purchase for 15-...
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Schedule C: Determine credit card interests expenses, line 16

How does one calculate credit card interest for schedule C, line 16? My wife has a home business and uses a credit card for the business. My understanding is that because we are using the cash ...
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180 views

When to make Credit Card payments on large balance with interest

Consider the following scenario: A credit card has a balance of $5000 that cannot be paid off at this time. Every week I earn $500 that is deposited to my bank. My monthly minimum payment is $200. ...
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123 views

Paying off credit card from savings or keep and contine with current credit balance [duplicate]

I'm having two credit cards with only 10% of worth credit limit available (Nearly full). I can pay off both cards with my savings and my savings would be zero or nearly zero. I'm wondering whats the ...
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237 views

Would gambling with a credit card negatively impact my credit score assessment?

To preface I do know that gambling is generally a waste of both time and money, and as such I do not gamble. Sometimes though I do match betting. For those that don't, know it is betting for an ...
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How can I fund my bank account with a credit card without paying interest?

Been trying to figure this out. I was thinking of setting up my own website selling a service and using paypal to accept credit card purchases,then using my credit card to "buy" the service off my own ...
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Source of Credit Card Payment as it relates to building credit

Does it matter as far as building credit if a student credit card bill is paid from the parents' checking account?
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489 views

Declaring bankruptcy vs just not paying off large credit card debts (no home, no car or large assets owned)

So I'm considering just letting my credit card debts go unpaid till they close. (The goal was to find some way to pay it off but I need to consider the worst possible case) The reason why I'm ...
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2answers
324 views

When is the best time to schedule a credit card payment date with Vanquis?

My credit card arrives in a few days so I am unsure of my statement date and payment due date, although I know I am able to change my payment due date. I am paid the 18th of every month and ideally I ...
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73 views

Visa balance transfer from one loan company to another

I have a Visa loan with company A that has an interest rate of 10%. Company B is offering to let me transfer my balance with A to them for a 12-month 0% interest rate. I know that company A also ...
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Paying by voice - what is its transaction type

When I purchase something through voice virtual assistant, for example order Pizza through my Echo-Alexa - is it written in card schemes (Visa/Mastercard) as a Card-Not-Present (CNP) transaction or it'...
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What can someone do with the last four digits of my credit card number, last four digits of my social security number, and my zip code?

I recently got a call from my “bank” telling me that there have been several fraudulent transactions on my credit card. Naively I believed them and gave them he last four digits of my credit card ...
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What is Cash Advance APR?

I just got my first credit card. I haven't spent anything on it but I see that the Cash Advance APR is 27.5%. Can someone tell me in layman terms what this means?
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Applying for Credit Card Under New EIN

I have established a new EIN for a sole proprietorship under my name. This business' purpose is to separate my ventures flipping and doing other projects that make money from my personal finances. I ...
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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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1answer
269 views

Can I report knock-off company as scam/fraudulent to credit card company?

I saw a video ad on Facebook for a product that looked interesting and high-quality. (I believe it actually is.) Later, I ordered the product—but I ordered it from a different site than the actual ...
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4answers
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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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Should I pay off a credit card or a collection balance first?

I have a collection and a credit card with roughly the same balance. I received a bonus and I am able to pay off one of them completely. Which is more beneficial to pay off first?
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Credit line opened without my authorization

Some company signed me up for this credit card without my knowledge and now the account is showing in my Mint.com credit report and lowering the average age of my credit lines, and hence my score. I ...
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1answer
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Credit card expired and no replacement sent [closed]

My credit card expired in January 2019. I did not receive a new card. I contacted the company on 2/1/2019 was told they had to do a report and I would receive a new card in 7 to 10 days. On 2/18/...
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Why does Costco refuse credit card payments from non-Costco members in the United States?

Alice and Bob were doing some shopping at Costco in the United States. Bob is Costco member, and Alice isn't not. The cashier, citing Costco's policy, refused to accept Alice's credit card: Alice was ...
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Do most credit cards allow a positive balance?

I have a Visa credit card, issued by a German bank. The card allows me to carry a positive balance and even pays a small interest on it (called Visa Sparen -- Visa Saving). I find this convenient, ...
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Do I need to open a credit card to improve my average credit score?

I recently checked my credit reports and score and found out I had a score in the high 630's - this was a shock as I had checked this a couple of years ago and my score was in the high 730's I ...
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Can one live in the U.S. and not use a credit card?

The title may not be very accurate. I'm European (Italian) so I don't have a very clear idea of how it works in U.S. My understanding (correct me if I'm wrong) is that the economy there incentivises ...

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