10

The reason why the store & credit card companies want to credit the refund to the same card is: To stop people from getting around the points rules. To stop fraud where you weren't the person who bought the item, and now are turning it into cash. It could have been stolen. Also reversing a transaction is easier the creating a transaction that sends ...


7

A virtual credit card number (VCCN) is just a service offered by a regular credit card. Each time that your reach your allocated dollar limit or your expiration date, you have to go in and generate a new number. It's just a few clicks but it's still an active process. Google and create a list of credit cards that offer the ability to generate a VCCN. ...


5

If I pay back $10k the next month, will they apply to it zero rate or the 12%? Read your card agreement and the terms and conditions for the 0% offer. In most cases, it will clearly state that any payment will go towards the low interest rate part first. That's the very reason they give you free money: they hope that it results in more high interest rate ...


5

There is a financial incentive for merchants to refund to the same credit card, which is why most stores require it. Those that don't require it are willing to take a financial hit to do their customers a favor. Your CC bank charges merchants a fee every time you use your credit card. If you return something and the merchant reverses that charge, they get (...


4

There is more information about "Pay it" and "Plan it" here: https://www.americanexpress.com/us/credit-cards/features-benefits/plan-it/ In summary I think you are not using a credit card the way most people use a credit card / the way Amex expect people to be using it. If you have enough money to pay off the balance every month (which it ...


4

No, it is not a problem if the transaction date shown on your credit card company’s website is off by a day. It happens, and it is nothing to be concerned about. For the second question in your post, the reason for the “pending” waiting period, this has been discussed in this question: Why do credit card transactions take up to 3 days to appear, yet debit ...


4

tl;dr: As long as you have enough available credit, if the "balance transfer" will pay you cash directly into a bank account, then you can do what you propose. Details: ...I heard that, due to the CARD act, only the minimum payment may go toward the lowest APR, and that any additional payment must go toward the highest APR That's correct. Prior ...


3

Just yesterday my bank called me about CoViD relief, and I asked this very question. They said my monthly statement minimum payment works against the lowest interest rate amount. However, any payments made in excess of that do indeed apply to the highest interest rate first. Just as you said. And now I know why. (Boy does that sound like a Washington ...


2

I just pay my Amex “balance due” a couple days before the due date. I don’t recall if Amex charges a fee and/or interest for these other “plan it” type options, I suspect their goal is to get people used to “planning it” while there’s no fee then charging for this service later. The point of these options is that people can’t simply pay the total or want ...


2

I doubt you're going to find very many banks in the U.S. that will issue a credit card to anyone without an ITIN or SSN. I did find an article which claims CitiBank might, and I've included the link to it here. Another option is to become an authorized user on someone else's credit card accounts, although that could be a challenge too without an ITIN or SSN....


2

From my experience credit card companies typically update your credit profile monthly. It would pretty much be impossible to call and "force" an employee to update your profile outside this schedule. Why does it matter? If the mortgage financing company wants to see a zero balance on this credit card, they you can provide proof via a screen shot ...


1

If you haven't paid your bill yet, your money doesn't exactly need to be "refunded", you're looking for your account to be credited. Since you've filed for a chargeback, you shouldn't have to pay while the chargeback is being disputed. If you disagree with Chase's handling, you can file a complaint with the card network (since it's Chase, that is ...


1

I don't think that a referral has any effect on your credit score. It's the person opening the card whose credit score is affected. I also don't think that the number of cards open affects it much. It's how you manage your credit that's most important. Credit card companies are always offering bonuses. A good one is $200 for spending $500 within 3 months. ...


1

While it is likely that there may be some delay in the credit card company marking the payment and balances, the other significant delaying factor is CreditKarma (CK). While a real time poll of your score may show a value/state in time, CK doesn't update real time. Their updates lag by almost a month. Likely because they poll all the information that they ...


1

I am not a/your lawyer; this is not legal advice. I believe the intent, at least, of the Amex Card Member Agreement you mentioned in a comment would not permit refunding a returned purchase to a different credit-card (or for cash). Further, were you to manage to do this, they would be within their rights to cancel any cash back you may have been credited ...


1

In a physical store the merchant should be running the card and the system should be validating the transaction. So if today in June 30th and the card expires this month the credit card company should validate the transaction, even if the final submission takes place after midnight. Of course that opens a discussion about when the day ends. Is it midnight ...


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