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0 votes

I didn't use my credit card for one month and my credit score dropped 22 points. Will it be fixed in the next snapshot?

The credit scoring companies will tell you that utilization makes up x% of your score, but they don't tell you how they calculate it. I've read multiple times that utilization of 0 is worse than a low ...
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3 votes

I didn't use my credit card for one month and my credit score dropped 22 points. Will it be fixed in the next snapshot?

Credit scores have multiple factors, and the exact formula is proprietary, so there's nothing to "fix" here. Credit scores of 842 and 820 are both "excellent" so there's no real ...
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  • 114k
2 votes

Can a bank take money out of my account without asking, to collect old outdated debt?

The statute of limitations on collecting debt depends by State in the US. If the statute ran out, the debtor cannot pursue legal action to collect the debt from you. Taking your money from another ...
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  • 129k
17 votes

How to stop fraudulent recurring credit card transactions being forwarded to new card?

This is probably pretty simple. Contact your card issuer, tell them about the problem, and say cancelling the card didn't work. Tell them that unless they prevent any charges from the previous cards ...
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  • 30.3k
38 votes

How to stop fraudulent recurring credit card transactions being forwarded to new card?

The explanation is accurate, but not applicable to you. Note the "when the card on file has expired" part. You card hasn't expired, it's been canceled due to fraud. So your issuer, who's in ...
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  • 129k
1 vote

How to make sure that online/ATM/POS card payments always use one currency?

Generally, there are only two currencies involved in any transaction: The one the card is issued in and the one the merchant's bank account is in. If the two are the same, great. If they're ...
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0 votes

How to make sure that online/ATM/POS card payments always use one currency?

I have reached out multiple times to the card issuer and they told me it's not on their side and that they cannot do anything. This is very unlikely. Your cards are being recognized by the POS as ...
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  • 129k
0 votes

Does a non-permanent resident of the US have to close their credit cards before they leave the US?

There's no requirement that you close your credit cards, but there's also no requirements for banks to allow you keeping them. Closed credit cards stay on your credit history for 10 years (if positive ...
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  • 129k
4 votes
Accepted

What do the various types of APR mean on my credit card?

It works like this. For the first 15 "billing cycles" (meaning monthly statements) you will pay no interest on purchases. (You don't say so, but I'd bet you will pay interest on cash ...
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  • 30.3k
1 vote

Question regarding credit cards and their fees

If you use your credit card wisely, you wouldn't have to bear any charges. I had used SBI credit cards before and switched to HDFC Bank because SBI included numerous charges in my monthly bill. I've ...
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2 votes

Is donating money to charities / non-profits with a credit card considered a cash advance transaction?

In Australia, they are a cash advance. I used to make donations using my credit card, and that was never an issue. Recently, however, when I was about to make one, for some unknown reason I decided to ...
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