Saturday, December 17, 2011
How do credit card refunds work if you've already paid the bill?
say that your credit card bill is $20 and you pay it off. You then have to get a refund for a product that was $10. Since you've already paid the credit card off in full, where does that $10 refund go?|||It goes into your account as a credit. It first gets used to pay for anything you buy before the next months cycle and if there's anything left at the end of the cycle it is shown as a credit to be used the following month. If you closed the account and it had a credit you would get a check for that amount.|||A credit for nxt months bill
My business wishes to have credit card autodebit facility for the customers. How to go about it?
Credit Card Autodebit - customer sign up an agreement form so that an amount is deducted from their credit card account for payment purpose.
What authority I need to get approval from? What are the choices?|||See your banker? That could be a starting point.
What authority I need to get approval from? What are the choices?|||See your banker? That could be a starting point.
What can you do to lower your credit card interest rate?
Several years ago I developed a chronic medical condition,lost my job %26amp; was unemployed several years. I used my savings to pay my credit cards until I missed 2 payments in a row. I contacted the credit card company, worked out a deal to pay them back.
I am now employed, current on my bills %26amp; have been for several months even though they are charging me an usurious interest rate 29.95% I believe. I have not used this card since several months before my missed payments. I contacted the card company to lower this amount but they refused.
What are my options?|||You can call them to reduce the rate. They may reduce it slightly. Here's a trick that I do. I save all of the offers I get in the mail. Many times there are offers that will give you 0% or less than 5% interest if you transfer your balance from one card to another. So, basically you can carry a balance with little or no interest for 6 months to over a year in some cases.
Then, when the low rate is going to expire, do it again and transfer to another card with a great offer.
It is completely legal and really improves your credit. The credit report shows that you paid off a card in full, when all you did was just move the money around. However, with such low rates you should be able to pay off the debt.
Good luck|||What I would do is get a credit card with a really low interest rate and pay the others off with that one.|||Try to clean up your credit report: http://www.jdoqocy.com/click-1995821-102鈥?/a>|||you have to find a card with a better rate. make it your mission. i think they have already jacked up your interest as high as they can, what do you have to lose. be polite but persistent.you current creditors are under no obligation to give you a better rate, but before you give up, try asking supervisors as far up as you can to give you a better rate. try every month. with that said, smaller banks and credit unions can give you a better deal.|||cancel the card and pay them as much as you can every month. As long as you attempt to pay they have a hard time taking you to court|||You pay as much as possible every month from the outstanding amount. Never keep payments close to the minimum amount due.. Once your increased rate of payments becomes a steady pattern , you can ask the same company or other company to give you a line of credit which you can use for any emergencies, but continue with the enhanced payment. After a year, ask a Bank for a Loan to cover the remaining outstandings and pay off the credit card company. Thereafter , use the credit card only for convenience of not carrying cash, but not for credit.Settle the bills promptly and they will go on enhancing your limits. Never exhaust your limits and never default in the card payments hereafter. Slowly, but surely, buld up a savings pool to tide over emergencies like the loss of a job or an illness in the family,etc.|||pay it off|||Generally they do give a due date. Try tomake the payments before the due date to avoid any penalty. There some banks who give a 60 day interest free period. If one can settle before the due date it will not attract any interest.
I am now employed, current on my bills %26amp; have been for several months even though they are charging me an usurious interest rate 29.95% I believe. I have not used this card since several months before my missed payments. I contacted the card company to lower this amount but they refused.
What are my options?|||You can call them to reduce the rate. They may reduce it slightly. Here's a trick that I do. I save all of the offers I get in the mail. Many times there are offers that will give you 0% or less than 5% interest if you transfer your balance from one card to another. So, basically you can carry a balance with little or no interest for 6 months to over a year in some cases.
Then, when the low rate is going to expire, do it again and transfer to another card with a great offer.
It is completely legal and really improves your credit. The credit report shows that you paid off a card in full, when all you did was just move the money around. However, with such low rates you should be able to pay off the debt.
Good luck|||What I would do is get a credit card with a really low interest rate and pay the others off with that one.|||Try to clean up your credit report: http://www.jdoqocy.com/click-1995821-102鈥?/a>|||you have to find a card with a better rate. make it your mission. i think they have already jacked up your interest as high as they can, what do you have to lose. be polite but persistent.you current creditors are under no obligation to give you a better rate, but before you give up, try asking supervisors as far up as you can to give you a better rate. try every month. with that said, smaller banks and credit unions can give you a better deal.|||cancel the card and pay them as much as you can every month. As long as you attempt to pay they have a hard time taking you to court|||You pay as much as possible every month from the outstanding amount. Never keep payments close to the minimum amount due.. Once your increased rate of payments becomes a steady pattern , you can ask the same company or other company to give you a line of credit which you can use for any emergencies, but continue with the enhanced payment. After a year, ask a Bank for a Loan to cover the remaining outstandings and pay off the credit card company. Thereafter , use the credit card only for convenience of not carrying cash, but not for credit.Settle the bills promptly and they will go on enhancing your limits. Never exhaust your limits and never default in the card payments hereafter. Slowly, but surely, buld up a savings pool to tide over emergencies like the loss of a job or an illness in the family,etc.|||pay it off|||Generally they do give a due date. Try tomake the payments before the due date to avoid any penalty. There some banks who give a 60 day interest free period. If one can settle before the due date it will not attract any interest.
Which credit card is best for a 19 year old college student trying to build credit?
I am deciding right now between the following two cards
Chase +1 SM Student MasterCard庐
Citi庐 mtvU鈩?Platinum Select庐 Visa庐 Card
I am hoping to just build a litte bit of credit while I have a part time work-study job at my school and don't know which of these cards I should apply for. Also will it be easy to get approved for one of these with no credit?|||The Citi mtvU card has a better rewards structure.
Why not try for both?
Visit the website below and look in the Credit Pulls database for your state to see which credit reporting agency Citi pulls.
Chase is almost always Experian.|||It is usually best to try to go for the type of credit card your bank offers because you already have a history and relationship with them. If you have a savings account you use meaning you put more money in it than withdraw and maybe some investments like stocks this will be good as well and it will help you more easily get approved. I would also advise getting nothing higher than a $500 limit to start you are a student after all you don't want to put yourself into debt. Another thing that will be good to do once you get your card is always pay it off in full before the payment is due not only will this look good on your credit you will also never have to pay any interest if it is paid off in full. Also remember never pay just the minimum payment you will be no farther ahead next month. The card I would recommend for you is the TD Rebate reward Visa mainly because with this card you get back up to 1% of what you spend at the end of every year so there is some incentive for using the card and also the fact that there is absolutely no annual fee. This is the credit card I have and I am a student and I love this card. TD also has a credit card selector tool which you can use to help you pick the card that is right for you. Hope this helps :)|||If I had to choose between just those two, I'd go with the Citi mtvU card. (I wish I could get it, but I'm not a student.) The Citi mtvU card is the only card available that offers 5% rewards at restaurants, books stores, movie theaters, and video rental stores.
By the way, there are other good student rewards cards depending on your spending profile (categories you spend on). You can use this rewards calculator to see which of several student rewards cards will pay you the most in rewards for your entered spending profile:
http://www.creditcardtuneup.com/?card_ty鈥?/a>
While I agree with others' replies that credit cards can be dangerous, if used with discipline, credit cards can be a good thing for you. The best way to use credit cards is:
1. Find the best rewards card(s) for your normal spending (e.g. using a calculator like the one I linked to above)
2. Funnel most/all of your normal spending through your rewards card(s) without max'ing them out
3. Always pay your monthly balance in full and on time
That way you:
1. Build your credit quickly
2. Avoid any interest/fees
3. Earn great rewards on the money you were going to spend anyway (as cash)
If you're a disciplined person, that's definitely the way to go.|||I have one through my bank, Bank Of America. Its a student credit card. They told me I should get it to help build credit and they're pretty good about interest since its a student card. If you're choosing between those two I would say the Student Mastercard since its for students it will be easy to get approved since you don't have credit yet.|||May I be totally honest with you?
It is a bad idea to get a credit card to "build" your credit, and totally unnecessary. Don't do it, my young friend. We are brainwashed into thinking we need credit cards; in most cases we do not. Just because everyone does something doesn't make it right. I am a financially successful person who cut up his credit cards a long time ago. I can still rent cars, purchase things online, and book hotel rooms without them.
Here's my advice: Read The Total Money Makeover by Dave Ramsey. This book will set you free from the North American debt myths that plague our society.
Remember, all debt except mortgage debt is EVIL.|||Discover Card|||None. You don't need them. Take a personal loan before you get one. There nothing but trouble.
Chase +1 SM Student MasterCard庐
Citi庐 mtvU鈩?Platinum Select庐 Visa庐 Card
I am hoping to just build a litte bit of credit while I have a part time work-study job at my school and don't know which of these cards I should apply for. Also will it be easy to get approved for one of these with no credit?|||The Citi mtvU card has a better rewards structure.
Why not try for both?
Visit the website below and look in the Credit Pulls database for your state to see which credit reporting agency Citi pulls.
Chase is almost always Experian.|||It is usually best to try to go for the type of credit card your bank offers because you already have a history and relationship with them. If you have a savings account you use meaning you put more money in it than withdraw and maybe some investments like stocks this will be good as well and it will help you more easily get approved. I would also advise getting nothing higher than a $500 limit to start you are a student after all you don't want to put yourself into debt. Another thing that will be good to do once you get your card is always pay it off in full before the payment is due not only will this look good on your credit you will also never have to pay any interest if it is paid off in full. Also remember never pay just the minimum payment you will be no farther ahead next month. The card I would recommend for you is the TD Rebate reward Visa mainly because with this card you get back up to 1% of what you spend at the end of every year so there is some incentive for using the card and also the fact that there is absolutely no annual fee. This is the credit card I have and I am a student and I love this card. TD also has a credit card selector tool which you can use to help you pick the card that is right for you. Hope this helps :)|||If I had to choose between just those two, I'd go with the Citi mtvU card. (I wish I could get it, but I'm not a student.) The Citi mtvU card is the only card available that offers 5% rewards at restaurants, books stores, movie theaters, and video rental stores.
By the way, there are other good student rewards cards depending on your spending profile (categories you spend on). You can use this rewards calculator to see which of several student rewards cards will pay you the most in rewards for your entered spending profile:
http://www.creditcardtuneup.com/?card_ty鈥?/a>
While I agree with others' replies that credit cards can be dangerous, if used with discipline, credit cards can be a good thing for you. The best way to use credit cards is:
1. Find the best rewards card(s) for your normal spending (e.g. using a calculator like the one I linked to above)
2. Funnel most/all of your normal spending through your rewards card(s) without max'ing them out
3. Always pay your monthly balance in full and on time
That way you:
1. Build your credit quickly
2. Avoid any interest/fees
3. Earn great rewards on the money you were going to spend anyway (as cash)
If you're a disciplined person, that's definitely the way to go.|||I have one through my bank, Bank Of America. Its a student credit card. They told me I should get it to help build credit and they're pretty good about interest since its a student card. If you're choosing between those two I would say the Student Mastercard since its for students it will be easy to get approved since you don't have credit yet.|||May I be totally honest with you?
It is a bad idea to get a credit card to "build" your credit, and totally unnecessary. Don't do it, my young friend. We are brainwashed into thinking we need credit cards; in most cases we do not. Just because everyone does something doesn't make it right. I am a financially successful person who cut up his credit cards a long time ago. I can still rent cars, purchase things online, and book hotel rooms without them.
Here's my advice: Read The Total Money Makeover by Dave Ramsey. This book will set you free from the North American debt myths that plague our society.
Remember, all debt except mortgage debt is EVIL.|||Discover Card|||None. You don't need them. Take a personal loan before you get one. There nothing but trouble.
How are credit cards used safely online? what is the exactly happnes after you give your credit card # online?
I would like to know the exact process, as to what happns with my credit card number, after I use it online? Does a computer code it? Or is my number accessisble to others?|||It depends on the website that you give your number too. If it is a secure site then you are 99.9% not going to have any trouble. If it's not a secure site then you shouldn't give them anything. To know if it is secure or not, the web address should begin with "https://", the s means secure, or there should be a little picture of a lock in the bottom right corner of IE. Most secure sites also tell you they are certified by VeriSign or some other company. When you give them your number it is encoded and transmitted to their server, and then is transmitted to the credit card company for verification.|||Usually (hopefully always) your credit card number is encrypted so that it can't be read while it is being transmitted to the store's website. Once it gets to the website, who knows? The store may just use the credit card number once for the purchase, then "throw it away,", or it may put your credit card number in encrypted form into a database, or it may put it into a database without encrypting it.
Usually a store will put their privacy policy on their website for you to read, and you have to take it on faith that the policy is actually implemented, and that no other mistakes are made with the data.|||When you type in your credit card number on a web page, your computer encrypts the numbers before sending it over then internet for processing (assuming the web site is secure, I wouldn't enter my numbers on a unsecured site). The numbers are processed by machines only, no human eye should see your credit card number, besides those looking at the monitor when you typed it in.
It's a lot safer then when you go to a restaurant, and the waiter walks away with your credit card for a few minutes.|||Okay be extremely wary of using your credit card on line because once you have submitted your cc number it becomes accessible to the company and they will continue to bill you for various iteims. Always read the fine print I have had this problem many times and this has caused my bank account to bounce like a basketball. What they do is say you order a cd online and only want that cd well they will continue to send you cd's that you did not order or do not want and charge you for it....BE VERY CAREFUL|||I have ordered several things online without a problem,most sites you order are a secure site,nobody else can see your number,and after you place your order the final step is they give you a copy of it to print for your records. just be careful with Paypal if Paypal ever emails you and wants your information, that is if you even have a paypal account, don't give them any information, its a bunch of theives with a fake site that looks exactly like paypal
Usually a store will put their privacy policy on their website for you to read, and you have to take it on faith that the policy is actually implemented, and that no other mistakes are made with the data.|||When you type in your credit card number on a web page, your computer encrypts the numbers before sending it over then internet for processing (assuming the web site is secure, I wouldn't enter my numbers on a unsecured site). The numbers are processed by machines only, no human eye should see your credit card number, besides those looking at the monitor when you typed it in.
It's a lot safer then when you go to a restaurant, and the waiter walks away with your credit card for a few minutes.|||Okay be extremely wary of using your credit card on line because once you have submitted your cc number it becomes accessible to the company and they will continue to bill you for various iteims. Always read the fine print I have had this problem many times and this has caused my bank account to bounce like a basketball. What they do is say you order a cd online and only want that cd well they will continue to send you cd's that you did not order or do not want and charge you for it....BE VERY CAREFUL|||I have ordered several things online without a problem,most sites you order are a secure site,nobody else can see your number,and after you place your order the final step is they give you a copy of it to print for your records. just be careful with Paypal if Paypal ever emails you and wants your information, that is if you even have a paypal account, don't give them any information, its a bunch of theives with a fake site that looks exactly like paypal
What credit score must you meet to get a capital one business credit card?
When applying for a Capital One Credit card you can see what credit you should have to get approved, but the business card does not have that. Does anyone know? Or do they go by your business revenue?|||UNLESS you have been in business several years and have an established business credit record the credit is gained through your own personal credit reports.
What would happen to my credit card if the bank fails?
I have a WaMu credit card (love it because it has a good interest rate AND I can see my credit score 24/7 at no charge). They are in trouble financially for the same reason as a lot of other banks are. So if they go under or get sold or some other catastrophic thing happens to WaMu (or indeed to any credit card issuer), what happens to my credit card account? Can they demand all outstanding balances as immediately due and payable?|||Whenever something like this happens another bank鈥攖he one that took over the credit division of your bank (or your bank)鈥攚ill also take over the accounts. Your credit card may eventually be rebranded and it will be managed differently to reflect a new company's interests (e.g. right now, as a WaMu cardholder, you get a free PFICO, and that may change unless it is guaranteed in your terms), but you will keep your account (as you would keep any debt you have).
IcyKold's scenario will not apply.|||The account (if you carry a balance) will be sold as a receivable. However, it will convert to a closed-end loan. Thus, no more using the card. Reason being the first 6 digits on the card are the BIN, Bank Identification Number. Visa/MC's systems will not function properly if one bank is managing cards issued with multiple BIN's. Even worse, the system would melt down if one BIN was used by multiple banks. The whole routing of transaction information to move money needs this one-to-one relationship. |||The accounts are sold with the biz and you continue to pay as usual.|||Another firm that is solvent will take over your account...Don't count upon not having to pay the debt back....sorry.|||oh gosh i got wamu cc too and i sure dont know the answer and would like to hear others input.|||you'll end up paying for all of bank's debt. good luck! MUHAHAHA!!
IcyKold's scenario will not apply.|||The account (if you carry a balance) will be sold as a receivable. However, it will convert to a closed-end loan. Thus, no more using the card. Reason being the first 6 digits on the card are the BIN, Bank Identification Number. Visa/MC's systems will not function properly if one bank is managing cards issued with multiple BIN's. Even worse, the system would melt down if one BIN was used by multiple banks. The whole routing of transaction information to move money needs this one-to-one relationship. |||The accounts are sold with the biz and you continue to pay as usual.|||Another firm that is solvent will take over your account...Don't count upon not having to pay the debt back....sorry.|||oh gosh i got wamu cc too and i sure dont know the answer and would like to hear others input.|||you'll end up paying for all of bank's debt. good luck! MUHAHAHA!!
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