Should I get a credit card? I’m a teen (16) with a part-time job and I was wondering if it would be a good idea to get a credit card. I can confidently say that I have good self-control and I don’t spend more than I need to. I have a pretty solid spending plan and budget. I know that the big rule to using a credit card is to always pay the balance in full every month and t…

Are there problems with Payment Gateways in Canada/USA using prepaid credit cards visa or Mastercard gift cards Has anyone heard of any issues people are having with prepaid gift cards like Vanilla Mastercard or Visa cards not working with some payment providers? If you have any details or experiences please share. I‘m helping someone setup a store and they said all gateways are the same but I’m personally having a problem using my prepaid cards online. O…

Student loan is my longest line of credit. If I pay the loans off, does that long line of credit go with it? Pretty much as the title says. I probably have 5 lines of credit, 4 credit cards with 2-5 years in total, as well my student loans with 12 years or so. I would like to just do a lump sum once the pay cycle resumes next month and call it a day, but will this lessen my credit history/negatively impact my credit score? submitted by /u/looses…

Can someone help me make a plan to pay off my credit card please??? EDIT: I’m 26 years old no parental figures for years because parents were addicts and grandpa died 6 days after High school finished so I have had no one to guide me in adult life and things like credit and loans The new used car is a new problem. I got it August 1st. Before that I had a 2 year medical loan for $180 a month that I finally paid o…

Enterprise rental was scratched – filing claim with credit card? So I am renting a car rn, and while parked it was scratched by the car next to it, leaving behind some of that car’s paint. (It’s a very unique Dodge Charger yellow-ish color that left the scratch on my rental). I didn’t buy the damage waiver, but my credit card (Capital One Savor One) does have rental car coverage as secondary. I took some pict…

Possible Identity Theft – Multiple Unexpected Hard Credit Check I’m posting on behalf of a friend. If it matters, she lives in Massachusetts. My friend just got a credit inquiry alert for a new hard credit check listed on her Experian credit report. There were two new hard inquiries that were reported today. One is a credit check from Discover Bank, the business type is listed as FM, which apparently transla…

How to lower interest rate on large credit card date to pay it off more responsibly? My wife and I (and 1 4yo child) have a large amount of high interest CC debt that is mostly old debt but we were forced to pay the minimums for a few years and erased any progress we made paying it down and then some. Our income increased dramatically recently but we want to utilize it better. The interest on the credit cards is killing us and …

LPT: If you have a fraudulent charge on your credit card, don’t just report it to the credit card company. Also report it to the company where the fraud happened. TL;DR – Credit card companies do not share why a charge was declined or charged back with a merchant. If a charge is declined or charged back, the merchant may block you from doing business with them, even if that charge was fraudulent and you are not liable. Make sure the bank AND the merchant know it was fraudulent! Earlier this year, I was in…

Applying for my first credit card with no credit history. Would rejection hurt my future credit score? I’m an international student at a U.S. college and have no credit record. Trying to get my first credit card so I can build a good credit score. I had a chat with a relationship manager at my bank today, and based on my relationship status (tied to my joint account with my parents’ status back home) and the fact that I’ve banked with them in the…

Recommendations for travel credit card I am looking into travel credit cards but don’t have much experience. I live in the US and I plan to travel at least once a year mostly international. I am unsure if I should be focusing on airline, hotel, or general use cards. So far from my brief research I am leaning toward either chase sapphire preferred or reserve. My credit stays in the 80…

Will not having multiple types of credit, like a car loan, hurt my rate for a mortgage loan? Already have good credit I have a used toyota corolla that works fine and will last 6 years from now when I plan to buy my first house. But my only form of credit currently and for the next 6 years will be credit cards, is this a bad thing? I don’t want that to hurt my chances at a good rate for my house loan or lower the amount. I can afford to get a new Toyota Corolla…

Audible 2 titles for 1 credit sale Audible is hosting their *Meant to be Heard Audiobook Sale* and is offering *2 Audiobook Titles* for *1 Credit* valid for *Audible Premium Plus Members* only. Thanks to community member…

When You Should Overpay Your Credit Card While most of us focus on making timely payments to avoid interest and fees, have you ever wondered what happens if you overpay your credit card? Whether it’s part of your credit strategy or some autopay mistake, overpayment happens—sending you into a negative balance. Here’s what to know about the pros and cons of… Read more…

Is charging tax on a credit card processing fee customary? The business I work for is currently using a website that includes fees (delivery fee, service fee, and credit card processing fee) in the subtotal and then the subtotal is used to calculate the state tax. They are stating that the fees have to be taxed, but that seems off. I thought the goods were the only things that needed to be taxed. su…

I just received my first Credit Card I received my first credit card in the mail, it’s a discovery card. What is the best way to use it to build credit and set my self up for the future more. submitted by /u/PolarizationBrain

Credit card questions I have 3 credit cards. 1 discovery from when I was a student about 12,000 limit (I use it for reoccuring charges like wifi and keep it low limit. Chase sapphire which I use for most purchases. Southwest credit card since I travel a lot and southwest has a hub near me. Would you recommend closing and getting a different one? I have no debt on th…

applying for retail credit cards while on credit freeze a coworker just told me that while at a Kohl’s she was offered a discount on her purchase if she applied for a credit card regardless of whether she was approved. She typically keeps her credit frozen to prevent identity thieves from opening cards in her name, and so she knew she would be denied. She was, but still got the discount saving $50 or…

Should I use student loans to pay off credit card? I have 2.7k in credit card debt. I cannot afford more than minimum payments of 83 each month. The interest is 22.4apr. I should also mention this is a closed account but it is not charged off yet. I can take out enough in subsidized loans to pay that off completely. I won’t graduate until summer of next year. Should I take out the student loans…

Was reimbursed via Virtual Credit Card, but I am not a business. I am but a man. UPDATE: PayPal to my wife with her sending it back worked. I’m not sure why Venmo didn’t. I thought they were the same. Leaving this up in case anybody in the future comes across a similar issue. I tried to search it on Reddit and wasn’t smart enough to find a similar thread, so maybe this will be useful for someone in the future. Thank you all!…

Credit card debt at retirement age Mom has $30k in credit card debt. She just turned 65, is not working currently. She is receiving disability of about $2k per month after a liver transplant. Her 401k has 90k in it and she has 40k in savings. Should she draw from her 401k to pay off the credit cards? Or use her savings? She has 5k in her checking account. Any idea on the best sol…