All Questions
Tagged with credit-history credit-card
93
questions
11
votes
4
answers
4k
views
0 APR Promotional Offer For Credit Cards
I’m currently learning about personal finance and I just found out that there are some credit cards that will give zero interest rate for a certain period of time (10-20 months).
I know that to get a ...
- 115
0
votes
1
answer
298
views
F1 visa and credit card debt
I am currently in the US on an F1 visa and I have over 4000$ credit card debt (4 maxed out credit cards). I make on time payments each month and should pay it all within a year. Can I leave the US and ...
- 1
-2
votes
1
answer
125
views
How credit score is improved after debts are paid off
Here is a scenario for the credit score improvement I am interested in. Suppose a person can not pay the credit card debts for over 6 months. This is very bad for his credit score because unpaid cards ...
anon
1
vote
1
answer
165
views
Does overpaying credit card to pay a much larger sum than your credit limit to get cashback negatively impact credit score?
I am an immigrant and the concept of credit cards is fairly new to me, I understand it enough and know that using more than 30% percent of your credit card can hamper or negatively impact my credit ...
- 13
2
votes
3
answers
381
views
Why do Credit Card companies reduce credit lines?
For the second time this year, I've had a credit line reduced. I can't think of why. My accounts are paid off monthly, my FICOs are all in the 800s. By any measure I'm a good risk, what does it matter ...
- 151
2
votes
2
answers
390
views
Is it possible to force-update Equifax that a specific credit card balance has been paid off?
I called credit card issuer and they told me that they reported the latest $0 balance to credit bureaus.
I logged in creditkarma.com and can see that at least Transunion report shows latest $0 balance ...
- 709
0
votes
1
answer
318
views
If I get a credit card without providing a SSN/ITIN, will they still report my activities like normal?
I am a new student in US with no SSN/ITIN at the moment. I want to apply for unsecured Bank of America credit card and secured capital one and citi/US bank credit cards. But I don't know if I get ...
user109157
12
votes
3
answers
7k
views
Is it common practice for credit card company to demand to see your income tax forms?
I recently applied for a credit card that my wife has. I was responding to a great offer that I believe this credit card company sent me based on my good credit score and so on.
When I applied online, ...
- 355
14
votes
4
answers
4k
views
Is it better to have/use more credit cards to build credit history/score?
If someone has a credit card with $5,000-$10,000 credit line, and the average amount of monthly payments of this person is around $1500, what is the best scenario for this person to increase their ...
user109157
1
vote
1
answer
472
views
What will happen if I remove myself as an authorized user of a credit card?
If I am an authorized user of a credit card for a period of time and the card owner has a good credit score and has a positive effect on my credit report, if I want to remove myself as an authorized ...
user109157
0
votes
1
answer
200
views
Which is better to build credit score? Becoming an authorized user of another credit card or get a personal secured credit card?
I am new to the US with a F-2(student dependent) visa, I want to have credit history and build credit score in the US. I think I have three options but don't know which is better to do or maybe better ...
user109157
1
vote
3
answers
206
views
Which is worse for credit score: Bank closure for inactivity, or consumer closure, of a credit card?
Even if a zero-balance credit card is not used, the account age and available credit limit help a person's credit score.
If the person decides they no longer wish to use the card (e.g. due to a ...
- 2,905
4
votes
4
answers
925
views
Should I open a second credit card just to improve my credit score?
I have one credit card, which is the only line of credit that I've ever had. I've never missed a payment, keep my credit utilization ratio reasonably low, and haven't had any other negative impacts on ...
- 205
-1
votes
3
answers
201
views
Paying more than your monthly credit card balance?
When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit ...
- 321
4
votes
3
answers
517
views
Keep secured credit card open?
I am young and want to try to start building credit. The tellers at SunTrust advised that I start with a secured credit card, and eventually I will transfer to an unsecured one. Is the transfer like ...
- 321
4
votes
3
answers
234
views
Will hard pull affect my credit score even if I don’t currently have one?
Background
I’m an international student who is currently on OPT
I just received my SSN 2 months ago
I have never applied for any credit card at any bank in America
I don’t have any student loan or ...
- 53
0
votes
1
answer
100
views
How long does it take for a major payment to influence better terms on credit cards or personal loans?
I have ~$10K in cash "thanks" to way overpaying IRS the previous 2 years. I'm not very good at doing my own taxes, apparently.
I can use it to pay off some credit card debt, which is ...
- 873
0
votes
1
answer
532
views
Best Buy bait-and-switched me into applying for a credit card, how and when should I cancel it?
I'm buying a new $3,000 fridge from Best Buy and during the check-out, I was offered the opportunity to apply for a store card in exchange for a 10% discount "on first day of purchases". I ...
- 170
0
votes
2
answers
175
views
What is the effect of closing an account immediately after it is opened?
I applied for a credit card, intending to use an offer for no interest for X months on a purchase from the retailer offering me the card. They accepted the application, but informed me that I couldn't ...
2
votes
1
answer
683
views
Is selling tradelines safe?
I recently learned about selling tradelines. As far as I understand it users with credit cards with long credit histories and large limits sell authorized user positions to people looking to improve ...
- 2,592
2
votes
1
answer
349
views
Change credit card, keep age of credit line?
I have two credit cards that charge fees and have significantly downgraded their value to me. In both cases I would like to switch to no-fee versions of the same card, but I don't want to reduce my ...
- 121
-1
votes
1
answer
2k
views
How soon can I close Amazon rewards credit card after opening?
I got the card today for the $70 sign up 'Gift Card', only have 2 other credit cards with $5,000+ limits with $0 balance on both and want to know when I can close the Amazon account. I only spent ....
3
votes
4
answers
439
views
Will my credit score go down if I don’t borrow money for few years?
My credit score is relatively high. Due to personal circumstances I don’t intend to use my credit cards for the next 3 years. I won’t be getting any loans either.
At the moment I have no debt at all, ...
- 383
0
votes
1
answer
195
views
When does credit card utilization matter?
I'm learning more about credit before I get a credit card, and I read that it's advised to never use more than 30% of your credit card's limit.
Let's say someone has a $2000 credit line and he spends ...
- 103
2
votes
3
answers
305
views
Can you build credit history without getting a credit cards or taking on debt?
As far as I know I have no credit history as I have never had a loan or credit card. I buy things using a debit card tied to my credit union bank account and prefer not to have a credit card at all. I ...
3
votes
1
answer
137
views
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/...
- 1,245
2
votes
1
answer
120
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 ...
- 21
2
votes
1
answer
499
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 ...
- 211
10
votes
4
answers
2k
views
Should I max out my first credit card in order to build credit if I can pay the balance immediately?
I was just approved for my first credit card. I will be making a large purchase soon which will exceed my credit limit. I could split the purchase between cash/debit card and my new credit card or ...
- 203
0
votes
1
answer
183
views
Credit Utilization and Score. Early re-payment
I feel like this may result in the same unanswered question but I'm gonna ask it anyway just in case we can get a definitive answer.
Does paying off your credit card (before a statement is generated) ...
- 101
5
votes
2
answers
789
views
How to build a credit history, for a 78 year old with none? Turned down for secured card
I helped a 78 year old neighbor apply for a secured credit card but he was turned down for having "no credit history".
He has had no credit cards for 30-40 years, no credit accounts, nothing. On ...
- 2,560
2
votes
1
answer
3k
views
Does paying off my credit balance before the due date for a lower utilization rate hurt my score?
Last month I opened a cash rewards credit card with Bank of America. I am worried about my credit score, as my first closing date was the end of September. I paid off the balance that I used a ...
- 23
0
votes
2
answers
861
views
Is it a reasonable request for $1,000 credit limit increase?
I currently have the Barclay Apple Rewards credit card which I received on 06/2018 with a $1,000 credit limit. I used it to finance the purchase of a $950 iPad for school. I was given 12 months to ...
5
votes
3
answers
533
views
Can you hurt a nonexistent credit score?
I am a student, I just started my sophomore year. I have always been very financially responsible. Now, I want to start building my credit, so I did my research and applied for a student credit card. ...
25
votes
6
answers
7k
views
Should I, as a young person, get a credit card with "bad" conditions?
I'm a twenty year old in Russia, not enrolled in education, working full-time officially for a software development company. I'm earning a taxed steady income that can be considered decent, yet when I ...
- 369
3
votes
3
answers
254
views
When / how is credit card interest charged? [duplicate]
I'm currently a student in college in the United States. I have a scholarship, and I work, so I'm in the fortunate position of earning more money than I'm spending. I have a credit card, but pretty ...
2
votes
2
answers
2k
views
Authorized user on Lowe’s credit card (only credit history besides phone bill) how will this affect me when applying for an auto loan?
I’m 18 with a credit score of ~719. My grandfather added me on his Lowe’s credit card ($8,000 limit). He’s had this credit card for over two years and it shows up on my credit report as if I’ve had it ...
- 21
1
vote
1
answer
122
views
Affect of Credit card Utilization rate on Credit scores (for Balance Transfer)
Scenario 1:
Two Credit cards have 50% utilization rate each
Interest savings are moderate
Convenience factor - medium
Scenario 2:
One card has 90% utilization rate.
Interest savings are higher as ...
- 582
1
vote
1
answer
129
views
Does opening credit cards at different banks impact credit score?
I have been building credit with a card for about 6 years while I went through school. My credit score is decent so I'm looking into opening another card to take advantage of cash back deals and ...
- 113
0
votes
3
answers
197
views
Best way to build a credit history for a graduate student in the US
I'm a first year graduate student in the US, and I'm considering several options to start building credit history.
1) Apply for a local credit union secured credit card (without annual fee)
2) Apply ...
user88299
1
vote
2
answers
288
views
Credit Report debt expiration limit: original creditor vs. Collection
I am confused about how the statute of limitations with regards to debt applies to what is reported on an actual credit report from the 3 credit reporting agencies in the United States. Researching ...
- 11
2
votes
3
answers
431
views
Is it ok to have multiple life time free credit cards?
I am currently having two life time free credit cards. These cards do not charge any annual fees. And another bank is offering me such credit card. I was thinking if I should go for it as
its rare ...
- 173
1
vote
1
answer
81
views
Credit card accounts and credit score [duplicate]
I m relatively a new resident in the US. I opened an account with BofA (oct/2016) and after struggles they approved me for their student secured credit card account (700$). After 4 months I applied ...
- 145
21
votes
4
answers
8k
views
How to recover from credit score hit from paying off loan?
My credit score recently took a dip after I paid off my student loans recently.
When I look at the credit report via mint it shows a "not bad" rating for number of accounts opened. ("not bad" is the ...
- 660
21
votes
5
answers
5k
views
Confused: Should I be opening more no annual fee credit cards to improve my score with the intention to not use them?
I was told that having more cards and more open accounts was more of a risk factor since you have more credit to abuse. However, this seems to say otherwise that credit trackers actually encourage you ...
- 1,199
2
votes
2
answers
519
views
Opening 5 credit cards at once with no history to ruin, is it a good idea?
I have no credit. I'm a student, who has never had a credit card short of a secured card I had a few years ago that I was poorly advised to close, and now I'm trying to build credit.
Conventional ...
- 1,383
7
votes
2
answers
534
views
Can credit cards look at your credit report without your authorization (and reduce existing credit limits)
Just received a somewhat disturbing email where several of my credit cards from Citi have had their limits reduced. Email quoted / enclosed below.
Q: I did not authorize for them to look up my credit ...
- 360
3
votes
1
answer
164
views
How do I remove a charge-off from my credit score?
I currently have a credit score of 667. The only negative note I have is from a credit card where I owed $4,100 but failed to make any payments for 22 months. That debt was eventually charged-off. ...
- 161
4
votes
4
answers
581
views
Is there any reason to turn down a pre-qualified credit card offer?
I am frequently assailed by unsolicited letters from various credit card companies informing me that I am pre-qualified for credit cards with various goodies such as no annual fee or 0% APR for around ...
- 655
37
votes
9
answers
9k
views
Purpose of having good credit when you are well-off?
I notice people talk about credit scores for many things, but typically they are:
Helping tools for mortgages;
Ability to get better loans;
Ability to get better financing options.
The general ...
user50524