Finance Metric - Q&A: Credit Card

Question: #3: Is it possible to transfer credit card balances toothers' credit card accounts?
Situation: Person A has multiple credit card balances on high interest credit cards and Person B has a credit card with a much lower interest rate. Due to a poor credit history, Person A can't obtain a low interest credit card. They've agreed to transfer it to Person B's low interest credit card and have Person A pay Person B the monthly payments to make it easier to pay down their high interest balances.Is this possible? - asked by Matt

Answer: ... - answered by: Jennifer M
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Question: #4: What credit card would you recommend for someonetrying to re-establish good credit history?
I have decent credit but I had cancelled all my cards when trying to get out of debt. I am now free of all unsecured debt but I need to have a card so in the future I won't be hurt by having no credit.I'm thinking I want a card with no annual fee and a low APR. The card would only be used very occassionally and paid off immediately. I have no desire to repeat previous mistakes.Does anyone have any recommendations for a good card for this purpose?Okay, as I said, but everyone is skipping, is that I have decent credit. My credit score is 700.When I got into trouble I went into debt consolidation right away BEFORE my credit got screwed up.But I do appreciate those of you who are taking the time to answer. - asked by Tamborine

Answer: ... - answered by: teenriodoll
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Question: #5: What credit card companies give you a credit cardwith bad credit?
I have terrible credit!! The only card that I am able to sign up for is a pre-pay card where I basically borrow my own money. I need to establish good credit somehow any suggestions? - asked by Ultimate Guitar Hero!

Answer: ... - answered by: jamesPurple
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Question: #6: Should I get a credit card? How do you choose thebest credit card?
I just finished college, and work full time. I have a debit card, and building good credit from paying off loans. A lot of people have been telling me to get a credit card, but I wonder if it really is necessary. Please give me some good reasons to get a credit card other than building good credit. The only other advantage I know about is those point-system/rewards credit cards, that earn you miles or other things. And what is the best credit card to get for a first time credit card holder? The number of choices are a little overwhelming. How did you choose your first/main credit card? - asked by Acrow

Answer: ... - answered by: $m¤¤v¥ £¤¢¤
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Question: #7: What credit card should I look into getting?
I am looking into getting a credit card for emergencies only, though slowly building up my credit is a bonus. I am mainly looking to get a credit card because I will be studying abroad in Ireland in January and would like the security of a credit card for emergencies. What types of cards would be best for a 19-year-old college student that would be accepted in Ireland and what types of things should I look for in my search for the best credit card for me? Again, this card would only be used for emergencies. Thanks! - asked by laracharmer

Answer: ... - answered by: RAIN-for-ISHII
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Question: #8: What type of credit card can I apply for and getapproved with current bad credit to startrebuilding?
Im currently disputing a lot of derrogatory info on my credit reports from all 3 agencies. I currently have no major credit cards and was informed that if I opened a credit card account and made the payments on time that would up my credit score. - asked by Mrs. E

Answer: ... - answered by: Reality Check
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Question: #9: What is a good credit card to get that you almostwill never get turned down for?
I currently have two credit cards, but would like to get one final one. I've been getting turned down for a few recently that I thought sounded good. What are some good cards and websites where I can get a credit card that almost every gets approved for? I'm young(21) and trying to establish some more credit. My friend got approved for a Best Buy credit card tonight and his credit isn't that good. However, I just want a main card(for example: visa, discover) and not a store card. Thanks for any help. - asked by JD

Answer: ... - answered by: Goblin g
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Question: #10: Add credit card debt amount to new home purchase?
I have about 25K in credit card debt. I am planning to buy a 540K house. Currently I have great credit, is it possible to add my credit card debt into the home loan in order to make it a single monthly payment. What is the loan program called? I am shooting for 5 yr. ARM. Me and my wife plan to live there for about 3-4 yrs. - asked by Ronald c

Answer: ... - answered by: Tracy A
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Question: #11: Is giving my credit card,debit card and bankaccount information to paypal and ebay safe?
There are rumours about money theft by unauthorized persons from your debit cards,credit cards and bank accounts.I am planning to do business online.Will it be safe to give my credit card, debit card and bank account number to paypal and ebay. - asked by Surain C

Answer: ... - answered by: DIANE A
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Question: #12: My credit card balance is over 50%. How long willit take my credit score to go back up?
Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I'm over 50% of the balance, and I just learned that's bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks. - asked by Casey

Answer: ... - answered by: Mariposa
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Question: #13: What credit card company offers the best deals onBusiness Credit Card?
I have good credit and im in the market for a business credit card. What company offers the best rates, offers, cash back programs ect? Please give me some ideas on programs i should look into from the major cards like, AE, Discover, MC, and Visa. - asked by Evilish13

Answer: ... - answered by: Sarah M
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Question: #14: What is the difference between a credit card and apre approved credit card or is there nodifference?
I am looking to raise my credit score and I have been turned down buy credit card companies and I spoke with someone that said I could get a pre approved credit card but i thought all credit cards were pre approved. Please help me I need to raise my credit score. Thanks - asked by kita

Answer: ... - answered by: Reality Check
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Question: #15: Is credit card debt considered an open account ora written contract?
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80's or early 90's. Thanks. - asked by Stephen S

Answer: ... - answered by: Studly
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Question: #16: Is a credit card number really valid for a depositon a service?
I own a small business which often takes credit card numbers over the phone as a deposit. We recently had a customer no show, and she contested through her credit card company when we charged her (she claims it wasn't explained when she gave us her #). The credit card company took her side and said it is policy to allow anyone contesting to get their money back if there is no signature. How can this be? So many hotels and services take card #'s as deposits! - asked by JNate

Answer: ... - answered by: searaydreams
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Question: #17: What is the ideal credit card for a collegestudent to get?
I am looking to get a credit card basically for emergency purposes (mostly for those unexpected car repairs) and christmas time when I don't have the money for gifts (I have a large family). What would be the ideal credit card for me to get? I have2 store credit cards, which are always paid off before I even recieve the bill, and an excellent credit score due to those cards, and student loans. I am looking for a card that doesnt have an annual fee, any suggestions? - asked by yeahhh

Answer: ... - answered by: diana a
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Question: #18: What is Travel credit card? Which is the bestcredit card company for visa card and master card?
What is Travel credit card? Which is the best credit card company for visa card and master card? I’m thinking to get a visa card and want to know that travel credit card allow earning point when you use it for purchase. - asked by lavina c

Answer: ... - answered by: drew2376
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Question: #19: How can I get my credit card company to reportaccount information?
I got my credit report today and it shows that my total credit amount is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit/max balance and that all of my credit cards hadn't been reported since April. Is there an effective way to contact the credit card companies and get them to report accurate and up to date information to the credit bureaus? I feel that this issue is affecting my credit score, so I would like to fix this.Thanks in advance. - asked by awill110

Answer: ... - answered by: ZinaRae
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Question: #20: What credit card is higher a Band of AmericaPlatinum Plus or a Bank of America SignatureCredit Card?
With the World Points Credit Card what is higher a Platinum Plus or a Signature. What is the difference in terms of APR, Eligibility etc? What is the highest level of cards? Is My Concierege a good service? Are the airfares really without blackout dates? Is there accident insurance. With the new Bank of America World Points card with 1.25 points is the Platnium Plus the highest level? - asked by travelplus

Answer: ... - answered by: G C
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Question: #21: How exactly does a credit card work?
I want to apply for a credit card that starts out with a minimum credit line of $300. If I get it, it will be my first credit card. If I get the $300 credit, I want to make a purchase for like $200. Is this a good thing or a bad thing to do? Can someone give me some good tips on handling a credit card without getting bad credit?I will mostly be using this card trying to start an at-home business.Ya mama b*tch. Eat my p*ssy, h*e!!!Oh, rudecatt63, you've hurt my feelings ever so much, I'm going to cry....NOT. For someone who keeps visiting the GLBT section and has a rainbow in they're background, you sure do do a lot of gay bashing. Self hate is so stupid. But then again if I were you, I would probably hate myself too. - asked by indrep33

Answer: ... - answered by: Smartypants
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Question: #22: What is the best credit card for an 18 year old?
I am only getting a credit card so that I can make small purchases and pay them off right away to build my credit. Please do not lecture me on how to use a credit card, I am already fully aware. I just want to know which credit cards have the lowest rates for an eighteen year old with no credit. Thanks in advance!If you are just going to answer "none' don't bother. - asked by alilley07

Answer: ... - answered by: jmattiesmufc
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Question: #23: What is the best credit card to apply for for thefirst time?
I have years of excellent on-time rental history, however I have no credit because I've never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I'm just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions? - asked by flori0009

Answer: ... - answered by: sam k
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Question: #24: What is the best credit card to get for a collegestudent?
I would like to know which credit card is best since I am a college student. Some people tell me it's "Capital One" other say that's the worst since they get unknown charges, others say that the credit card from your bank is better. So which credit card has been best for you guys??? This is my first time getting a credit card (in which I hate them' cause u get addicted to it) so I have no idea of which 1 to get. - asked by Rose

Answer: ... - answered by: J13891
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Question: #25: what is the best credit card for a first timer whowants to build credit?
I am very responsible with how I spend money, so please don't lecture me on how credit cards are so dangerous. I've waited til I felt financially secure enough to get one. I just want one so I can work on establishing credit. I want to make one or two monthly purchases and pay them off so I can have some credit. I just want to know what kind of card should I look into getting.I know I want a card with low-intrest rates(who doesn't) and no annual fees. I am also a college student. If you can give me any information on a card you think I should look into, please let me know. thanks a bunch. - asked by cyndaylou

Answer: ... - answered by: laurenm49
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Question: #26: Which credit card companies will give credit cardsto someone who is a discharged bankrupt?
A friend of mine was made bankrupt a few years ago, but has been discharged for about 18 months or so. So he can try and build his credit up, which credit card companies would allow him to obtain a credit card? He is not interested in the interest rate etc - he just wants a company who will definitely say yes, as if they say no, it will make his credit scoring worse. - asked by devil_fish_2000_uk

Answer: ... - answered by: JanJan
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Question: #27: Closing a credit card account that is inactive?How much will it affect my credit report?
I've had this account for about two years, and I haven't used it in a long time, and I'm thinking of closing it but I don't know how it would affect my credit report. This is a secure credit card, with only a $300 limit. I have two other credit cards that I use a lot more often and I've been very responsible about paying bills on time. - asked by jenahfah

Answer: ... - answered by: JD_in_FL
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Question: #28: What is the best credit card for an 18 trying tobuild credit?
I’m soon to be 18 and am looking to get a credit card to help build credit. My dad said the best thing to do is to just use it to buy gas, but I’m not really all that up to date on how credit cards work and which ones are the best. Does anyone have any wise credit card wisdom to pass on to me? - asked by illusional_reveur

Answer: ... - answered by: Tiffany D
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Question: #29: What category does a credit card loan go to whenthe debit is for equipment for your business?
Will my credit card be under a cost of goods account, expense account, loan or what? The equipment had already been paid in full by the credit card, now we are paying the credit card off. Should I name the credit card as a vendor? - asked by queen_kat779

Answer: ... - answered by: GordShumway
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Question: #30: What is the best credit card to suit my needs?
I want a credit card with a good balance tranfer offer. Six months at 0% will do fine. It might be nice for it to be otherwise a good credit card too because I might pay the balance off in about a month and still want to use the credit card.I already have a Amazon credit card with Chase so I think I need to use a different bank. - asked by Robert B

Answer: ... - answered by: April H
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