answersLogoWhite

0

💰

Credit and Debit Cards

Credit cards are instruments that facilitate revolving debt for consumers so that they may acquire goods and services and pay the card issuer the amount of the charge plus interest at a later date. Debit cards pay for purchases at the time of sale by deducting the amount immediately from the consumer's deposit account.

500 Questions

Why is there a magnetic strip on credit cards?

User Avatar

Asked by Wiki User

The magnetic strip on credit cards stores encrypted information such as account number and cardholder's name, making it easier for card readers to access this data for transactions. This technology was widely used before the adoption of more secure chip cards.

How do magnets work in credit cards?

User Avatar

Asked by Wiki User

Magnets can disrupt the magnetic strip on credit cards, which contains important information for transactions. When a credit card is exposed to a strong magnetic field, it can potentially erase or damage the data stored on the magnetic strip, rendering the card unreadable by card readers. It's best to keep credit cards away from magnets to avoid this issue.

What is a magnetic strip?

User Avatar

Asked by Wiki User

A magnetic strip is a narrow piece of magnetic material used to store data on cards, such as credit cards or identification cards. It contains encoded information that can be read by swiping the card through a magnetic card reader.

What does one milliliter equal?

User Avatar

Asked by Wiki User

One milliliter is equal to one thousandth of a liter. It is a unit of volume commonly used in the measurement of liquids.

What are the benefits of having good credit?

User Avatar

Asked by Wiki User

Having good credit can help you qualify for lower interest rates on loans and credit cards, increasing your purchasing power. It can also make it easier to be approved for rental housing, cell phone plans, and even job opportunities. Good credit can also improve your overall financial well-being by giving you more financial flexibility and saving you money in the long run.

If Capital One gave me a credit card will Citibank give me one too?

User Avatar

Asked by Wiki User

Not necessarily. Each bank has its own criteria for issuing credit cards, so being approved for one from Capital One does not guarantee approval from Citibank. Factors such as credit score, income, and credit history will play a role in the approval process.

Can you use travel money card on board ship in Caribbean?

User Avatar

Asked by Wiki User

It depends on the cruise line and their specific policies. Some cruise lines may accept travel money cards as a form of payment onboard, but it's best to check with the cruise line directly to confirm their accepted payment methods.

What is a statement of justification?

User Avatar

Asked by Wiki User

A statement of justification is an explanation or reasoning provided to support or defend a decision, action, or belief. It helps to clarify the rationale behind a particular choice or course of action.

Why do unlike charges attract each other?

User Avatar

Asked by Wiki User

Unlike charges attract each other because they have an imbalance of positive and negative charges, creating an electric field that pulls them towards each other in an attempt to neutralize the charge difference. This attraction is governed by the fundamental force of electromagnetism.

Multi-purpose foam cleaner Tuff Stuff?

User Avatar

Asked by Wiki User

Tuff Stuff is a versatile foam cleaner that can effectively clean various surfaces such as fabric, vinyl, and carpet. It is suitable for use on car interiors, appliances, and household items. Just spray the foam on the surface, let it sit, then wipe or scrub clean for a fresh and renewed look.

What happens when a collection becomes a judgment?

User Avatar

Asked by Wiki User

When a collection account becomes a judgment, it means that the creditor has taken legal action against the debtor and obtained a court judgment. This gives the creditor more power to collect the debt, such as garnishing wages or placing liens on property. Judgments can have serious consequences on one's credit score and financial situation.

How do you answer lawsuit discovery questions?

User Avatar

Asked by Wiki User

To answer lawsuit discovery questions, review the questions carefully, gather all relevant information and documents, and respond truthfully and accurately. Consult with your lawyer if needed to ensure that your responses are compliant with legal requirements and protect your interests. It's important to respond within the specified time frame provided by the court to avoid potential consequences.

Can a joint Chapter 7 be filed by a divorced couple if most of their debts are still joint?

User Avatar

Asked by Wiki User

Yes, a divorced couple can file a joint Chapter 7 bankruptcy if they still have joint debts. This can help simplify the process and discharge their joint debts more efficiently. However, they should consult with a bankruptcy attorney to understand the implications and requirements of filing jointly.

Is there any way to get a 3-phase motored 15hp 120 gal compressor to work on any kind of residential hookup?

User Avatar

Asked by Wiki User

It is not recommended to run a 3-phase motor on a residential single-phase electrical supply as it may damage the motor or cause it to run inefficiently. The best option would be to use a phase converter to convert the single-phase residential supply to three-phase power for the compressor. Consulting with a qualified electrician is advised to ensure proper installation and operation.

What are the benefits of having a study hall?

User Avatar

Asked by Wiki User

Having a study hall provides students with dedicated time to focus on completing homework, studying for exams, or working on projects. It can help improve time management skills, reduce stress related to school work, and offer a quiet environment conducive to learning without distractions.

Can a person with a mental health disorder be held responsible for credit card debt?

User Avatar

Asked by Wiki User

Yes, a person with a mental health disorder can be held responsible for credit card debt unless they are declared legally incompetent by a court. However, their mental health condition can be taken into consideration in determining their ability to manage their finances. It's important to seek legal advice in such cases.

What is the characteristics of rewards and punishment?

User Avatar

Asked by Wiki User

Rewards and punishments are two sides of the same coin as they are both methods used to encourage or discourage certain behaviors. Rewards are positive reinforcements that recognize and reinforce desirable behaviors while punishments are negative reinforcements that discourage undesired behaviors. The characteristics of rewards and punishment can be broken down and summarized as follows:

  • Rewards:
    • Rewards are positive reinforcements that are provided when a desired outcome or behavior is achieved.
    • Rewards can take the form of verbal praise tangible items privileges or other forms of recognition.
    • Rewards are most effective when they are immediate relevant meaningful and consistent.
  • Punishments:
    • Punishments are negative reinforcements that are used to discourage undesired behaviors.
    • Punishments can take the form of verbal reprimands time-outs loss of privileges or physical punishments.
    • Punishments are most effective when they are consistent and applied immediately after the undesired behavior.

Rewards and punishments are both important tools that can be used to shape behavior and encourage desired outcomes. It is important to remember that rewards and punishments should be applied in a balanced way and that they should be used to reinforce positive behaviors rather than punish negative behaviors. By using rewards and punishments in the right way it is possible to create an environment in which people are motivated to do the right thing.

What user should be alert and report all following except one?

User Avatar

Asked by Wiki User

All users should be alert and report any suspicious activity, unauthorized access, or unusual behavior on their accounts, except for themselves. Users should promptly report any potential security breaches to the appropriate authorities or IT support team.

All users should be alert and report a user you do not recognize?

User Avatar

Asked by Wiki User

Yes, it's important to maintain vigilance and report any unfamiliar users to platform administrators or moderators. This helps ensure the safety and security of the online community by preventing potential risks or harmful behavior. Prompt reporting can help address concerns efficiently and maintain a positive digital environment for all users.

John and Charlie both completed a stress scale John's score was very high and Charlie's score was very low What might this predict?

User Avatar

Asked by Wiki User

This difference in stress scale scores might predict that John is experiencing a high level of stress while Charlie is experiencing a low level of stress. John may be more at risk for negative health outcomes related to stress, while Charlie may be more resilient to stress. It's important to consider individual factors and context when interpreting these scores.

All users should be alert and report what?

User Avatar

Asked by Wiki User

All users should be alert and report any suspicious or concerning activity they encounter. This helps maintain a safe and secure environment for everyone using the service or platform.

If a husband is sued how can the wife protect the family assets?

User Avatar

Asked by Wiki User

One way the wife can protect family assets is by ensuring that assets are held in her name only or in a trust that she controls. It may also be advisable for the husband to transfer assets to the wife before any legal action is taken, while keeping in mind the legality and implications of such transfers. Seeking legal advice is crucial to determine the best course of action based on the specific circumstances of the lawsuit.

How can you tell if you are being two timed by someone you are dating?

User Avatar

Asked by Wiki User

Signs of being two-timed can include inconsistency in communication, unexplained disappearances, and lack of commitment in the relationship. Trust your intuition and have an honest conversation with your partner about any concerns you may have.

Can a person imprisoned for non payment of poll tax?

User Avatar

Asked by Wiki User

Poll taxes have been ruled unconstitutional in the United States by the 24th Amendment, which states that the right to vote cannot be denied or abridged based on failure to pay a poll tax. Therefore, a person cannot be imprisoned solely for non-payment of a poll tax.

On January 18 Karen received her credit card statement specifying that the due date to pay the bill is January 30. Which Act was violated in this scenario?

User Avatar

Asked by Wiki User

The Credit Card Accountability Responsibility and Disclosure (CARD) Act specifies that credit card issuers must give consumers at least 21 days after the mailing of the bill before payment is due. In this scenario, the credit card issuer violated the CARD Act by allowing less than 21 days from the statement date to the due date.