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Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
Can i close my credit card account and open with the same lender for introductory offer again?
It is not the purpose of an introductory offer to get people who already have an account to close it and then open a new one, so this would be a somewhat devious act on your part. Whether the credit card company will allow it, is up to them, but I would advise against this strategy.
Does your credit score go down if you close a credit card account but do not have any credit card balances and do have an auto loan?
Simply closing a credit card should have no impact on your credit scores. However, consumers need to have open credit accounts (including 2 - 4 revolving accounts), that are paid as agreed, in order to have the highest possible score. Sooner or later the lack of this variety of credit accounts will be reflected in the point range. Rather than close this account, why not keep it open (the existing history will help your score), use it monthly for a small purchase, pay it off in full (and ON TIME). You will eventually need to open another revolving account and use it in the same manner for the highest possible scores. Be sure to time the opening of your next account for a time when your score can accommodate the deductions for the inquiry and "new account" status.
What is a hybrid bank card?
A Hybrid Bank card is a card that is linked to your debit account (funds you have in an instant access account like a cheque account) and also offers a line of credit. The user may opt to access the line of credit at transaction time. This is not the same as an 'overdraft', the line of credit is kept seperat and distinct from the debit account and attracts higher interest and charges, should the user access it.
What does transferring credit card balance to new card do to credit?
Generally, after two (2) months, the balance transfer from one card to another only minorly impacts one's credit. The key is the additional or new account and the utilization of the line on the account. If you transfer a balance to a NEW account as part of the application/onboarding process, your credit score will be reduced. If you transfer a balance to an EXISTING account that you don't use regularly, your credit score will be reduced. If you transfer a balance to an EXISTING account that you use on a regular basis, your credit score will either remain the same or be reduced.
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
Is the credit card number the same as the account number?
No, The credit card number is the long string of numbers embossed on the card. The account number is not shown on the credit card - it will be on your statements.
Can i close my credit card account and open with the same lender for introductory offer again?
It is not the purpose of an introductory offer to get people who already have an account to close it and then open a new one, so this would be a somewhat devious act on your part. Whether the credit card company will allow it, is up to them, but I would advise against this strategy.
Can a credit union in Arizona through which you had a credit card freeze your bank account?
Yes, a credit union in Arizona could potentially freeze your bank account if you have a credit card through them and have outstanding debts or unpaid balances. However, they would likely need to go through a legal process and obtain a court order before taking such action. It's important to communicate with the credit union to resolve any issues before it escalates to this point.
Will credit card fraud against you affect your credit score?
Unfortunately, it will reduce your credit score. What happens is that the original credit card account shows as closed, and you have a newly issued credit card account with a new number through the same credit card issuer. It will take at least 2 years before the newer credit card account is seen as a seasoned trade line.
How can one open an account with American Express?
There are a variety of means to open an account with the company American Express. They are primarily a credit/prepaid card company. Contacting the company directly, via their website of the same name or phone, is the best way to open an account with American Express.
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
What is the difference between check card debit card and credit card?
A check card and debit card are the same thing. Basically, if you already have a checking account, you would use a debit/check card the same way you would if you wrote a check. You make sure that you have the money in your checking account, scan the card at the retailer, and they will deduct that money from your checking account. A credit card is a loan. You don't necessarily need a checking account to have a credit card. When you swipe the credit card, the credit card company is paying for your purchase out of their money. In turn, they will send you a statement or invoice at the end of each month detailing how much you spent and how much you must pay. The major difference is that a credit card can lead to debt if you aren't disciplined. If you only use a check/debit card, you will never go into debt. When you run out of money in your checking account, new transactions will be declined.
Does a secured credit card build credit the same was a normal card?
No, you have to deposit money in the account first, after that they give you a credit based on the amount you deposited. But the deposited amount stays in there until they change it to an unsecured card.
Is it possible for 2 credit cards to have the same number?
If they are attached to the same account. My wifes card has the same numbers as mine.
Does your credit score go down if you close a credit card account but do not have any credit card balances and do have an auto loan?
Simply closing a credit card should have no impact on your credit scores. However, consumers need to have open credit accounts (including 2 - 4 revolving accounts), that are paid as agreed, in order to have the highest possible score. Sooner or later the lack of this variety of credit accounts will be reflected in the point range. Rather than close this account, why not keep it open (the existing history will help your score), use it monthly for a small purchase, pay it off in full (and ON TIME). You will eventually need to open another revolving account and use it in the same manner for the highest possible scores. Be sure to time the opening of your next account for a time when your score can accommodate the deductions for the inquiry and "new account" status.
Can a non-profit organization open a merchant processing account to accept donations via credit card?
Yes, a non-profit organization can open a merchant processing account for the purpose of accepting credit card donations. However, the non-profit organization must go through the same process as any other business, so the approval process can be lengthy. Also, the fees charged by the bank may vary. The advantage is that the non-profit organization will receive the credit card donations more quickly and the name of the non-profit will show up on the donor's credit card statement.
