According to my knowledge, prepaid credit cards do not have contracts. The reason being is the credit card is prepaid. This means that the card is already paid for, therefore there is no contract to be signed in the first place.
Yep, other wise you might have to continue paying fees and having an unused credit card lowers your credit rating.
Credit cards don't have a "balance on them." The reader essentially just reads the credit card number, then communicates with the credit card company's computers to find out if the purchase can be approved or not.
People who misuse credit cards are charged for misusing credit cards.
Businesses that accept credit cards have to pay a fee to partially cover the cost of the transaction being processed by the card company. Businesses accept credit cards to keep the consumers purchasing from them, so they also pay the credit card fees for be able to process transactions this way.
It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.
I assume you refer to credit cards. CANCEL all credit cards immediately. Call the credit card company's number (on your monthly statement) and explain to the rep what's going on.)
One can opt out of credit cards after paying their bills completely by cutting up the card, right through the chip, or by called the card company to cancel their services.
"Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a zero balance the credit card company might cancel the card."
call and cancel them ASAP
That is up to the CC company. Normal if you file they will cancel the card ASAP. But not always best to inform the CC company what you are doing.
the owner pays the credit cards because they owned the company
These early cards were issued by the private company itself based on the credit policy of that company.
the best way to protect your credit cards if it is lost is to call up ur bankand tell them to cancel the card.
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
No, you should always cancel them out if you have plans for them. It is viewed as a bad thing when there are more cards available to you. The more cards you have the more can can go into debt. There fore the less is better from a credit rating standpoint.
Household bank is a lending company. They issue credit cards and prepaid debit cards for people with bad credit or no credit.