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You need LOTS of money, a clean credit history, clean criminal record and a team of guarantors... and that's just for starters.
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Can an authorized user on a credit card become the sole account holder?
No, credit card accounts are not transferrable. It might be possible for the person to become a joint account holder, but that would depend upon the card issuer's lending policy.
Can you reopen a credit card that was closed by the issuer?
No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.
Can credit card images be personalized?
Credit card images can be personalized depending on your credit card issuer. Most credit card issuers offer a service for credit card personalization for a fee.
What is the apr on a credit card?
It varies - according to the issuer. A typical APR is around 19.8% for a credit card, or 37.5% for a store card.
What is the difference between debit and visa card?
A debit card is a card that is connected to your bank account. If you pay with your debit card, your purchases will be charged to your bank account. A visa card is usually an unsecured credit card. When you pay with a credit card, the issuer pays for your purchases and the issuer will bill you for the purchases with additional interest for using their services. In other words, your purchases are on credit.
What country had the first credit card issuer?
The United States had the first credit card issuer, Diner's Club.
What happens when you buy something using a credit card?
the credit card issuer pays the store
Can an authorized user on a credit card become the sole account holder?
No, credit card accounts are not transferrable. It might be possible for the person to become a joint account holder, but that would depend upon the card issuer's lending policy.
Can you reopen a credit card that was closed by the issuer?
No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.
Can credit card images be personalized?
Credit card images can be personalized depending on your credit card issuer. Most credit card issuers offer a service for credit card personalization for a fee.
What is the apr on a credit card?
It varies - according to the issuer. A typical APR is around 19.8% for a credit card, or 37.5% for a store card.
how does the credit card payment system work?
When you authenticate a payment on a card, the merchant's payment system will send a request to the card issuer to ensure that funds are available either in the account or in credit. The card issuer will supply an authentication code to the merchant approving the transaction. The card issuer will then arrange for the transfer of funds to the merchant's bank.
How do you convert euros to?
The credit card issuer will automatically convert the currency for you.
Do you have to have a bank account with the bank that issues the credit card?
No - in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn't matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a 'security deposit' of a certain amount in the institution chosen by the credit card issuer (usually their own bank).
What is the difference between debit and visa card?
A debit card is a card that is connected to your bank account. If you pay with your debit card, your purchases will be charged to your bank account. A visa card is usually an unsecured credit card. When you pay with a credit card, the issuer pays for your purchases and the issuer will bill you for the purchases with additional interest for using their services. In other words, your purchases are on credit.
Can you use your debt card as credit?
No - a debit card and a credit card are two entirely different methods of payment. With a credit card, any purchases are immediately paid for by the card issuer to the retailer (assuming you're within your credit limit) - and the issuer charges you monthly interest on the outstanding balance until the account is paid off. With a debit card, you can only make purchases if you already have the money in your account.
What steps should you take if there is a suspicious charge on your credit card?
You should contact your card issuer to report the incident.
