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Usually it means that you have a credit balance and the credit card company owes you money. This occurs when you pay more than you owe or you receive a refund from a previous purchase.
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Is a 13 percent or 18 percent APR for a credit card better?
The APR is the amount extra that will have to be paid if there is an outstanding balance on a credit card.If the outstanding balance for a year is 100, the extra that would have to be paid is:13 % APR13/100 x 100 = 13 18 % APR18/100 x 100 = 18 As a consumer, the 13 extra to pay given by the 13 % APR is obviously better.As a credit card company, the 18 extra to be paid by the 18 % APR is obviously better.
Why does the mimimum payment on my Master Card account go up each month even though the balance goes down?
You should check the terms of your card. These may be enclosed with your bill each month and this should explain in detail how the minimum payment is calculated. Alternatively, you can call the 1-800 number on the back of the card and have the customer service people explain it to you in detail. It is very important to be aware of the terms and conditions of the credit cards you hold; these are legal agreements just like a loan or a contract.
What do the numbers in an American Express card mean?
Here's a great article that explains what all the numbers on a credit card mean http://techniglee.com/2011/01/credit-card-numbers-explained/
How do you make a credit card from a java script?
DUGONG
What is the APR on a basic Chase credit card?
The APR on a basic Chase card is around 10%.
What do parentheses mean in a account balance?
That means that you have a credit on your account. So you don't have to pay anything to the credit card company because you paid too much, or you got a credit for something returned.
How can a credit card balance be checked?
Your credit card statement in the mail. You can also check your credit card statement online. Just log into your account and you will see your account balance. You can even pay your credit card bill online.
What does chase balance transfer stand for?
A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.
What is the purpose of a balance transfer credit card?
A balance transfer credit card is used to transfer your balance from one account (such as your personal account) to another account (such as a business account). This is the quick, hassle free way to move your money around.
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
What is a credit card balance A?
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
Do you have you pay to get a credit card?
Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.
Do you have to pay to get credit card?
Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.
What is credit card balance?
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
What is a credit card balance?
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
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.
