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What happens if you transfer money from your checking account to your credit card?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agonothing would because you are just moving it form one ting to aonthor
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What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Where can I Open A Checking Account without a credit check?
You can open a checking account with badcreditnic.com. The do no check your credit.
How does a credit card account differ from a checking account?
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
What is a checking account at a credit union called?
what is a chekcing account at a credit union
What does overdraft on your checking account mean?
== == Overdraft on your checking account happens when a withdraw or check written exceeds the funds in the account. Often banks will honor the withdraw or check but then charge the account owner on the borrowed funds. Many banks will offer overdraft protection which will pull money from a different account (often a savings account, line of credit, or credit card).
How do you get a checking account with bad credit?
Credit scores have nothing to do with checking accounts. Unless you've had major overdraft issues with a previous checking account you will have no problems opening a new one.
If you close a checking account wll it hurt your credit score?
Checking accounts are not normally reflected on a credit report.
Does having a checking account improve your credit score?
No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks. ______________________________________ Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts. I was told by my lawyer it does improve your credit if you keep your checking account in good standings he said the bank report it monthly to the crdit bureaus thats just what i was told
Should interst earned on a checking account be added to the checking account balance?
There is a way to earn interest on a checking accounts and can be added to the account. You will have to back through a credit union.
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.
When I transfer money with my credit card what do you see on my credit card account?
no
What is an overdraft protection fee?
An overdraft protection fee is a fee assessed to your account when: 1. You have set up overdraft protection for your checking account, usually in the form of a savings account or line of credit/credit card; and 2. You spend more money than you have in your checking account. Overdraft protection transfers money from the linked savings account or line of credit/credit card in order to pay for the expenses that you did not have enough money for in your checking account. There is a fee for this transfer, but it is usually much less - sometimes a savings of 50% - than an insufficient funds fee, which you receive when you spend more money than you have and do not have overdraft protection.
