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It depends. Generally speaking, you can't just call a credit card company and ask them to reduce your balance (more correctly, you can call and ask, but they won't normally do it). However, if you get very far behind in your payments, some credit card companies will make arrangements to lower your balance and some won't.
What else can I help you with?
What is Cr Crd Pmt mean on bank statement?
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.
Can you transfer a spouse's credit balance to credit card?
Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.
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 outstandanding balance in a credit card?
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
What is balance transfer credit card?
A balance transfer credit card is offered when a business lets you transfer the balance from your old credit card to a new credit card with little to no cost. It's often much cheaper than getting a new credit card from a large or expensive business.
What does it mean to transfer credit card balance?
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
What is Cr Crd Pmt mean on bank statement?
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.
What is the balance on your new credit card?
There is no one balance on a credit card, they are all different.
How do you write a credit card interest reduction letter?
what information do I need to list on a letter to ask for a interest rate reduction for a credit card?
Can you transfer a spouse's credit balance to credit card?
Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.
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 outstandanding balance in a credit card?
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
What is balance transfer credit card?
A balance transfer credit card is offered when a business lets you transfer the balance from your old credit card to a new credit card with little to no cost. It's often much cheaper than getting a new credit card from a large or expensive business.
Can you pay off someone else's credit card balance through a balance transfer?
Yes, you can pay off someone else's credit card balance through a balance transfer by transferring the balance to your own credit card account.
What is the best credit card for balance transfer?
There are many good credit cards for balance transfer. For example, Visa credit card provides a good balance transfer service. American Express credit card does too.
What happens if you get a refund on a credit card with no balance?
If you receive a refund on a credit card with no balance, the refund amount will typically be credited to your account as a negative balance. This means you will have a credit on your account that can be used towards future purchases or you can request a refund of the credit balance from the credit card issuer.
How does credit card reduction work?
Credit card consolidation or reduction occurs when someone consolidates the amount owed on their credit card to make one payment. This eliminates the amount of interest is paid and can reduce ones debt quicker.
