If a credit card minimum payment is $50, and I pay $25 twice, does that count, or does it need to be at once?
815383
As long as you pay the company $50 before the due date for that billing period, you've made the payment.  If it's due Nov 30 and you give them $25 from your paycheck Nov 9 and $25 more on the 15th, you've made the payment.
1123389
its called a cash advance, they incure really high interst rates so be careful, you first have to set up a pin number with you credit card first
877732
Avoid this one like the plague as well.  It's a racket, it isn't a real credit card at all.  They only thing you can buy is overpriced junk from their catalog.  For that dubious privileged they charge you for the "card" and charge you a monthly fee.\n\nSave your money.  It isn't going to help your credit in the slightest.\n\nAnd yes, you will have to pay a shipping fee as well for items you purchase.
910336
It has been a few years since I worked with an online credit card account.  However, what I remember is this:  The processing is actually done in two steps.  1) The verifying --Verifies that it is a good card, and that the amount of the sale is available in the account, and  2)  Settlement -- Settlement is when the "charge" actually happens.  I actually had to go online and select the transactions for "settlement".  This was because we were not allowed to charge the card until the product shipped.  So, I suggest that there may be a way for you to verify, but not settle.  It may be that you could void the transaction as soon as it was verified.  That part I'm not sure about.  You may also be forced to verify with an amount.  You could use something nominal, say $.50.  Again, you would then need to void the transaction.
1019662
It will depend on the credit card.  I would definately ask before making this move.  I had a credit balance on one of my credit cards but it still only showed that my available credit was equal to my credit limit.  I would go to the bank and get a prepaid visa card for the purpose of paying the amount.  Then you don't have to worry about having the $2500 tied up for a month and possibly not being able to use it.
929900
I haven't processed credit card payments for over 10 years, but the rule used to be that you had to accept any charge - even a 25 cent pack of gum.\n\nHowever, I don't believe they had any rules about whether or not the business could have a surcharge to cover their losses on the small transactions.\n\nBusinesses are charged a percentage of total transactions made on credit cards. The percentage is calculated by the average amount of each charge. For example, if your average customer charges $250, you may only pay a fraction of a percent. However, if the average customer charges only $20, you'll pay a higher percentage.\n\nSmall charges lower the average, so the business gets burned on small purchases.\n\nContact your credit card company and ask if they have any policy barring businesses from collecting a surcharge. They won't know unless someone tells them.\n\n.
44285
You are correct.  The Office of the Comptroller of the Currency has mandated that banks will charge credit card holders a minimum payment of at least 4% of your balance.\n\nWhile this change has been in the works for some time, many banks will begin implementing it soon.  Here's a link from a story in the Cleveland Plain Dealer about the new policy:
287928
The bottom line is you need to know some terms before agreeing to either the credit or debit card. You should know as a minimum: \n\nCredit Cards\n1)the annual percentage rate(apr) _ The annual percentage rate--APR--is the way of stating the interest rate you will pay if you carry over a balance, take out a cash advance, or transfer a balance from another card. The APR states the interest rate as a yearly rate. )\n\n2)grace period to pay the full balance without being charged interest(The grace period is the number of days you have to pay your bill in full without triggering a finance charge. For example, the credit card company may say that you have “25 days from the statement date, provided you paid your previous balance in full by the due date.” The statement date is given on the bill. )\n\n3)if there are any fees(Most credit cards charge fees under certain circumstances eg annual fee, cash advance fee))\n\n4)how finance charges are calculated (The finance charge is the dollar amount you pay to use credit. The amount depends in part on your outstanding balance and the APR. )\n\n5)if there are any transaction charges for such things as balance transfer, late payments, cash advance, going over your limit, etc. \n\n6) Credit limit (The credit limit is the maximum total amount--for purchases, cash advances, balance transfers, fees, and finance charges-you may charge on your credit card. If you go over this limit, you may have to pay an “over-the-credit-limit fee.")\n\n\nDebit Cards\nWhen you pay with a debit card, the money is automatically deducted from your checking account. \nMany people prefer debit cards over checks for two reasons:\n\n-You don't have to carry your checkbook and present identification, but are still able to make purchases directly from your checking account. \n-You pay your bills immediately, unlike when you use a credit card and get the bill later.
948264
No. End financial result will be same as if no transactions ever took place. For the merchant, for the card issuer and also for the customer, there would be two transactions each: one credit and one debit for the same amount.
710063
Yeah, but they could consider it late regardless.\n\nSome companies have a 3 or 5 day grace period, though.  It should be on your bill.\n\nIf you're unsure, and you REALLY don't want it to be late (even by one day), call your credit card company and see if they have any immediate payment options.  Mine allows automatic bank drafts and also has a western union address, so we can run up to walmart, kroger, or any other place that does western union and pay it, and it posts immediately.
446604
Thanks for the points. But seriously. You paid for shoes and got two of the same foot? If you notice most stores have policies to have the cashier check that, so it must be common. First of all go to the store and demand the other shoe and if they don't have it demand full credit. It's a totally reasonable request. Ask for the store manager and repeat the same. They will give you what you want. If that doesn't work (which it should) and since you mentioned credit (if that's the case) call the credit card company and dispute the charge. You will hear from the store soon enough and probably end up with more than you paid. Unfortunately sometimes you have to make a bit of noise to get treated right.
184321
NOrmally, your credit card will have the following interests. One for purchases. One for cash advance. One for balance transfers.\n\nPurchases can have a promotional rate like 0% for the first 6 months of the card then it goes to Prime + xx%. Cash advances are normally 22% Balance transfers can be as low as 3% for the life of the balance depending on your credit history (both usage and payment) with your card company. You are correct, do not average them as it will only confuse you further. Treat them individually. The reason for the different rates is to "lure" you into spending much on the lowest interest segment, usually, balance transfers. While it is in your cardmember agreement in very fine print, all your payments will first be applied to the LOWEST INTEREST charges. When that is completely paid off then and only then will it apply to the second lowest and so on. Imagine you made a cash advance of $500 at 22% but have purchases of $700 at 17% and a balance transfer of $5000 at 3%. Until you are able to pay off completely the $5000, the $700 will continue to earn interest upon interest plus the $500 cash advance will rake in 22% month after month.\n\nMy advice to all is when you have a credit card with a low balance transfer rate, by all means use it for balance transfers only. Use another card to purchase goods. Or pay the balance off before doing a balance transfer.
996464
hell no ! just dont be late and you should try to pay a lil more than min i.e. min= 15 pay 25-30\nalways increaseses your score when you pay early and more than min! but has no affect if you pay just min so stop worrying!
995535
You should call the credit card company and check to see if your payment posted, if it did, you can charge as of the posted day.
649208
S/He's right.  It's too vague at the moment - you need to actually get some figures to be able to do anything meaningful.\n\nThen to compare them, you could look at a scenario where by you buy one item and just pay the minimum each month to see how long it will take.\n\nYou can then plot a graph showing the outstanding amount for the two cards (PS don't forget the fees!) - this will then compare them.\n\nThen you could expand your investigation for different scenarios (eg pay off everything each month, pay off everything every other month, pay off twice the minimum recommended amount, transfer a balance and do nothing else until you have to pay it off...)
223330
Typically, credit card companies will accept any amount you send them - it's money. However, unless you pay the minimum amount due, they will charge you late fees and interest and overlimit fees (if applicable) and cancel your card if they deem it necessary. The only way to help with this is to call the company and calmy explain your situation. They still may not work with you, but there is no way they'll work with you if you just ignore the situation.
811834
I have been very happy with my Discover Card, but I recommend that you also get a second credit card for the rare cases where Discover Card is not accepted.\n\nI highly recommend that if you get a credit card that you pay the full amount when due, so that APR is not a issue. If you can not pay in full, stop using your card, until you can. \n\nI  pay the full amount when due, well almost always <grin>,  there was one Christmas when I when overboard, plus a lot of travel. \n\nAlso make sure it not just an introductory APR.\n\nSome of the features I like (some of these are now dated).\n\nI forgot a payment was due and the day it was due, I call them to explain, they told me that I could go to a local Sears store and pay it there. I think I did this a couple time, not sure if this is still an option.\n\nI like their online site.\n\nI like the occassional 5% back on selected products.