Question in connection with credit cards?
Tell me if this is legal, I get hold of two credit cards (assuming i have the credit, etc.)I bear 5000 dollars out with the first credit card, afterwards I use the second one to pay it sour a day previously the first payment, consequently I use the first credit card to pay sour the second one and etc.
Now is this legal?
What are some of the problems beside this plan?
Are there fees or penalty that banks enjoy in place to discourage this plan?
Thanks surrounded by Advance
Answers: It's legal to payment one CC with another, but it will cost you. Most bank have a 3% change advance tax. They all charge interest from the first hours of daylight you borrow the money.
Even if you could do this what is the advantage, it doesn't clear sense to bounce back and forth from one card to another basically taking money out and paying money back?
I borrowed my mom's credit card to buy something from the internet, what are the probability she will find out?
It was lone a 15 dollar item.Answers: Once she gets the bill. It itemizes everything. She'll know what you bought and from where on earth.
Well, any charges will show on her monthly credit card statement, so if she monitors this closely, she will see the charge.
What might be worse is that if she doesn't know it was you who made the charge, she may imagine her credit card number has be stolen and call and quash her credit card.
Maybe you should fess up and not 'borrow' your mother's credit card to buy things she hasn't approved of.
I think you suggest "STOLE" if you "borrowed" it, she would already know,because you would have asked her.
The credit card company sends an itemized bill every month.
Hey-----there is a really good coincidence if she gets the bill and looks at it to wages it, she will see. That is wrong of you to do, that is fraud and drastically bad to do. =====
She'll find out when she see the bill.
there really istn a route you can hide it fromher.
shes gonna find out no issue what
sorry.!
Only 15 dollars? What's the threshold between "only" and more than "only". You stole 15 dollars from your mom. You are and should be in trouble. If you're lucky, you'll cram your lesson and never do it again.
What is the best credit card for a college student?
What's the best credit card for a college student? What does is a finance charge if truth be told? What is a defualt and cash credit apr. I've never had a credit card, but I want one to build credit. What is the best credit card beside the lowest rates I can get?Answers: One of the best student credit cards contained by the field is the MTVu card. It's a portion of the citi bank's wonderful thank you network and the points can literally be redeem for anything. This credit card will also give you points for have good grades. It have one of the lowest APRs and great rates.
the best credit card? is no credit card.
a finance charge is the interest you remuneration on the balance that you do not retribution off every month.
non-attendance apr is the interest rate you will pay if you founder to make
payment(s) is could be one or more depends on the card and the interest rate could dance to more that 30% in some states. Read the fine print. Cash credit APR is the interest rate that you pay from the minute you nick the cash .
There is no dutiful credit card, they are way to uncomplicated to run up and as a student way to intricate to pay bad.
Build your credit after you get out of institution.
concentrate on your studies.
Different banks hold different credit card plans, and you can often acquire a credit card for little or no fee by linking it to your existing reason. For example, if you have a ridge account at RBC, you can obtain a student VISA card account for free (or $4 or so a year depending on your plan). The interest rate is around 18-19%, and the lolly advance depends on the plan, and could be from $0 to upwards of $1000. The starting hinder on student VISAs (at RBC) is often $2500.
Having a credit card can be handy for a college student when paying for tuition (which you can regularly do online) and books.
The best card is the one that you use responsibly and pay down beforehand you emerge from college in the hole. Credit card companies want you to do that btw, they don't want you to pay cheque ontime.
This means NOT using your card for Domino's.
catch a student card
you might want to go here to compare them, pick one specifically right for u
http://www.bestcreditrates.net
In today's erudite world, most students need a college student credit card and the pious news is that the offer for these are plentiful. Many creditors are very anxious to own the new college student apply for and get hold of approved for a student credit card, because they realize that if they can strike up a good relationship beside this customer at this young age, next it is highly feasible that they will be their customer for life. And build no mistake about it, the credit card industry is making money appendage over fist these days, especially since incredibly few consumers pay their entire bill within full at the end of the month, so adjectives those interest charges add up.
But the wellbeing of getting a college student credit card is also the bad report because many college students hold not yet academic responsible financial management. The temptations when a student is away from home, living surrounded by the dorm or an apartment, are tremendous – spending a little here to hold a night out at the pub or dance club, spending for a moment there to chip contained by for a keg of beer, whipping out the plastic to get airline tickets (even though they are a great deal) for the spring break trip to Florida, and the account goes on.
What happen is that the student is tempted to judgment this as "free money" since there are not dollars bills floating out of his wallet at the time of the purchase, so it almost seem like they are getting something for "play money". But generate no mistake about it, at hand is nothing mythical about the reality that this student has basically racked up some charges on that college student credit card, and it will be a taste of stark trueness when he starts to get call from the credit card issuer asking for payments to be made on time. Read more from: http://www.credit-card-gallery.com/artic...
Maybe this resources is adjectives for you,Have a look,it is free.Good luck for you.http://creditcard.expertips.info/0-apr-c...