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What situation would result in a credit card issuer charging a cash advance fee?
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∙ 6y ago
a cardholder takes out $400 from an ATM
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Can you reopen a credit card that was closed by the issuer?
No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.
How many credit cards can you have with one issuer?
Generally, there are no limits, but once your debt to income ratio gets to high, all issuers my deny you. I have 4 credit card through one issuer.
What is the difference between letter of credit letter of guarantee?
Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling the terms and conditions of the letter of credit by the beneficiary. Whereas, on the other hand, in letter of guarantee the issuer has to make payment, when the beneficiary is unable to fulfill the terms & conditions of the letter of guarantee.
What is difference between credit card and debit card?
Debit cards are commonly issued by banks. When you purchase for goods or services, the amount is deducted from your bank account. Credit cards are issued by a bank or other institutions that deals with credit cards. When you make purchases, the issuer of the credit card will pay the merchant in advance. On the other hand, you may pay the credit card issuer in full or in installments with certain interest. If you want to learn more about credit cards, you may search online. Since, credit card is more complicated than debit cards, you should learn more about it.
What are the advantages and disadvantages of using a Credit Card Cash Advance?
Some advantages of using a credit card cash advance are summarized as follows: * Cash credit lines are relatively generous and one may be able to get more cash from a credit card line than they would otherwise be able to * Credit card cash advances may be taken from ATMs or banks around the world - there are few limits on where one might obtain a cash advance * The costs for taking a credit card cash advance are significantly lower than those associated with auto title loans and payday loans Some disadvantages of using a credit card cash advance are summarized as follows: * You will need to have set a PIN in advance; otherwise, you will discover that the transaction cannot be completed * The costs are still steep for credit card cash advances - up to 5% of the transaction and immediate finance charges of up to 28% * The issuer will reduce (or completely close) your credit line if you are not an established customer
What country had the first credit card issuer?
The United States had the first credit card issuer, Diner's Club.
If you don't want your cash advance wired to your account can you have it sent to you through Western Union?
No. Assuming this is query is referring to a cash advance on a credit card. The money must go into a valid account that has been provided to the credit card issuer/lender.
Can you reopen a credit card that was closed by the issuer?
No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.
What happens when you buy something using a credit card?
the credit card issuer pays the store
Which Indian bank is the largest issuer of credit cards?
icici
How many credit cards can you have with one issuer?
Generally, there are no limits, but once your debt to income ratio gets to high, all issuers my deny you. I have 4 credit card through one issuer.
What is the difference between letter of credit letter of guarantee?
Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling the terms and conditions of the letter of credit by the beneficiary. Whereas, on the other hand, in letter of guarantee the issuer has to make payment, when the beneficiary is unable to fulfill the terms & conditions of the letter of guarantee.
How do you convert euros to?
The credit card issuer will automatically convert the currency for you.
Why do invoice has many copies?
An invoice has about 3 to 4 copies. The original is retained by the issuer, the duplicate is for the buying department, the triplicate is for the treasury department of the buying company or the account office in layman's term. The quadruplicate can be with the issuer if it's a credit invoice or may be it could be the transport copy, depending on the situation.
What is difference between credit card and debit card?
Debit cards are commonly issued by banks. When you purchase for goods or services, the amount is deducted from your bank account. Credit cards are issued by a bank or other institutions that deals with credit cards. When you make purchases, the issuer of the credit card will pay the merchant in advance. On the other hand, you may pay the credit card issuer in full or in installments with certain interest. If you want to learn more about credit cards, you may search online. Since, credit card is more complicated than debit cards, you should learn more about it.
What are the advantages and disadvantages of using a Credit Card Cash Advance?
Some advantages of using a credit card cash advance are summarized as follows: * Cash credit lines are relatively generous and one may be able to get more cash from a credit card line than they would otherwise be able to * Credit card cash advances may be taken from ATMs or banks around the world - there are few limits on where one might obtain a cash advance * The costs for taking a credit card cash advance are significantly lower than those associated with auto title loans and payday loans Some disadvantages of using a credit card cash advance are summarized as follows: * You will need to have set a PIN in advance; otherwise, you will discover that the transaction cannot be completed * The costs are still steep for credit card cash advances - up to 5% of the transaction and immediate finance charges of up to 28% * The issuer will reduce (or completely close) your credit line if you are not an established customer
how does the credit card payment system work?
When you authenticate a payment on a card, the merchant's payment system will send a request to the card issuer to ensure that funds are available either in the account or in credit. The card issuer will supply an authentication code to the merchant approving the transaction. The card issuer will then arrange for the transfer of funds to the merchant's bank.
