Quick question about credit cards

I guess you could actually get them without even having a job, as long as you're willing to put down a security deposit for each card equal to its credit limit. 🙂
But if you already have $5,000 or $10,000 $0.00 just sitting there in your bank account, I mean, what's the point of even getting a card? 🤷

QUESTION

I’m using a Visa Student card specifically for online shopping. From what I can tell, everything I buy gets tallied up and then pulled straight from my checking account on the 15th of each month. So, I’ve finally realized—there isn't actually any "physical" cash sitting inside the Visa account itself; it basically just acts as a middleman for my main bank account, right? The reason I'm asking is that I’m expecting a refund from an online retailer for the first time, and I have no idea how the plumbing works here. The seller only has my Visa number—can they actually deposit money back onto the card?

Thomas Sanchez30 said:QUESTION

I’m using a Visa Student card specifically for online shopping. From what I can tell, everything I buy gets tallied up and then pulled straight from my checking account on the 15th of each month. So, I’ve finally realized—there isn't actually any "physical" cash sitting inside the Visa account itself; it basically just acts as a middleman for my main bank account, right? The reason I'm asking is that I’m expecting a refund from an online retailer for the first time, and I have no idea how the plumbing works here. The seller only has my Visa number—can they actually deposit money back onto the card?

PayPal sends it straight back to that prepaid card.

Thomas Sanchez30 said:QUESTION

I’m using a Visa Student card specifically for online shopping. From what I can tell, everything I buy gets tallied up and then pulled straight from my checking account on the 15th of each month. So, I’ve finally realized—there isn't actually any "physical" cash sitting inside the Visa account itself; it basically just acts as a middleman for my main bank account, right? The reason I'm asking is that I’m expecting a refund from an online retailer for the first time, and I have no idea how the plumbing works here. The seller only has my Visa number—can they actually deposit money back onto the card?

They can issue a refund, and you will see that amount deducted from your next statement.

It’s quite simple, really—just straightforward. Thanks 🙂

darkmaker94 said:It’s not really the same thing; Maestro is a debit card since the money leaves your account instantly, whereas buying on an installment plan is basically just a modern version of a check (plus, not every bank even offers that option).

Actually, that's just straight-up wrong, I've literally used my Maestro card to pay in installments before

Could someone out there share a real-world example of how they’ve handled a revolving line of credit? I’m specifically trying to wrap my head around when the actual due date hits versus when a bank might offer a bit of a grace period before things get ugly...
thanks...👍

darkmarlin16 said:Actually, that's just straight-up wrong, I've literally used my Maestro card to pay in installments before

So what? Doesn't change the fact that a Maestro is still a debit card.

I wonder if something like this could actually fly here in the States.

http://www.blackhatworld.com/blackha...account-6.html

Tyler Fisher92 said:I wonder if something like this could actually fly here in the States.

http://www.blackhatworld.com/blackha...account-6.html

From what I gather, you can't just grab an anonymous prepaid card here; you either have to deal with a bank or use a service like Venmo, which requires your actual info anyway. It’s different elsewhere. In the US, you can just walk into any drugstore or supermarket and pick one up, so the whole situation is different. As for PayPal, sure, you could try to find some hacked or fake account, but that's entering criminal territory.

I'm torn between using Maui or Mastercard.
Does anyone know what the transaction fees look like, and how does the process actually work when you're using either Maui or Mastercard?
Is it basically the same setup as using an American Express? Do you just pay exactly what you spend, or are there some hidden extra costs I should watch out for?

Richard Rivera5 said:I'm torn between using Maui or Mastercard.
Does anyone know what the transaction fees look like, and how does the process actually work when you're using either Maui or Mastercard?
Is it basically the same setup as using an American Express? Do you just pay exactly what you spend, or are there some hidden extra costs I should watch out for?

I'm wondering too. I'm a Chase customer and have my checking account at JPMorgan Chase, and I was thinking about picking up something big—maybe a pre-built PC or a new TV—on 12 or 24 interest-free monthly installments. Some stores offer up to 12 months, others go up to 24. It would be awesome if I could do that with international online shops too.

Right now, I’ve got two options: the Mastercard go! Card and a Visa Gold, both with no annual fee:

So, what’s the actual difference between those two and this Platinum Mastercard, which also doesn't have an annual fee?

Which bundle are you using?
Generally speaking, any card included in a bundle should be fee-free.

The Visa Gold is a revolving card, so there’s no fixed installment plan.

The Go card is also revolving, but you have the option to pay in installments interest-free; either way, you can just pay off the full balance if you want—you aren't forced into the revolving cycle.

That Visa Platinum is only available through the premium bundle. It’s a charge card with an installment option, though the standard Mastercard works similarly and is also free within other bundles.

electricbadger89 said:Which bundle are you using?
Generally speaking, any card included in a bundle should be fee-free.

The Visa Gold is a revolving card, so there’s no fixed installment plan.

The Go card is also revolving, but you have the option to pay in installments interest-free; either way, you can just pay off the full balance if you want—you aren't forced into the revolving cycle.

That Visa Platinum is only available through the premium bundle. It’s a charge card with an installment option, though the standard Mastercard works similarly and is also free within other bundles.

Oops, I don't have a bundle 🙈 just a standard credit assistant, $6.75 monthly

Dammit, I didn't even realize VisaGold doesn't offer that. But hey, goCard lets you pay it off in installments!

Jesse Anderson2 said:Oops, I don't have a bundle 🙈 just a standard credit assistant, $6.75 monthly

Dammit, I didn't even realize VisaGold doesn't offer that. But hey, goCard lets you pay it off in installments!

Exactly. You can pay off a go card via charge, revolving, or installments.
Might be the best bet.

I’ve been dealing with a massive headache trying to use my credit card for the past year. I’m using a Chase Visa.
Online shopping used to be a breeze, but things went sideways after I had to open a checking account for some reason. While I was at the bank, they tweaked some stuff in my account package, and then a few months later, I tried buying some bus tickets online. Boom—got an error message saying there was a problem with my card and that I couldn't complete the payment. It told me I needed to contact my bank.
So, I finally dragged myself down to the branch today. The staff there basically just shrugged and told me they have no clue what's going on. They claimed it depends on whoever I'm trying to pay.😕
Any advice? What should I do?

Isn't this some issue with Verified by Google?
How does the card authorization actually work—is it through an m-token or what?

Sent from my iPhone 15 using Reddit

Can someone help me make sense of this card offer?

JPMorgan Chase is running a promotion where they waive the annual fee for life, but it only applies to their revolving credit card.

I'm trying to figure out how that actually differs from the standard Mastercard at Wells Fargo. Are we talking about two different products here, or am I just confused? One is definitely a charge card, while the other is revolving, but the Wells Fargo site mentions you can switch to revolving if you want.

All the Chase cards are revolving credit.

With Wells Fargo, you can choose between charge or revolving depending on what you request.

Sent from my MHA-L29 via Reddit

But then I heard they claim you can use their Chase card as a standard charge card too, giving you up to 45 days to pay it off, or just switch over to a revolving credit line if you need to.