Casey asked:


Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.

credit card

Philosopher asked:


Let’s say I buy something for $100. I return it and they say I will have that credit back on my credit card. So now my credit card balance is $100? What if I paid for that $100 already and then returned it and got credit back? Can a credit card have a balance and have money withdrawn from it?

credit card

heuiim asked:


It sounds like a silly question, but what happens if you request balance transfer from a credit card to the debit card (linked to checking account) and credit card issuer approves it? Anyone know?
Just to clarify; I want to know if it does go through would my checking account be credited by the balance transfer amount or would it be simply rejected?
Maybe I wasn’t being clear; I meant balance transfer FROM credit card TO debit Card. It has nothing to do with paying debt. I am taling about your typical credit card balance transfer offers that supposed to only work between credit cards.
You know, when the credit card company offers you like 4% rate for balance transfer to pay off other high-interest rate credit cards?

get credit