Ultraviolet30 asked:


I bought my school books at the college book store with my debit/visa card. I had to return two of the books and 3 days later I still haven’t received the credit to my account. How long does it take to recieve the credit amount from a return?

Craig

*J asked:


I have pending charges on my credit card account which will make me go over my credit limit by 1 dollar. If i make a payment before they are no longer pending charges will i still be charged fees and will my APR go up?

Kelly

gizmos_dreamer asked:


My husband has a Sears card that has a horrible APR. The balance was recently paid off, but with this rate, we will always owe something on it. (Like a couple bucks.) We’d rather close the account than keep paying a couples buck every month on a card he will never use again.
People have told me closing accounts hurts your credit. But how bad? And I’d really rather close it than deal with the hassle of it.
Just trying to make an informed decision. Thanks.

Eric

Joshua Shapiro asked:


The Orchard Bank MasterCard is designed for those cardholders who have an average or limited credit history who do not want to secure a credit card account with a savings deposit. Although this card can help a cardholder with a limited credit history build a foundation for a positive and solid credit history if payments are made on time, a few costly factors must be taken into consideration first.

At 15.65% variable for purchases, the interest rate for this type of card is competitive for other similar cards, but it can still be rather costly for those who intend to carry a high balance on the card. On cash advances, you can expect to pay a variable rate of 24.40%.

The card carries an annual fee of $49, not excessive for this time card. There is a cash advance fee of 5% with a minimum of $5. Although this is higher than other cards that usually assess a 3% cash advance fee, there is no balance transfer fee. In addition to the annual fee, there is an application fee of $49, so during the first year, a cardholder will pay a total of $98 for the Orchard Bank MasterCard.

In spite of the high interest rate on this card, its use will allow a cardholder to build a positive credit history. Of course, those who are able to pay in full each month and avoid finance charges will benefit the most from this card. For those who are unable to do that and carry a high balance, it can be quite expensive.

Though it offers minimal benefits, a cardholder will receive some perks with this card such as the following:

• Online access to account information

• Emergency card and cash replacement

• Reporting of lost and stolen cards

• No liability to cardholder for unauthorized transactions



June