Why Do Credit Cards Take So Long to Refund?

Answer Customers have many reasons to use credit cards for purchases of all sizes, from the convenience and security of not carrying cash to rewards points and liability protection. Credit cards also make... Read More »

Top Q&A For: Why Do Credit Cards Take So Long to Refund

How to Receive a Refund on Prepaid Credit Cards?

Prepaid credit cards and traditional credit cards are used the same way, but funded differently. Prepaid credit cards are funded by you. Traditional credit cards are funded by a lending agency that... Read More »

How long have credit cards existed?

Credit cards have been around since the 1920's in the United States. Oil companies and hotel chains issued the first credit cards to their customers. John Biggins of the Flatbush National Bank of B... Read More »

How long are unpaid credit cards collectable?

The statute of limitations on debt varies from state to state, but the usual time frame before a debt is considered a "zombie" debt is seven years. After seven years, the debt falls off your credit... Read More »

How Long Does Pending Authorization Take on Credit Cards?

When you swipe your credit card to make a purchase, the necessary amount is deducted from your available credit; however, the transaction doesn't actually post to your account for some time. While ... Read More »