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Joesh
Posts: 50
Registered: ‎05-21-2012
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How would a NEGATIVE balance affect credit scores?

[ Edited ]

Yesterday I paid off my honeymoon cruise in full with my new AMEX BCP. $2200 cruise payment, $5000 credit line. As soon as I saw the cruise payment pending on my AMEX card I paid $2150 from my savings account onto my AMEX so I wouldn't show such a huge balance on the card for a long period of time, especially not on my first close date.

 

Well, my payment posted first! Now my balance on my AMEX card is over negative $2000, lol.

 

I was wondering - has anyone ever experimented with how something like that would impact a credit score? What if your overall utilization was -2%, lol.

AMEX BCP : $24.6K | Chase Ink Plus: $12K | Citi Forward : $10K | Citi Dividend : $9.2K | BoA Travel Rewards : 7K
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Age: 24 | Occupation: Grad Student | CreditKarma: 762 |
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Roarmeister
Posts: 334
Registered: ‎04-21-2012
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Re: How would a NEGATIVE balance affect credit scores?

Interesting thought as I have never had more than a few dollars overpaid anything.  But unless your AMEX account is due for your monthly statement very soon, it is more likely they won't report a negative balance at all - more likely a zero balance.  And therefore no difference to your utilization.

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____$25k_______$20k_______$20k_______$25k_______$25k____
Starting Score: 676 Feb 2008; Current Score: 791 EQ; 824 CA, Dec. 2014; TU 814, Oct. 2014; Goal Score: 800 by end of year Oldest Account reported by EQ: 12 years; EQ AAoA: 5.8 years; EQ Credit Utilization: 2.3%
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kimmiller112
Posts: 472
Registered: ‎04-09-2012
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Re: How would a NEGATIVE balance affect credit scores?

Any time this has happened to me, such as returning something after I've paid the bill, it has reported as $0.

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webhopper
Posts: 7,225
Registered: ‎09-16-2011
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Re: How would a NEGATIVE balance affect credit scores?

Mine has always reported as zero, even when there was a credit on the account

Starting Score: 08/29/2011 TU 671 EQ 674
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kevinjjc
Posts: 1,374
Registered: ‎01-14-2009
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Re: How would a NEGATIVE balance affect credit scores?

As others have mentioned, it will report as a zero balance.

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HiLine
Posts: 3,176
Registered: ‎10-19-2012
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Re: How would a NEGATIVE balance affect credit scores?


kevinjjc wrote:

As others have mentioned, it will report as a zero balance.


+1

 


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