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How would a NEGATIVE balance affect credit scores?

New Contributor

How would a NEGATIVE balance affect credit scores?

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 : $30K | Citi Forward : $15K | Citi Dividend : $14K | BoA Travel Rewards : 7K | NFL Cash Rewards : $6K | Chase Freedom : $10K | Discover IT : $6.5K | AMEX BCE: $5k | Age: 26 | Occupation: Grad Student | CreditKarma: 800TU/812EQ |
5 REPLIES
Frequent Contributor

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.


Starting Score: 732 October 2007; Current Score: EQ 835; TU 806, May 2017;
Oldest Reporting Account: 15.3 years; EQ AAoA: 7.2 years; typical credit utilization 1.2% typical single card utilization 8.3%
Frequent Contributor

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.

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $6000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500
Moderator Emeritus

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
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Valued Contributor

Re: How would a NEGATIVE balance affect credit scores?

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

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Blogger

Re: How would a NEGATIVE balance affect credit scores?


kevinjjc wrote:

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


+1