Negative credit card balance

Themanwhocan · ‎04-11-2013

Does anyone think its bad to have a closed, formerly secured, credit card that has a negative balance? So, total credit limit = 0, current balance = -35.00

When I requested that this be closed, they removed the $35 annual fee and froze the account. Then 1.5 months later, instead of refunding the current balance, they left the -$35 on the account.

TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800

enharu · ‎04-11-2013

no, other lenders just regard it as 0 since it's the bank that owes you money, not the other way round.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

Cadillac-XTS · ‎04-11-2013

+1

indiolatino61 · ‎04-11-2013

I would think that as long as it is closed with no balance owing, it would be fine. So if the lender actually owes you money, it would also be fine. Let's see what others have to say, because I'm just going by my logic, which isn't always the way lenders think...lol.