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Over payment on credit card

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antdave93
Regular Contributor
‎06-08-2014 11:06 AM
‎06-08-2014 11:06 AM

Over payment on credit card

How will a over payment be reported? currently i have a 86 dollars overpayment with barclays

my closing date is the 14 of this month, should i spend that money quickly or have them send me a check?

The lady on the phone didnt even know how it will report.  thanks

Message 1 of 6
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EW800
Valued Contributor
‎06-08-2014 11:09 AM
‎06-08-2014 11:09 AM

Re: Over payment on credit card

Not sure if the banks vary on this or not, however a few months ago I over-paid on my Amex card.  Amex showed that I had a $38 credit balance, however the credit reports showed $0 balance.  

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 840; EQ8: 832; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
Message 2 of 6
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longtimelurker
Epic Contributor
‎06-08-2014 11:10 AM
‎06-08-2014 11:10 AM

Re: Over payment on credit card

@antdave93 wrote:

How will a over payment be reported? currently i have a 86 dollars overpayment with barclays

my closing date is the 14 of this month, should i spend that money quickly or have them send me a check?

The lady on the phone didnt even know how it will report.  thanks

No sure why you think it is an issue.  It will report as 0 balance, but even if it reported -ve, that would be ok

Message 3 of 6
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antdave93
Regular Contributor
‎06-08-2014 11:12 AM
‎06-08-2014 11:12 AM

Re: Over payment on credit card

ok thanks for the reply EW

Message 4 of 6
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maiden_girl
Valued Contributor
‎06-08-2014 04:02 PM
‎06-08-2014 04:02 PM

Re: Over payment on credit card

A credit balance is fine and quite common. Your account will report at zero on your CR because it is paid in full.

As of 2017, rebuilding...
Message 5 of 6
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BearsAndTurtlesRtheBest
Senior Contributor
‎06-09-2014 10:31 AM
‎06-09-2014 10:31 AM

Re: Over payment on credit card

Yes my dad had $2.00 credit and it still reproted as "0".

Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
Chapter 7 BK Dischagred on 07/11/16. Gardening Since 01/17/2019
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