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Valued Contributor
RockinRay
Posts: 1,947
Registered: ‎08-13-2007
0

Re: Overpay...


webhopper wrote:
I use push payment to overpay. No issues so far

+1 - I do the same thing.

Ray

** Every Card has a Job, and Every Card does its Job **

Established Contributor
compassion101
Posts: 628
Registered: ‎06-06-2012
0

Re: Overpay...

I tried to do this a couple of times but was told I could only pay 10% over what the balance was. From reading other posts though nobody else seems to mention this so maybe it was just card specific (I think it was capital one)

 

 

Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Overpay...

This seems like an awful lot of trouble to go through just to get a zero statement balance reported, which might bump your FICO a couple of points. If you want to maximize your FICO it's apparently a good thing to have one card report a small balance, so why not just do that and worry about keeping your rarely used cards at a zero balance.
TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Frequent Contributor
Autumnslight
Posts: 311
Registered: ‎07-08-2012
0

Re: Overpay...

Just out of curiosity, if you let the statement cut when you have a negative balance, will your credit report actually show a negative, or $0?

Scores:
07/29/12: EX FICO (Amex) 684 | EQ MyFICO 631 | TU Walmart 695
Current: EX FICO (MyFICO) 733 | EQ (MyFICO) 683 | TU (Walmart) 745

First Goal: 700+ across the board - Got it on EX & TU!!!
Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Overpay...


Autumnslight wrote:

Just out of curiosity, if you let the statement cut when you have a negative balance, will your credit report actually show a negative, or $0?


$0.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012
0

Re: Overpay...

Well, I made my purchase today and I think it will make my Target card look better. The associate sold me the wrong iPad. I thought it was discounted at first because he repeated what I wanted back to me.  I stopped to look at the receipt and found that it was only the WiFi version so... I had to goto a different store to get the correct one. I didn't return the first until after I made my purchase. Now there were two charged to the account along with a few small things. Returned the first which is about a $600.00 credit. They say that will take a few days to post. Checked my account tonight, I have a balance of about $1500.00.  That will be about $900.00 after the credit and the statement closes. 

 

So this should show a high balance of about $1500.00 on my CR?  

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.
New Member
shedspread
Posts: 1
Registered: ‎12-19-2012
0

Re: Overpay...

 Chase allows you to pay 10% over your balance. If I try to pay more it sends an error message. Both my Freedom and Sapphire cards allow this.

Established Contributor
TimeToRecover
Posts: 622
Registered: ‎03-21-2013
0

Re: Overpay...


andre181 wrote:

But really, who writes checks anymore? I write 1 check a month for rent and that's it.



HAHA Rent is the only thing I write a real check for as well.


Starting Score: 570 ish
Current Score:EX (694) 10/2/2014, EQ (686) 10/2/2014, TU (684) 10/2/2014 (ALL MORTGAGE PULLS)
Goal Score: 750
NEW HOUSE - Building 70% complete
In My Wallet: GE Care Credit (8K) BofA Cash Rewards Signature Visa (5K) Cap One Quicksilver (4.5K) Chase Freedom (4K) VS Angel Card (1300)
Moderator
Revelate
Posts: 9,550
Registered: ‎12-30-2011
0

Re: Overpay...


shedspread wrote:

 Chase allows you to pay 10% over your balance. If I try to pay more it sends an error message. Both my Freedom and Sapphire cards allow this.


Huh, I had blithely assumed it was anything over current balance.  Think I was slightly over than 10% for a pending charge I was trying to cover.

 

Welcome to the forums and thank you for the tip!

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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