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I'm in the process of BT my BoA account to my new Barclays. I just realized I may want to cancel a reservation for a hotel I made awhile back with the BoA card. What happens if my balance on my BoA is near $0 and I get that credited back to the card?
You can just use up the extra credit by making purchases, or, I'm thinking Bank of America can send you a check. I had another bank send me a check when I had a refund after I had already paid my bill. It took almost a month though.
BOFA will credit you a negative balance: I've done this accidentally pushing a duplicate payment on my BOFA card.
I'd just spend it personally, if you use the card semi-regularly it won't last that long; asking a bank to send a check is something no bank likes, they'd much rather you spend your way out of the negative balance naturally I suspect.
My wife and I have a BoA checking and savings account. Do you think they would let me transfer the credit to my checking account?
@Beane wrote:My wife and I have a BoA checking and savings account. Do you think they would let me transfer the credit to my checking account?
I'm pretty sure they would count that as a cash advance.
How could they charge interest if I had no balance?
@ginger1477 wrote:You can just use up the extra credit by making purchases, or, I'm thinking Bank of America can send you a check. I had another bank send me a check when I had a refund after I had already paid my bill. It took almost a month though.
Walmart actually sent me a check for 37 cents! I bet the check cost more than that. Silly, really.
I'm sure I can find an expense to use it for, but I'd rather have the money so I could just pay into the card I just BT'd to to get that balance down. I wish I'd known I was going to cancel this reservation as I would have requested a BT that was that much less.
you can
1) Spend it up
2) Request Check
3) Request them to wire transfer it