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credit balance on credit card

New Member

credit balance on credit card

If I have a credit balance on a credit card, will that adversely affect my credit score?
Message 1 of 8
7 REPLIES
Established Contributor

Re: credit balance on credit card

NO
Message 2 of 8
Established Contributor

Re: credit balance on credit card

No, the balance for that account will show up as $0 on your credit reports.
Message 3 of 8
Senior Contributor

Re: credit balance on credit card

It will help your score, because it will report as zero balance.  Of course that only takes zero not a credit Smiley Very Happy

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 4 of 8
New Member

Re: credit balance on credit card

Thanks for your help!  I agree!  I wish there would be something in the stimulus plan to help us savers... 
Message 5 of 8
New Member

Re: credit balance on credit card

Thanks for your help!
Message 6 of 8
Senior Contributor

Re: credit balance on credit card

There is:  lower interest rates meaning you pay less and can save more.  Of course, not paying any interest is best!

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 7 of 8
Established Contributor

Re: credit balance on credit card

Who can argue with that?
Message 8 of 8