topic Re: Overpaid Amex hurting Fico score? in Credit Cards

Overpaid Amex hurting Fico score?

Vegas247 — Mon, 11 Jul 2016 07:08:01 GMT

I over paid my Amex bce by 1 dollar. On my balance it shows a -1. Is this going to hurt my Fico score by chance?

Re: Overpaid Amex hurting Fico score?

Anonymous — Mon, 11 Jul 2016 07:13:03 GMT

It didn't occur to you that you could just go out and buy something for a dollar to bring your balance to $0?

Re: Overpaid Amex hurting Fico score?

Discover2016 — Mon, 11 Jul 2016 07:28:02 GMT

@Vegas247 wrote:
I over paid my Amex bce by 1 dollar. On my balance it shows a -1. Is this going to hurt my Fico score by chance?

I believe that when you have a negative balance, it will show up as $0 balance on your credit reports.

Re: Overpaid Amex hurting Fico score?

Anonymous — Mon, 11 Jul 2016 07:39:04 GMT

I've had some over a hundred without an issue. I don't do anything unless I'm buying something. It will straighten itself out.

Re: Overpaid Amex hurting Fico score?

Anonymous — Mon, 11 Jul 2016 07:55:51 GMT

I usually have a credit balance monthly with Amazon because they post the 5% rewards each statement and I pif before the statement cuts. Fico shows a zero balance. It doesn't affect credit scores.

Re: Overpaid Amex hurting Fico score?

Anonymous — Mon, 11 Jul 2016 11:09:13 GMT

@Anonymous wrote:
I usually have a credit balance monthly with Amazon because they post the 5% rewards each statement and I pif before the statement cuts. Fico shows a zero balance. It doesn't affect credit scores.

I've had two cards with a negative balance for a couple months now and no drop in score. It reports as 0

Re: Overpaid Amex hurting Fico score?

Anonymous — Mon, 11 Jul 2016 11:52:13 GMT

No it won't hurt your score. Not a big deal at all

Re: Overpaid Amex hurting Fico score?

RonM21 — Mon, 11 Jul 2016 21:59:19 GMT

As others said, it will not hurt it. I've recently had even higher negative balances report, and it is still the same thing.

Re: Overpaid Amex hurting Fico score?

Anonymous — Mon, 11 Jul 2016 22:24:00 GMT

+1000

Fico doesn't report negatives...it will show $0 balance......

Happens all the time, as I'm fond of rounding

Frequently, I'm at -.74 cents or -43 cents....as mentioned you can always buy some gum