topic Over-Paying on Credit Card good or bad? in Credit Cards

Over-Paying on Credit Card good or bad?

Anonymous — Sun, 18 Mar 2012 08:39:06 GMT

Will it help my credit score if I put $2000 on an unsecured card I have that has a $1000 limit?

Re: Over-Paying on Credit Card good or bad?

bichonmom — Sun, 18 Mar 2012 09:14:39 GMT

@Anonymous wrote:
Will it help my credit score if I put $2000 on an unsecured card I have that has a $1000 limit?

No, having a credit balance on your CC won't have any effect on your score. Usually CCs with a credit balance report to the CRAs a zero balance, not a negative number. Also, some CCs will automatically refund any credit balances on your account.

Re: Over-Paying on Credit Card good or bad?

LS2982 — Sun, 18 Mar 2012 09:22:10 GMT

@Anonymous wrote:
Will it help my credit score if I put $2000 on an unsecured card I have that has a $1000 limit?

No, you'll just recieve a statement credit on your bill, and i'm not real sure if you can overpay by that much.

Re: Over-Paying on Credit Card good or bad?

Anonymous — Sun, 18 Mar 2012 09:51:10 GMT

Thanks all