topic Re: How would a NEGATIVE balance affect credit scores? in Credit Cards

How would a NEGATIVE balance affect credit scores?

Joesh — Sun, 09 Dec 2012 00:32:03 GMT

Yesterday I paid off my honeymoon cruise in full with my new AMEX BCP. $2200 cruise payment, $5000 credit line. As soon as I saw the cruise payment pending on my AMEX card I paid $2150 from my savings account onto my AMEX so I wouldn't show such a huge balance on the card for a long period of time, especially not on my first close date.

Well, my payment posted first! Now my balance on my AMEX card is over negative $2000, lol.

I was wondering - has anyone ever experimented with how something like that would impact a credit score? What if your overall utilization was -2%, lol.

Re: How would a NEGATIVE balance affect credit scores?

Roarmeister — Sun, 09 Dec 2012 01:00:24 GMT

Interesting thought as I have never had more than a few dollars overpaid anything. But unless your AMEX account is due for your monthly statement very soon, it is more likely they won't report a negative balance at all - more likely a zero balance. And therefore no difference to your utilization.

Re: How would a NEGATIVE balance affect credit scores?

kimmiller112 — Sun, 09 Dec 2012 01:03:30 GMT

Any time this has happened to me, such as returning something after I've paid the bill, it has reported as $0.

Re: How would a NEGATIVE balance affect credit scores?

webhopper — Sun, 09 Dec 2012 01:07:10 GMT

Mine has always reported as zero, even when there was a credit on the account

Re: How would a NEGATIVE balance affect credit scores?

kevinjjc — Sun, 09 Dec 2012 19:16:57 GMT

As others have mentioned, it will report as a zero balance.

Re: How would a NEGATIVE balance affect credit scores?

HiLine — Sun, 09 Dec 2012 21:42:55 GMT

@kevinjjc wrote:
As others have mentioned, it will report as a zero balance.