Negetive Balance on Citi Forward card

[Anonymous]

OK so what happened was I returned an item on Amazon and the refund posted last night. Well since my statement posts on Sunday I had a low balance, less then the refund. Now my card reports a negetive balance of over $100. I have no problems with them oweing me money since there are a few purchases that are going to post next week sometime and take care of them owing me anything.

What does Citi think about negetive balances? Do they look negetively on them? What will happen when they report be balance to CRA's? Will it report as negetive? Would this look good or bad?

[DI]

Negative balance is a credit.  Once your new charges post and they're over $100 the account will be back balanced again.  The balance reported to the CRAs will be $0.   There's nothing bad about having a credit balance with the banks. 

[jefftca925]

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@DI wrote:

Negative balance is a credit.  Once your new charges post and they're over $100 the account will be back balanced again.  The balance reported to the CRAs will be $0.   There's nothing bad about having a credit balance with the banks. 

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+1  I would actually they'd like that 'cause that means you're gonna use the card and for more than what the credit balance is.

[Anonymous]

Thanks both of you. I have heard stories on other sites about CC's being closed due credits but wanted to know what you thought. Thanks!

[JayRizzo]

I don't think anyone is so quick to close anything when they owe YOU money.  If anything, they would wait it out in hopes that you would use the card again just like the other posters replied.

[kbell]

Once, I went 6 months with a negative balance on a Citi card. No problems.

[DI]

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@kbell wrote:

Once, I went 6 months with a negative balance on a Citi card. No problems.

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As long as one doesn't owe them it's fine.