Over paid on CC

[Anonymous]

I paid a credit card down to $0.  Then I went to the store and return an item that was bought on the credit card.  Now my CC is showing $-8.50.  Ops!  Will this affect my score once the card reports?  Debating if I can leave the negative balance as is for best Fico scoring... or if I need to go buy something before the closing date. 

[dragontears]

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@Anonymous wrote:

I paid a credit card down to $0.  Then I went to the store and return an item that was bought on the credit card.  Now my CC is showing $-8.50.  Ops!  Will this affect my score once the card reports?  Debating if I can leave the negative balance as is for best Fico scoring... or if I need to go buy something before the closing date. 

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a negative balance will be reports as $0 and have the same effect on your scores as a $0 balance.

[Anonymous]

I've had similar experiences on the Amazon Prime Store Card by Synchrony and AMEX BCE. I believe that if the statement closes while the balance is still negative, the card company just reports your balance at zero to the credit bureaus.

The negative balance remains until you buy something else, at which point it is cancelled out (by the value of the items you buy).

Hope this helps. But things might differ from card to card, so you might want to share which card you did this on, and maybe someone with a similar experience on that card can weigh in too.

[Anonymous]

The card is a Capital One. 

Thank you both for your replys. 

[driftless]

I have overpaid Cap One and they report it as zero. FYI - if you don't use the card and the overpayment remains after a week or so they will mail you a check to zero out your account.

[core]

I can also confirm they report as zero.  They will eventually send a check, but that's not going to be until at least after your _next_ statement after the initial credit balance statement, so I wouldn't worry about that.  I'm quite sure you'll spend 8 bucks before then.

[Closingracer99]

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@Anonymous wrote:

I paid a credit card down to $0.  Then I went to the store and return an item that was bought on the credit card.  Now my CC is showing $-8.50.  Ops!  Will this affect my score once the card reports?  Debating if I can leave the negative balance as is for best Fico scoring... or if I need to go buy something before the closing date. 

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No it wont. I had a fee cards appear as -$X.00 because of whatever reason

My Marvel and Amazon prime cards typically show negative balances because they post the X% Cash back as a statement credit at the end of every month and i typically pay off my cards before they post.

[Anonymous]

It won't change your fico score.  I paid 125,00 more than I needed to on one of my Cap One cards.  It just showed the (125.00) and never changed my score. 

[RonM21]

Have this issue currently with Sychrony for Walmart because somehow they miscalculated my first payment last month, so when I paid again to get the balance to zero they corrected it sometime later. Did not effect report.