CC reporting negative balance

knight1 · ‎01-03-2023

If my CC reports a credit for overpayment. So instead of a balance of $0 it will report -$20?

Is this bad?

I guess it will mess up my AZEO

Jeffster1 · ‎01-03-2023

I frequently carry a credit balance, and not once have I seen it report as anything other than zero.

0% utilization
FICO 8 EX 839 EQ 825 TU 834
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knight1 · ‎01-03-2023

What I meant is this, I PIF every month, but I ended up returning a product after my PIF date. The price of the product, is now showing as a negative balance on my Credit card balance.

Jeffster1 · ‎01-03-2023

@knight1 wrote:
What I meant is this, I PIF every month, but I ended up returning a product after my PIF date. The price of the product, is now showing as a negative balance on my Credit card balance.

Yes...that is one of the reasons someone might have a credit balance. Another might be if you overpay your credit card bill. Again, I have never seen a cc company report a CREDIT BALANCE (a balance they owe to you) on the credit report.

0% utilization
FICO 8 EX 839 EQ 825 TU 834
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 30K I American Express Delta Skymiles 13.9K I American Express Schwab Investor Card 5K I Bank of America Customized Cash Rewards Visa 30K | Kinecta MyPerks Rewards MC 35K | Wells Fargo Autograph Visa 30K I BMO Harris Cash Back MC 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 52K I NFCU Amex 28K I Citi Best Buy Visa 15K I Macy’s Amex 25K I Bloomingdale’s Amex 15K I Citi Thank You MC 10K I Bread Financial American Express 18K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 13.3K I Citi Dillard’s Visa 5K I JCPenney MC 10K I Synchrony Premier MC 10K I UCLA Wescom CU Rewards Visa 7K I PayPal Cash Back MC 20K I MyWalgreens Mastercard 10K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I Gemini Bitcoin MC 15K I TMobile Capital One Visa 20K I BILT 2.O MC 10K I USAA Cash Rewards Plus American Express 4K I Apple Card 6K

FinStar · ‎01-03-2023

@knight1 wrote:
What I meant is this, I PIF every month, but I ended up returning a product after my PIF date. The price of the product, is now showing as a negative balance on my Credit card balance.

Credit balances are not reported to the CRAs. The account will simply report as a $0 balance as long as the credit balance remains on the account. Only balances in the positive are reported. Therefore, no adverse effects to worry about.

knight1 · ‎01-03-2023

Cool. Thank you both.

OniStringer · ‎01-08-2023

@knight1 wrote:
If my CC reports a credit for overpayment. So instead of a balance of $0 it will report -$20?
Is this bad?

I guess it will mess up my AZEO

I think it would just show as 0 on report. I have these overpayment balances all the time cuz of a returned item or something. I just then simply use it as a credit.