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CC reporting negative balance

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knight1
New Member

CC reporting negative balance

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

Message 1 of 7
6 REPLIES 6
Jeffster1
Valued Contributor

Re: CC reporting negative balance

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

FICO 8 (3/1/24) EX 805 EQ 824 TU 844

Current lineup as of 9/23
American Express Blue Cash Everyday 11K | American Express Blue Cash Preferred 11K I American Express Marriott Bonvoy Bevy 10K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | TD Bank Double Up Visa 4K | USBank Platinum Visa 5K | BMO Harris Cash Back MasterCard 12K | Capital One SavorOne MC 3K | Capital One Walmart MC 2K | NFCU Amex 20K | NFCU CashRewards Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 9K I Bread Financial American Express 8K l AAA Daily Advantage Visa Signature 6K I Wells Fargo BILT World Elite MC 30K I BCU Cash Rewards Visa 8K I Chevron Techron Advantage Visa 2.5K I JCPenney Mastercard $6K I UCLA Wescom CU Rewards Visa 7K I PayPal Cash Back Visa 9K I
Message 2 of 7
knight1
New Member

Re: CC reporting negative balance

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. 

Message 3 of 7
Jeffster1
Valued Contributor

Re: CC reporting negative balance


@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. 

FICO 8 (3/1/24) EX 805 EQ 824 TU 844

Current lineup as of 9/23
American Express Blue Cash Everyday 11K | American Express Blue Cash Preferred 11K I American Express Marriott Bonvoy Bevy 10K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | TD Bank Double Up Visa 4K | USBank Platinum Visa 5K | BMO Harris Cash Back MasterCard 12K | Capital One SavorOne MC 3K | Capital One Walmart MC 2K | NFCU Amex 20K | NFCU CashRewards Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 9K I Bread Financial American Express 8K l AAA Daily Advantage Visa Signature 6K I Wells Fargo BILT World Elite MC 30K I BCU Cash Rewards Visa 8K I Chevron Techron Advantage Visa 2.5K I JCPenney Mastercard $6K I UCLA Wescom CU Rewards Visa 7K I PayPal Cash Back Visa 9K I
Message 4 of 7
FinStar
Moderator Emeritus

Re: CC reporting negative balance


@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. 

Message 5 of 7
knight1
New Member

Re: CC reporting negative balance

Cool. Thank you both.

Message 6 of 7
OniStringer
Regular Contributor

Re: CC reporting negative balance


@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. 

Started with LOW 500s - Actively rebuilding as of early 2019
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Message 7 of 7
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