How does a Credit Balance report?

[jwa77]

Just curious; if a card closes with a credit balance, does that show up on my reports as "$0.00" or the actual credit balance?

I prepaid a card because this vendor SITS on their outstanding transactions for 2000 years before they finally hit my card. (Alaska Airlines)

[gdale6]

Zippo

[RobertEG]

I assume by credit balance you mean debt balance?

Closing a credit card is an action that simply ends the ability of the consumer to make additional charges/purchases.

It does not result in update of the current balance or otherwise end ability of the creditor to continue to report derogs if the debt has become delinquent.

If a card is closed with a current balance, it will continue to report that balance until it is paid or the creditor sells the debt, and can continue to report a currrent status of delinquent and add payment history delinquencies for months where it continues to be delinquent.

[iv]

@RobertEG - I think you've mis-read the OP... they are asking about a credit (overpayment) balance on an open account, and how that reports at statement close to the CRAs.

And as @gdale6 mentioned already, the answer is $0.00 - the amount of the overpayment is not reported.