I have never over paid on a credit card before, most companies won't let you pay more than your current balance, but today I paid $600 to Chase and my balance was only $480.
how exactly does this work when the credit hits my account? Will it temporarily increase my available credit by the amount I over paid? Or will it just cancel out my next few purchases until the credit is paid back?
K force was exactly right. My current balance was in the $480 ish with pending charges and I wanted to make sure i had enough payment to cover all pending Incase they tried to tack them on before the statement closed.
the reason I have never done this is because I always stop using my card a couple days before the statement closed to ensure there are no pending charges. But this month I didn't do that, due to a car repair bill and I wanted to put it on my card to get the 1.5% cash back
@Cblough93 wrote:I have never over paid on a credit card before, most companies won't let you pay more than your current balance, but today I paid $600 to Chase and my balance was only $480.
how exactly does this work when the credit hits my account? Will it temporarily increase my available credit by the amount I over paid? Or will it just cancel out my next few purchases until the credit is paid back?
It will just be offsetting your new purchases. A few lenders will send you a refund check.
I do it all the time. Credit cards that don't allow me to do it annoy me.
I like to make CC payments in nice round numbers sometimes, for tracking purposes. Or because they feel good (paying my Amazon Prime card in $500 chunks makes estimating how much I have spent in a given time easier than random amounts posting, and soothes my OCPD.)
For example, recently with an AmEx "spend 1k" PC promotion, I prepaid the remaining amount I needed to spend (which showed as a credit), and knew that when my account no longer showed a credit, I had completed the promotion. This meant I didn't have to keep doing the math of how much more I needed to spend.
If I can see payments looming as pending, but haven't cleared yet, I want to be able to pay that amount included in the total due. As far as I'm concerned, it's part of the total, and yeah, can mess up AZEO if it hits in that window between pending and statement cut.
Most cards that allow overpayment only allow it up to a certain % over your posted total (usually a non-issue).
Depending on the issuer, some cards will show the overpayment as an increase in your AVAILABLE credit (not to be confused with your actual credit limit), some do not.
Biz - 
Authorized User - 
Debit Cards - 
@unsungivy wrote:I do it all the time. Credit cards that don't allow me to do it annoy me...
This is the primary reason I use push payments from my bank instead of pull payments from the credit card companies; it allows me to pay not only the current balance, but all of my expected charges before the statement closes.
