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Positive Balance

Regular Contributor

Positive Balance

Quick question, how will a positive balance reporting affect my score? Increase or decrease, I overpaid by 64 cents. Will it report that or just report a $0 balance?

FICOs: EQ - 707 / TU - 721 / EX - 712
Garden: 11/1/18, ♠ 2/1/19
Goals: AZEO / 800+ / House
Wallet:
"An investment in knowledge pays the best interest." - BF
12 REPLIES
Super Contributor

Re: Positive Balance

It will report zero.

An interesting test if someone wants to try would be to pay all accounts to zero, which we know will negatively impact score, and overpay or push a CC account to a credit status. Probably the same result, 30 points or so negative, but the entertainment value to the rest of us would be priceless.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812

Delta Reserve and CSP Jan 2018, no more 5/24 worries... unless new Chase Marriott/SPG replacement is enticing...meh, turns out not. [unless a 100k points SPG Luxury Upgrade appears... well lookie here...]
Message 2 of 13
Regular Contributor

Re: Positive Balance

Are you not entertained! Lol, we’ll i can’t afford the test, maybe when my scores are higher I’ll give it a run

But thank you for answering that

FICOs: EQ - 707 / TU - 721 / EX - 712
Garden: 11/1/18, ♠ 2/1/19
Goals: AZEO / 800+ / House
Wallet:
"An investment in knowledge pays the best interest." - BF
Message 3 of 13
Community Leader
Super Contributor

Re: Positive Balance

If you overpaid then you likely have a negative balance.  The act of overpaying could not in itself cause you to have a positive balance.

 

Assuming you meant negative balance, a negative balance is reported as zero by all CC isuers.

Message 4 of 13
Regular Contributor

Re: Positive Balance

Thanks CGID, the CSR for the company told me it was a positive balance so I just reused the terminology. However, what you said is what I meant

FICOs: EQ - 707 / TU - 721 / EX - 712
Garden: 11/1/18, ♠ 2/1/19
Goals: AZEO / 800+ / House
Wallet:
"An investment in knowledge pays the best interest." - BF
Message 5 of 13
Valued Contributor

Re: Positive Balance

Too bad overpayments don't report as negative.

That could help maintain low aggregate utilization Smiley Tongue.

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 6 of 13
Valued Contributor

Re: Positive Balance


@NRB525 wrote:
It will report zero.

An interesting test if someone wants to try would be to pay all accounts to zero, which we know will negatively impact score, and overpay or push a CC account to a credit status. Probably the same result, 30 points or so negative, but the entertainment value to the rest of us would be priceless.

Smiley LOL  I'm down for entertainment.  Only I will not be supplying it. Smiley Happy  And Op, when I somehow have overpaid before I have had the Lender send me a check for that difference on rare occasion.  One time Walmart sent me a check for 67 cents lol.

                                            

Total Credit: $218,900Utilization: 1%AAoA: 5yrs, 5mthsInstallments: Car Lease, Marcus LoanBaddies: 0On Chop Block: Nobody NA

             
             
                          DSC-27.1K | NFC-25K | ALI-25k | WAL-10k | BoA-22k | BB-12k | NFL-15k | LOW-35k | AMX-19.3k | CHA-10k | PF-8.8k | C-DC-9.7k
Message 7 of 13
Regular Contributor

Re: Positive Balance


@RonM21 wrote:

@NRB525 wrote:
It will report zero.

An interesting test if someone wants to try would be to pay all accounts to zero, which we know will negatively impact score, and overpay or push a CC account to a credit status. Probably the same result, 30 points or so negative, but the entertainment value to the rest of us would be priceless.

Smiley LOL  I'm down for entertainment.  Only I will not be supplying it. Smiley Happy  And Op, when I somehow have overpaid before I have had the Lender send me a check for that difference on rare occasion.  One time Walmart sent me a check for 67 cents lol.


Thats crazy, but I'll have spent it before then. I'm just glad it will have no negative effects outside of a 0% uti showing. 


FICOs: EQ - 707 / TU - 721 / EX - 712
Garden: 11/1/18, ♠ 2/1/19
Goals: AZEO / 800+ / House
Wallet:
"An investment in knowledge pays the best interest." - BF
Message 8 of 13
Community Leader
Super Contributor

Re: Positive Balance


@WarCulture wrote:

I'm just glad it will have no negative effects outside of a 0% uti showing. 

You have 5 cards.  Just for clarity, there is no penalty for one card reporting $0.  Only if all cards are reporting $0.

Message 9 of 13
Regular Contributor

Re: Positive Balance


@CreditGuyInDixie wrote:

@WarCulture wrote:

I'm just glad it will have no negative effects outside of a 0% uti showing. 

You have 5 cards.  Just for clarity, there is no penalty for one card reporting $0.  Only if all cards are reporting $0.


I understand, I'm saying that in the reference of "cards showing usage" (from another thread debating azeo vs aggregate utility). Four of my cards will be at 0% when this one reports, except for the one I have at 55%, which I plan to lower this month. I'll bring that to below 8% and keep it there (I need the discipline) 


FICOs: EQ - 707 / TU - 721 / EX - 712
Garden: 11/1/18, ♠ 2/1/19
Goals: AZEO / 800+ / House
Wallet:
"An investment in knowledge pays the best interest." - BF
Message 10 of 13