What happened if I overpaid the credit card?

[joshall]

So now I just returned a merchandise. I have money refunded and so I have approx $200 credit on my credit card!  Will this lower my credit score!?

[Anonymous]

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@joshall wrote:

So now I just returned a merchandise. I have money refunded and so I have approx $200 credit on my credit card!  Will this lower my credit score!?

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No, not at all.  Either they will just show a negative balance or mail you a check.  Nothing to be worried about.

[joshall]

Thanks! That is good to hear, But I don't know whether bank mails checks out these days for situation like this?

[Anonymous]

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@joshall wrote:

Thanks! That is good to hear, But I don't know whether bank mails checks out these days for situation like this?

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They probably won't and just leave the balance as a negative.  I have had it happen several times and never had a check mailed but I didn't care because I knew I would be using the card soon.  If you want a check, I would call the cc company and see what their policy is.

[racer-x]

I have about 5 walmart checks anywhere from 1.89 to 9.32 over the past 6 mos.  I probably should cash them.

[thom02099]

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@racer-x wrote:

I have about 5 walmart checks anywhere from 1.89 to 9.32 over the past 6 mos.  I probably should cash them.

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Might want to double check them...many bank/retailer issued checks  have an expiration of 90 days.  Take the money and run....

[racer-x]

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@thom02099 wrote:

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@racer-x wrote:

I have about 5 walmart checks anywhere from 1.89 to 9.32 over the past 6 mos.  I probably should cash them.

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Might want to double check them...many bank/retailer issued checks  have an expiration of 90 days.  Take the money and run....

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I have.  Don't see/can't find an ex. date.  Too lazy to take them to the bank.  Ooooh, I could deposit them via iphone maybe?  That'll be my lst electronic deposit. cool

[Its_Me]

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@racer-x wrote:

I have about 5 walmart checks anywhere from 1.89 to 9.32 over the past 6 mos.  I probably should cash them.

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I have.  Don't see/can't find an ex. date.  Too lazy to take them to the bank.  Ooooh, I could deposit them via iphone maybe?  That'll be my lst electronic deposit. cool

I did this for the first time a couple weeks ago. Very convenient.