If you have a rewards credit card, you might earn rewards in the form of astatement creditthat’s applied to your balance. And that statement credit could result in a negative balance if it’s more than your current credit card balance. For example, Capital One’sQuicksilvercard offers a ...
Negative Credit Card Balance More Getty Images You don't need to worry about a negative credit card balance, but you do need to find the cause. If you're working hard to pay off your credit card bill every month, the possibility that you'd overpay your bill and have a negative cr...
A negative credit card balance, also known as a credit balance, means that your card issuer owes you money. A negative balance is created when you pay more toward the account than you owe. Here are some scenarios that could result in a credit balance: You overpaid your bill. Make a paym...
When it comes to credit cards, the terms “balance” and “negative balance” refer to the amount of money you owe to the credit card company or the amount they owe you, respectively. Typically, when you make purchases or take out cash advances on your credit card, your balance increases....
Having a negative balance on your credit card means the company owes you money, a reversal of the ordinary situation. This is known as having a credit balance. It typically happens when you return a charged item after paying for it, or if you overpaid th
A credit card balance is the amount of money you owe to a credit card company, including charges, interest, and fees. Carrying a balance on your credit card can be costly, as you may be charged interest on the unpaid portion. A negative credit card balance can be resolved by requesting...
What if I have a negative balance? Anegative balanceon your credit card statement indicates that your card issuer owes you money. For example, this can happen after returning an item that results in a refund, overpaying your balance or receiving cash back as a statement credit from acash ba...
Don't miss:See a negative balance on your credit card? Here's what you can do about it The balance reported to the credit bureaus appears on yourcredit reportand can affect yourcredit utilization rate, which is the percentage of the total credit you're using. The higher your balance, the...
Negative balance. If your account has a negative balance, you don’t owe the issuer anything. On the contrary, a negative balance indicates that the issuer owes you. » MORE: Statement balance vs. current balance: What’s the difference on your credit card? Ready for a new credit card...
Balance transfer cardshave low introductory interest rates and fees on balance transfers from another credit card. Secured credit cardsrequire an initial cash deposit that is held by the issuer ascollateral. Charge cardshave no preset spending limit but often don’t allow unpaid balances to carry ...