2006-08-30 12:35:13 · 15 answers · asked by Kohaku N 2 in Business & Finance ➔ Credit
the first reply just nailed it, nice & simple: the money will go towards
your next bill, which MAY be seen as a reimbursement if you want to stretch the meaning of the word.
here you'll find a few comprehensive sites that explain CC quite nicely.
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me lol, hope it helped you!
2006-08-31 03:57:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The credit card company notifies you that you have a debit balance on your card, and to make no further payments until the balance is again on the credit side. To request a refund, you will have to make a service call and explain what happened. Human beings only monitor the balance if you request it, otherwise, you will keep getting notifications of a debit balance until it is gone--these are most often computer-generated. B.
2006-08-30 19:44:33 · answer #2 · answered by Brian M 5 · 0⤊ 0⤋
If you retain the credit card, it will go towards your next payment due. If you are getting rid of the credit card and paying off the balance then they will notify you of the difference and write you a check.
2006-08-30 19:41:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Actually, deliberate over-payments before planned purchases are what prompted banks to invent the debit card. The balance stays on the card until you spend it or request a refund.
2006-08-30 20:51:41 · answer #4 · answered by STEVEN F 7 · 1⤊ 0⤋
They kiss your feet. No, your bill for your credit card is like a loan, they apply what you didn't pay for your interest, minium balance, to the principle, the rest of your bill. So the minium balance for next month will be lower.
2006-08-30 19:46:03 · answer #5 · answered by jadeaaustin 4 · 0⤊ 0⤋
You will have a credit balance on your credit card which will be applied to your next purchases.
2006-08-30 19:41:01 · answer #6 · answered by Gone fishin' 7 · 0⤊ 0⤋
it will be applied to future credit you may run up. If you do not use it, normally the credit card company will send you a check after several months, but it will not include any interest that they may charge you.
2006-08-30 19:42:47 · answer #7 · answered by wow_rmkr 4 · 0⤊ 0⤋
They just carry it as a credit and subtract it from your next bill. They don't pay you interest of course, they just know how to charge interest.
If you want to close the account, let them know and they should refund the overpayment.
2006-08-30 19:41:57 · answer #8 · answered by Larry T 5 · 0⤊ 0⤋
nothing If is still overpayment u can use the balance up as credit
2006-08-30 19:39:50 · answer #9 · answered by nitemareboys 2 · 0⤊ 0⤋
nothing---you can actually spend the difference between your credit limit and anything you paid over
I work for Wells Fargo
2006-08-30 20:21:05 · answer #10 · answered by christiansareawesome 4 · 0⤊ 0⤋