I received a refund after my statements closing date, so now i am showing a negative amount. What happens now? Do I have to ask them to send me a check for it or does it happen automatically? The credit card is Amex Blue.
Thanks.
2007-02-03 02:52:26 · 12 answers · asked by topsoill 1 in Business & Finance ➔ Credit
This happened to me once, and they left the negative balance on the card for one or two billing cycles, then they sent a check. It probably varies between companies though. For me, the negative balance was very small so I didn't mind leaving it on the card for a while in case I used it again.
If you would prefer the refund immediately you should probably call to confirm that they send a check out as soon as possible.
2007-02-03 03:02:19 · answer #1 · answered by JenJen 2 · 2⤊ 0⤋
1
2016-04-14 07:53:43 · answer #2 · answered by Blake 3 · 0⤊ 0⤋
Yes, negative balances have happened to me on most of my credit cards as I always schedule my payments online and when I happen to return merchandise or so, I end up having a negative balance. But thats almost never over $100 and I subsequently use up the balance. Negative balance doesnt incur any interest to you from the Credit Card Company.
2016-05-23 23:12:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This happens to me all the time. I have a different kind of credit card than you, but I'm sure they're all the same. They will not give you the money back. It will just show as a credit on your statement that will go toward your next purchase. I doubt any credit card company will have the time or patience to write checks to everyone who does that when they'll just be writing them another check in a month's time for future purchases. If you specifically asked for the money, that might be a different story. If you really want it, can you do a cash withdrawl from your credit account? That would probably work. Or, can you write a check from your credit account to yourself? That's all I can suggest.
2007-02-03 03:03:53 · answer #4 · answered by acgref 2 · 0⤊ 3⤋
Unless you close the account they don't send you a refund check for that negative balance. They'll just subtract that from your next charge. So it's sorta like you've made an advance payment on a future purchase on that card.
2007-02-03 03:01:34 · answer #5 · answered by fiestyredhead 6 · 6⤊ 0⤋
They apply that to your future balances as a credit. This is a good thing to over pay once in a while. They will increase your credit limit many times.
If i know that i am going to make a big buy i will over pay just to hold that money.
Keep those cards at zero or in the black each month.
2007-02-03 03:48:32 · answer #6 · answered by Anonymous · 1⤊ 2⤋
most credit card companys will just apply that to your future balances but if you like you could call them and ask that they send you a check but expect a long wait
2007-02-03 03:01:50 · answer #7 · answered by youhoo it's me 4 · 0⤊ 0⤋
They should pay you the same amount the charge for Interest, What gives, fair is fair, they use your Negative Balance to Issue Others Credit,
2014-09-04 11:56:48 · answer #8 · answered by bear 1 · 0⤊ 2⤋
Great point, but I'm not 100%
2016-07-28 08:13:25 · answer #9 · answered by Anonymous · 0⤊ 0⤋
they usually apply to future billing account sorta like prepay future bill
2007-02-03 04:04:13 · answer #10 · answered by tennessee 7 · 0⤊ 0⤋