A negative balance on a credit card is typically a positive sign, indicating that the consumer has overpaid for something or received a statement credit. Negative balances can result from refunds ...

A negative balance on a credit card is typically a positive sign, indicating that the consumer has overpaid for something or received a statement credit. Negative balances can result from refunds ...

Having a negative balance on a credit card means you paid more than you owe on your card. In most cases, the overpaid amount will be credited toward a future purchase.

A negative balance on a credit card, also known as a credit balance, is a credit to your account when your balance is below $0. It indicates that the card issuer owes you an amount of money.

What to Do About a Negative Credit Card Balance. If you’re worried you’ve lost your money, you can relax. The money is legally yours. Here are your options, and they’re pretty simple: ...

Most credit models typically consider negative balances equivalent to a $0 balance. This means a negative balance won’t hurt a credit score. Negative balances won’t improve a credit score, either.

Your credit card will have a negative balance if you've paid more than you owe. Here are the reasons this can happen: Save: This credit card has one of the longest intro 0% interest periods around.

Carrying a balance on your credit card affects your credit utilization ratio — or how much of your credit line you're using. If you're using more than 30%, your credit score can take a hit.

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.

If your credit card is paid up and you return something that was charged to the card, you’ll likely see the transaction reflected as a negative balance. 4. A fraudulent charge was reversed ...