What is a Negative Credit Card Balance? | Forum

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jiyamehra Feb 8

A negative balance on credit card , also known as a credit balance, means the card issuer owes you money. This happens when you:

  • Overpay your bill: Pay more than your current statement balance.

  • Receive refunds: Return a purchase made with the card, exceeding your current balance.

  • Earn rewards: Redeem rewards for a statement credit that surpasses your owed amount.

It's a positive situation, essentially free money you can use towards future purchases or request as a refund.