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Posted in Credit Cards
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Question By
ulillillia

2 Contributions
0 People Helped
Negative credit card bill
When your credit card is just paid off in full and doesn't get used at all for 20 days, like within 5 days of the end of the billing cycle or something, then I buy something that's like $50 or so, putting it on the credit card, then wait until the bill comes without using that item you just bought. Pay the bill in full, then return the item with the receipt so that it goes on the card. This produces a negative balance on the bill. Now, wait until the current billing cycle ends and you... get a bill showing that the card issuer owes you money. Does having a negative balance have an adverse effect on the card? How does it impact utilization? For simplicity, let's say this card has a $500 limit and it's the only one you have. This would make you have a -10% utilization with the $-50 balance.

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Top Contributor
1282 Contributions
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Like no.

You'll use the card again, so the point will be moot.

If you have an item returned on a closed account, like the lending firm will send a check and reimburse you after like in about 90 days.

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