What Does Minus Mean On A Credit Card Statement A negative number on a credit card statement balance means that your credit card company owes you money Whether due to an overpayment a returned item or a statement credit a negative credit card balance signifies
The amount you owe usually shows as a positive number on your statement so when you make a payment the credit card company subtracts the payment from the owed What does a minus figure mean on a statement Here s how a negative balance occurs on your credit card account its effect on your credit score and credit limit and how to
What Does Minus Mean On A Credit Card Statement
What Does Minus Mean On A Credit Card Statement
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Having a negative balance on a credit card means you re in credit with your card provider rather than in debit In other words your balance is below zero so your card provider owes you money instead of the other way round A negative credit card balance means your card issuer owes you money it doesn t affect your credit score You could have a negative balance if you ve overpaid your bill received a refund or redeemed credit card rewards
It s possible for you to have a negative credit card balance if you receive a refund after making a payment have a fraudulent charge reversed overpay your bill or receive a statement credit A positive balance on a credit But if you have a negative balance on your credit card account it might look like the following instead 500 The minus sign in front of your balance indicates that you have a credit on your account For some reason
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A negative balance on a credit card means your balance is below zero and your credit card company owes you money rather than the other way around Your credit card balance could be negative if you make a payment A negative credit card balance simply means your card issuer owes you money equal to the negative dollar amount shown on your statement It s the opposite of a positive
The negative balance or extra credit usually shows a minus sign before the dollar amount when checking your credit card For example 100 00 You can generally spot the negative balance on your monthly statement and the main Here s how a negative balance occurs on your credit card account its effect on your credit score and credit limit and how to bring your balance back to zero
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A negative number on a credit card statement balance means that your credit card company owes you money Whether due to an overpayment a returned item or a statement credit a negative credit card balance signifies
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The amount you owe usually shows as a positive number on your statement so when you make a payment the credit card company subtracts the payment from the owed
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What Does Minus Mean On A Credit Card Statement - A negative credit card balance means your card issuer owes you money it doesn t affect your credit score You could have a negative balance if you ve overpaid your bill received a refund or redeemed credit card rewards
