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The overpayment will sit on your credit card account until youeither use your card to pay for items and use up the overpayment or you claim it back from the credit card company.
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∙ 11y ago
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If you did not pay your credit card what happens?
the credit card company sends people to get their money i would want to pay them.
What happens if credit card dues are not paid n credit card company sues you?
they will take your money and repossess your belongings
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What happens if i find a credit card and use it?
you go to jail
What happens if you pay a credit card more than you owe?
A Credit Card that is overpaid...they send you a statement on a monthly basis stating a negative balance. (-1.00) You will not receive interest or anything. It will sit there until you use your card again. If you have had any hassles with your Wal-mart, Zellers, Sears cards... here's a little food for thought. Overpay them by 10 cents and they are legally bound to send a statement of balance (+ or -). It cost them more money to send you a statement every month. I don't recommend this to all credit card issuers, but if they send you a bill for that interest that occurred of 57 cents when you paid off your card... those are the one that deserve this!!!
If you did not pay your credit card what happens?
the credit card company sends people to get their money i would want to pay them.
What happens when the credit card on file with a company you owe money to is invalid?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
What happens if credit card dues are not paid n credit card company sues you?
they will take your money and repossess your belongings
What happens when you buy something using a credit card?
the credit card issuer pays the store
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What do you do when you lose your credit card?
Call the bank, and cancel that card before anything happens
What happens if i find a credit card and use it?
you go to jail
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
What happens if you pay a credit card more than you owe?
A Credit Card that is overpaid...they send you a statement on a monthly basis stating a negative balance. (-1.00) You will not receive interest or anything. It will sit there until you use your card again. If you have had any hassles with your Wal-mart, Zellers, Sears cards... here's a little food for thought. Overpay them by 10 cents and they are legally bound to send a statement of balance (+ or -). It cost them more money to send you a statement every month. I don't recommend this to all credit card issuers, but if they send you a bill for that interest that occurred of 57 cents when you paid off your card... those are the one that deserve this!!!
What happens to credit card upon death in regards to the heirs?
The credit card should be returned to the credit card company or destroyed and the company should be notified immediately of the death so the account can be closed.
If you are issued a credit on a credit card that has expired what happens to the credit Does the credit still go through?
They will send you a check so they can close out your account (assuming that they aren't issuing a card with a new expiration.)
What happens when you have a credit on a credit card after a refund is posted?
It represents "money you haven't spent yet". If your next purchase on that card is $60, and the credit is $20, your next billing will be for $40.
