What happens if I overpay my credit card?

If you accidentally overpay your credit card, don’t worry! The extra amount you’ve paid will be credited to your account, resulting in a negative balance. This negative balance will then be used to offset your future purchases or will be refunded to you upon request from the credit card company.

While having a negative balance might seem advantageous, it’s generally recommended to avoid overpaying your credit card deliberately as it ties up your funds unnecessarily. If you consistently overpay, the credit card issuer may even send you a refund check automatically.

So, in short, if you accidentally overpay your credit card, the extra amount will be credited to your account and can be used for future purchases or refunded to you.

If you found this information helpful, feel free to share it with others who might benefit. If you have more questions or need further clarification, don’t hesitate to ask!