the credit card company sends people to get their money i would want to pay them.
they will take your money and repossess your belongings
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.
you go to jail
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!!!
the credit card company sends people to get their money i would want to pay them.
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?
they will take your money and repossess your belongings
the credit card issuer pays the store
Call the bank, and cancel that card before anything happens
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.
you go to jail
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.
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!!!
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.
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.)
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.