What happens when you get a positive balance in a credit card?

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What happens when you get a positive balance in a credit card?

So i bought this item online. And that was sometime ago. now the balance for the credit card that i used is 0. What happens if i get a refound sent to that credit card?? ? ? ;-)

dslandau

your account will be credited and you will have a credit balance on your card that will roll over every month until your account becimes inactive or is closed. In both those situations, your credit card issuer will send you a refund check.

kerridwen09

You'll not get a check for the balance. It just sits there until you buy something else and let's say you have a positive balance of $3. If you buy something that costs $10, you'll only have to pay $7 at the next billing.

iceman

Nothing, you simply have a positive balance. You can use the fund like a debit card until you back to 0 balance. Some companies may write you a check if you ask them to, but normally they only do that if you close out your account with a positive balance....

If it is a small amount they will keep it for a few months to see if you charge anything. If it is over say $40 they will mail you a check.

AldoMatic

Do you know the difference between a Credit Card and Debit Card? I found this article helpful I did not know the difference I assumed they worked the same
http://creditgoddess.wordpress.com/2007/03/30/credit-cards-vs-debit-cards/

sampathkumar.r.k k

check ill b send to u..........

tlbs101

They'll keep a positive balance for a month or 2 (or 4 for that guy above's credit card). If you don't charge anything, they mail you a check.

We get 'refund' checks for positive balances on our credit cards, all the time, because sometimes we won't charge anything on them for months at-a-time.

We just got a check for a whopping 85 cents from one of our credit cards -- that's about the dumbest thing I've seen in a long time.

.

gtamayo1

they send you a check, If they keep it longer than 30 days you get paid interest

Rocka

They should send you a refund check in 30 days if the balance is not used. You need to call them and see what their policy, , , call the number on the back of the card, or on your statement

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