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If your credit (not debit) card has a negative balance on your statement, then there is an overpayment (you paid more than you owe). So now they owe you money. This is usually applied towards future charges.

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Q: What does a minus balance on acredit card mean?
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Related questions

What does a number in parentheses mean when you check your balance on a card?

This means you have a negative balance.


What is does it mean if your balance says minus 12?

it means you need to zero or calibrate it.


What does it mean to transfer credit card balance?

To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.


What does it mean if your account has a minus sign?

IT most likely means that your overdrawn on your account and its at a negative balance.


What does a settled balance mean on a debit card?

It means the outstanding balance has been paid in full - leaving a zero balance owing.


Reginald's credit card statement states that his balance is 550 What does the term balance mean?

The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.


What does no balance transfer fees mean exactly?

An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.


What do parentheses mean in a credit card account balance?

Usually it means that you have a credit balance and the credit card company owes you money. This occurs when you pay more than you owe or you receive a refund from a previous purchase.


Why Two like signs become a positive sign?

Perhaps you mean minus minus one is plus one. Like subtracting (taking away) a debt is equivalent to adding on. If you bank balance is two dollars in the red (debt) if you add 2 dollars, that debt has gone. minus 2 minus minus 2 is zero, same as minus 2 plus 2 is zero.


Does a credit card balance in the fund balance account at the end of the year mean the fund has sufficient cash to pay its liabilities in a timely manner?

No. A credit balance in the fund balance accounts does not mean there is sufficient cash to pay liabilities in a timely manner. The assets are likely to include taxes receivable, and it is possible that the reported liabilities will exceed the cash balance


Your credit card statement says you have a 179.00 current balance and 13.00 available credit what does this mean?

It means that you owe 179 and that you have 13 more that you can charge to your card.


Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?

AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history