There's no way to boost your credit score by overpaying your credit card bill. Having a negative balance on your credit card means the company owes you money, a reversal of the ordinary situation. No, a negative balance doesn’t hurt your credit score or affect your card’s credit limit. I’ve done this twice in recent weeks, and the process took less than 48 hours each time. For example, if you have a credit limit of $10,000 and your negative balance is $500, you’ll have $10,500 in available credit to use. David’s first move should be to call Amex and ask them to credit the negative balance back to his linked bank account. Edited to add: Not sign up bonus in my case, just quarterly bonus. Credit card companies can't report that a card has a negative balance. Payments and credits, on the other hand, post as negative numbers. But it will, technically, affect the total amount you can spend on your card. However, once the APR kicks in, you’ll be subject to paying interest, which is around 15% on average for all credit cards, on any new or remaining balance. This is known as having a credit balance. Instead, you find there is a negative balance on your credit card. It means that you have a credit balance. A credit card statement is one of the few times when a negative number is a good thing financially. They'll start with a negative balance and keep posting to it until it becomes zero with the next set of purchases. You may choose to keep this balance on the card to be applied to future purchases or opt to have a check issued to you for the negative balance … Well, unless Discover very quickly cuts a check (and that usually doesn't happen on the first month of a negative balance) there WILL be a statement credit. However, many people wonder what having a negative balance on their credit card means and if it can be harmful to their credit score.If you’ve been wondering the same thing, keep reading. Charges on a credit card, which increase your balance, show up as a positive number on a statement. If you overpaid your credit card balance or had refunds post to a credit card account with a zero balance, you may end up with a negative balance. But YMMV. In addition, there can be negative effects to your credit. Yes, after you log into the Account Center, select "Activity & Payments" in the navigation bar and click on "Recent Activity" in the dropdown menu.You will be able to view all the activity on your account since your last statement including purchases, balance transfers, cash advances, payments, and credits. Instead, they must report it as a balance of $0. If you have an excess, or negative, balance on your card, the Truth in Lending Act offers ways for your card issuer to address the situation.. Instead of you owing the bank money on this credit card account, the bank owes you money. No, this probably isn’t a typo or a rogue negative sign on the bill. This is … If your bank isn’t as generous, you can continue charging new purchases to the card until you use up the negative balance. The negative balances are typically base points though, not bonuses. In most cases, the bank will honor a request to send you a check for the amount of the credit balance. It could immediately credit the amount of the overpayment to your account. So, you got your credit card statement in the mail and ripped it open, expecting a $0 balance. I have had the same issue with Discover and Citi. It typically happens when you return a charged item after paying for it, or if you overpaid the amount due. 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