Negative Credit Card Balance

[cal3850]

Hi,

 

Does carrying a large negative balance on your credit card hurt your credit score?

[BW1216]

Hi,

 

Does carrying a large negative balance on your credit card hurt your credit score?

 

No, but it probably doesn't help either. I'd imagine it might make scoring models just think it's $0.

[blackangst]

Not necessarily. It will report as a 0 balance though.

[Roland99]

I have two accounts that are about to report with negative balances.

 

Actually, my Paypal is about a $16 credit but it just reported the other day as $0. My Target is about a $3 credit and I'll find out what it shows after the end of the month.

[BobWang]

I often have credit balances.

They report as a zero balance.

[JaseT]

I often have credit balances.

They report as a zero balance.

 

+1

 

My PenFed Visa always has a negative balance when it reports due to the cashback rewards posting.