Why is my total amount due negative?

The negative sign indicates an overpayment of the bill and you may be eligible for a refund.

How do I fix negative balance on credit card?

If you end up with a negative balance on your credit card, you can kick back and wait for the credit card company to handle it. Even if you don’t request a refund, your credit card company is required by law to make a good-faith effort to return the cash to you if the negative balance remains for six months.

What does a negative amount on a bill statement mean?

A negative balance indicates that your bill was overpaid and that you may be eligible for a refund.

What is difference between statement due and minimum due?

The minimum payment is the smallest amount of money that you have to pay each month to keep your account in good standing. The statement balance is the total balance on your account for that billing cycle. The current balance is the total amount of your most recent bill plus any recent charges.

What does your balance is below zero mean?

An account balance that falls below zero represents a net debt—for example, when there is an overdraft on a checking account. For financial accounts that have recurring bills, such as an electric bill or a mortgage, an account balance may also reflect an amount owed.

Should I pay minimum due or last billed due?

It is hence advised to repay full credit card dues within the credit-free period available and avoid paying only the minimum amount due”. A credit-free period normally ranges from 20-50 days during which the lender who has issued the credit card does not charge you any interest.

Why is there a negative balance on my credit card statement?

The negative amount is either because of an over payment or a reversal of some purchase. The mis-sync is because of the billing cycle dates. By the time your statement was generated, the refund/reversal was accounted and the new charges were not debited, so you have a negative balance on one side and a unbilled due amount on the other.

What should you do if you have a negative credit card?

If you notice you have a credit card with a negative balance, don’t fret. You don’t really have to do anything. But there are a few simple actions you can take if that will give you peace of mind: Contact customer service: If you’re not sure why you have a negative balance, contact your credit card issuer for an explanation.

How do I get rid of a negative balance on my credit?

Contact customer service: If you’re not sure why you have a negative balance, contact your credit card issuer for an explanation. Request a deposit: Check with your credit card issuer to see if you can request the negative balance amount to be deposited to your bank account.

What does a negative sign in front of a bill mean?

I have a bill showing a negative sign in front of the amount due. What does this mean? The negative sign indicates an overpayment of the bill and you may be eligible for a refund. This question comes to us most often from newly admitted students who have not yet incurred any charges but have paid the tuition/housing deposit.