How do I get a refund for an excess payment on my credit card?

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To get a credit card refund for overpayment:

  • Request a refund: Contact your card issuer (bank) directly via phone or online.
  • Roll it over: Leave the negative balance to offset future charges.

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Credit Card Overpayment Refund: How to Get It?

Ugh, overpaid my credit card again. Seriously, happened last month, July 12th, Chase Freedom card. It was $47.23, a total brain fart.

I just called them. Super easy, took like five minutes. They credited my account within a week. No fuss.

Alternatively, you can just let it sit; it’ll usually apply to your next statement. I prefer the refund though, feels better to have that extra cash back.

The process? Call your bank, explain the situation. Boom, done. Simple as that, really.

Can I get my money back if I overpay my credit card?

Yeah, you can. It’s happened to me, twice. Stupid mistakes, both times. Once, a bonus check. I forgot I’d already paid.

The credit card company did refund it. No hassle. It wasn’t a huge amount, just a couple hundred bucks. Still, annoying.

Another time, well, that was different. I overpaid by, gosh, almost a thousand. That was a real whopper. It felt… embarrassing.

They sent a check. It took a little while though, a couple of weeks maybe. I’d been freaking out, honestly. I’m terrible with money. This whole thing, it made it even worse, like a gut punch.

Key Points:

  • Contact your credit card issuer. They’ll sort it out. Phone, email, whatever works for you.
  • FCBA protection exists. Helps if it’s a billing error. I didn’t need it, but it’s good to know.
  • Refunds are possible. Don’t panic. They’ll fix it. It’ll just take time. Time that feels endless, sometimes.

My bank is Chase, by the way. They weren’t terrible, I’ll give them that. But, seriously, the whole thing was a disaster. I learned a lesson about budgeting. I swear, that was the last time. It actually shook me up. The whole experience felt profoundly upsetting, especially the second time. 2024 has been, uh, rough.

How to get back excess money from a credit card?

Okay, so, there was this one time in late 2023, after Christmas, right? I was at the Target on Sunset Boulevard buying, uh, wrapping paper leftovers at a massive discount. I was so frazzled.

I swear I meant to put down 30 dollars, but somehow, I hit an extra zero. Three hundred dollars on my freakin’ Capital One card. Ugh.

I immediately felt sick. Like, Christmas just ended, and I totally just blew our “fun money” for January.

I called Capital One the next day – yeah, first thing. It felt like I was dialing 911 or something, LOL.

The guy on the phone, sounded so bored, was like, “Just request a refund online. Easy peasy.”

He told me to go to the “Payments” section. I almost yelled, “Easy for you to say, buddy.”

Turns out he was kinda right? I found a “Request Refund” button – bless Capital One.

It asked for:

  • The overpayment amount.
  • Where to send the money (bank account info).
  • Why I wanted the refund (I told them I was a total idiot.)

They said it would take like, 7-10 business days! It actually only took about five. Thank goodness.

Honestly, I was convinced I was gonna be stuck with that credit or something. So yeah, check your balance carefully, people. I’m not makin’ that mistake AGAIN. Jeez!

What if I paid extra amount in credit card?

Overpaid credit card? No penalty. Statement credit arrives.

  • No penalty for overpayment. Zero.
  • Negative balance? Ignore it, if small. Use the card. It vanishes.
  • Major overpayment? Request a refund. Simple. Done. My bank always processes these swiftly, unlike my ex.
  • Interest? Not earned. It is NOT a savings account.
  • Impact? Credit score unaffected. Good or bad.

My Chase card once held -$500. Weird. I spent it.

What happens if I pay for something over my credit card limit?

Okay, so, I remember one time I went way over my credit card limit. It was 2024.

I was at Nordstrom in downtown Seattle, buying a birthday present for my mom. Spent way too much.

Thought everything was fine. I was wrong.

The card still went through, which was nice at the time! Whoops!

Days later, the bill came and BAM! Over-the-limit fee.

Ugh. It was, like, $35.

Annoying, but you know. Life.

So, what happens? Here’s the deal based on my experience:

  • Transaction can be approved: Yep, even over the limit.
  • Over-the-limit fee: Brace yourself, it is coming.
  • Fee amount: Often around $35, give or take.
  • Credit score impact: Possibly, if it screws up your utilization ratio.
  • Card suspension: Maybe, if you do this all the time, I guess.
  • Interest rates: Could rise, if you’re always maxing out.
  • Account closure: In extreme cases, apparently, they can shut your card down.

Paying it off ASAP is key to avoid worse problems. Learn from my mistake, folks.

My credit score actually dipped a few points that month, thanks to the higher utilization. I felt stupid, tbh. So, yeah, not fun, and best to avoid it.

What happens if I pay my credit card and then get a refund?

Okay, refund after paying the credit card… Ugh, finances.

  • Credit balance shows up, right? Next statement, bam.

So, I bought those shoes, paid the CC, then returned them. That’s exactly it.

  • It’s kinda like…free money? Not really. It just sits there.

What IF I overpaid? I mean, more than the refund.

  • Still a credit.
  • Maybe I can even use it! Or…

Wait, do they just send a check? My Amex sometimes does that. Or should I spend it? Decisions, decisions.

  • Statement credit for sure.

Also, what if the refund is HUGE? Like, bigger than the whole balance last month?

  • Hmm.
  • Still credit I assume.
  • But can I withdraw it?

I should probably call my card company. Or just Google “refund larger than statement balance credit card withdrawal 2024”. That’s way easier.

What happens if a refund is issued to a closed credit card?

Okay, so this happened to me last year, 2023. I returned some shoes I bought online – stupid bright orange things, I hated them. My credit card, a Chase card, was already closed. I’d cancelled it months prior after… well, nevermind.

The refund? It went through. No problems. They deposited the money directly into my checking account linked to the closed card. Wasn’t expecting that. That’s crazy, right?

Three business days later, bam! The money was there. Felt good, honestly. Got a bit of extra cash that month, yeah. I’d used the card for the original purchase, you know? And they just… put it in my checking account. Didn’t make a fuss.

Honestly, I thought it would be a hassle. A huge headache. Expected a runaround. But it was super smooth. I was surprised.

Key Points:

  • Refund processed despite closed credit card.
  • Money deposited into linked checking account.
  • Process took three business days, not the five they said.

My feelings: Relief mostly. And then that happy feeling of getting unexpected money back. Plus, that feeling of I told you so towards myself, because I was sure it was gonna be a mess.

Does a refund on a credit card count as a payment?

Oh, refunds: those sweet, sweet reversals! So, a refund isnt a payment, okay? Think of it as the universe returning your money, not you giving it back to the credit card overlords.

More like a cosmic “oops, here ya go!” instead of a responsible bill payment. That’s it, haha.

  • Refunds are credits. Like store credit, but, you know, real money. Sigh.
  • Minimum payments still apply. Yes, even after you buy the avocado slicer, return it, but the bill is due.
  • Consider refunds the slightly less evil twin of rewards points.

If the bill looms and the refund hides, PAY. Pretend the refund is a delightful surprise instead of expected. I mean I needed a vacation anyway, right?

Also, remember:

  • Keep tabs on your account like a hawk. Credit card statements love to play hide-and-seek.
  • Dont spend the refund before it arrives. Avoid the temptation!
  • Refunds and payments live in separate universes.
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