10+ Incredible Tips What Does A Negative Balance Mean On A Credit Card. That negative balance on your credit card is almost like cash in your bank account. Is a negative balance a bad thing? Usually, when you open your monthly credit card bill, you either owe money or have a zero balance. A negative credit card balance is when your balance is below zero, appearing as a negative amount.
At times there are refunds made to your credit card account for reasons like return of a product. A negative credit card balance is when your balance is below zero, appearing as a negative amount. It means you’ve spent more money than you had available.
A negative balance on your credit card means that your card issuer owes you money.
Instead of waiting for a check to arrive in the mail, you can simply use the. On the other hand, a negative. The balance on credit card statement indicates what's due from you to the bank.
2 Causes Behind A Negative Credit Card Balance:
Since it's a credit card, usually you would make purchases using it.