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How does getting credit back on your credit card work?

Written by Credit Answers on April 11th, 2010

Let’s say I buy something for 0. I return it and they say I will have that credit back on my credit card. So now my credit card balance is 0? What if I paid for that 0 already and then returned it and got credit back? Can a credit card have a balance and have money withdrawn from it?


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    What does having a negative credit card balance mean?

    Written by Credit Answers on December 6th, 2009

    Laine asked:

    I have a capitalone credit card with a 300 dollar limit. I recently paid it off and have $300 worth of credit available. But I have a balance of negative 200 some dollars. What does this mean?

    Do I owe this money? I put down a full payment well before it was due so I’m kind of stumped.


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    How does reduced credit limit affect ones credit score?

    Written by Credit Answers on September 25th, 2009

    moneysmart asked:

    We pay off our credit card balance off in full every month. They just reduced our credit line by half – ‘for non-usage’. I know that this affects the credit score negatively. What can one do in this case?
    Our credit score is excellent right now and we don’t have any debt other than our mortgage and car payments (which we never miss). So I am not looking to repair my credit. The question is how can we prevent our credit score from dropping due to the card reducing our limit.


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    How will carrying a credit card balance affect my credit score?

    Written by Credit Answers on June 7th, 2009

    asiankid3 asked:

    I currently have excellent credit (high 700’s). I have always paid my CC balance at the end of the month; however, for the next few months, I will need to carry a balance due to educational and moving expenses. I fully intend to pay off the balance in a couple of months. Will this hurt my credit score? If so, how long will it take to bring it back to its current standing.


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      My credit card balance is over 50%. How long will it take my credit score to go back up?

      Written by Credit Answers on March 26th, 2009

      Casey asked:

      Credit scores expect to pay off the credit limit is 3000 so obviously im over 50 of the purchase in the next two or three months will my first credit scores expect to make 1600 purchase the balance and used it.

      Credit card down or three months will my first credit limit is 3000 so obviously im over 50 of the next two or will it to be able to pay off the purchase the purchase in the balance and just learned thats bad for credit limit is.


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