Credit Card Juggle

CannyJock

Karl.H wrote: »

Just out of interest. If you pay extra during a BT will your card go into a positive balance and stay there? Also, when you close the account I am assuming the postive value will be returned to the customer as a cheque, for example. Thanks for clearing that up.

Yup, positive balance after they charge residual interest is refunded as part of closure routine - worst case scenario is you get a cheque for the pennies ... like my recent £ 0.11 cheque from A&L

YorkshireBoy

Some providers, especially main banks, will refund to your current account by BACS.

Because a cheque refund can take up to 2 weeks to organise in my experience, and if a statement is due imminently, I now tend to spend any small positive balance to speed up the account closure. Typically this is done at the supermarket by saying, for example, "I'd like to put £2.45 on this card, and the rest on a different one". Never been refused (but wouldn't do it at the head of a long queue!).