Overpaid credit card

mauranya

Hi everyone, I overpaid my credit card by £14.00 If I spend that £14 will they charge me interest?

MrJester

mauranya wrote: »

Hi everyone, I overpaid my credit card by £14.00 If I spend that £14 will they charge me interest?

Pretty sure its free £14 to do what you want with with no cost, otherwise any future charges/interest will take it away

mauranya

thank for the reply, wasn't sure if it was a silly question

MrJester

mauranya wrote: »

thank for the reply, wasn't sure if it was a silly question

I think I did that before, overpaid. Then on the balance it said -£20 or whatever. I think I just left it and my next payment from my current account was just less because of it.
So you could use it, or just leave it there, and next payment I think will be taken some from that.

eskbanker

Many credit cards specify in their Ts & Cs that they're not to be used in this way, so if you've overpaid, albeit inadvertently, it's probably worth spending at least £14 on the card at the first opportunity, just to straighten things out.

Nasqueron

I had this when a balance transfer went on the same day as the dd so I ended up £184 in credit, it happened while I was on holiday but not had anything from the bank a week later and bought some stuff when I got back and seems ok.

jonesMUFCforever

It will only cost the OP if they decide to cash the £14 from the card - all previous advice to spend it is good.

manami_mnm

I overpaid my credit card by £50 and nothing happened.

Squatch

Hi, I just signed up to Experian and found a credit card I closed in Dec 2012 showing as having a £14 credit. Am I entitled to interest on that as they have never written to me to tell me this even after closing my account? They would for sure have written to me and charged interest if I owed them £14.

eskbanker

Squatch wrote: »

Hi, I just signed up to Experian and found a credit card I closed in Dec 2012 showing as having a £14 credit. Am I entitled to interest on that as they have never written to me to tell me this even after closing my account? They would for sure have written to me and charged interest if I owed them £14.

What did the statements say?

The short answer is no, you're not entitled to interest - and even if you were, it would be negligible. If you can clearly demonstrate some fault of theirs and complain they might make an ex gratia 'go away' payment though....