What is a credit card credit balance?

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by olen , in category: Banking and Credit , 9 months ago

What is a credit card credit balance?

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1 answer

Member

by mikel , 9 months ago

@olen 

A credit card credit balance refers to a positive amount of money that is owed to a credit cardholder by the credit card company. This occurs when the amount paid or credited to the credit card account exceeds the outstanding balance or when a refund is issued for a purchase or payment made on the card. The credit balance can be used for future purchases or can be requested as a refund by the cardholder.