I have an amex account, say the balance is $200. I setup autopayment for $500 every month.
What happens to the $300 left over after the autopay? Do they just take the $200, an no more?
It is too late to cancel the auto pay for this month.
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In your comment, you wrote "a typical credit card payment is $1000." So, on average, 9 day's of normal use will absorb that extra $300. Unless the autopay is set for the day the bill is cut, it's normal to pay the credit card 2 weeks after that bill was sent and you'd never actually have a positive balance (credit) on the account.
I have a similar set up, only 2 differences. It's a push system, my bank where I have checking is where I set up my payments. And it's only $100/mo. This is enough to make more than a minimum payment, and avoid a late fee should I somehow miss the bill. Of course, interest would accrue, but no issue from the card issuer.
Looking to revise based on comment
One of two results will happen:
(1) You will end up with a -$300 balance. Meaning you have a $300 credit on the account that will be applied to your next month's credit card balance; continuing until the credit is all used.
(2) Your credit card company will send you a check for the $300 of overpayment.
Because your automated payment is a "push" from your bank to the credit card company the bank cannot and will not change the amount you specified should be paid.