My credit card has a negative number but my credit limit has not been exceeded. Do I owe that negative sum to the bank? I have only spent 26$ since I made my last payment to the card. Does this actually mean I owe them that negative balance?

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    Did you overpay or make a return? A negative balance on a credit account means it has excess funds, so they owe you money. – Hart CO Nov 14 '17 at 19:22
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    Negative number for what? Available credit? Current balance? – D Stanley Nov 14 '17 at 19:25
  • "I owe them that negative balance" owing them negative money means that they owe you money. – RonJohn Nov 14 '17 at 20:38

A negative balance on a credit card account means they owe you money. This typically happens when you are issued a refund on a purchase around the same time as your payment goes through.

Your transaction history should show each purchase as a positive amount, and any payments/refunds as negative amounts. A negative balance can be paid out by the bank if it remains for a length of time (~6 months, or sooner if you request a refund), but usually they just show a negative balance and it gets resolved as you make additional purchases with the card.

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