Maria Adams, Credit Cards Moderator
@m_adams
If you overpay your Bank of America credit card, the payment will result in a negative account balance. This means that the Bank of America will owe you money. The amount you overpaid will count toward the next purchases you make with your card until your balance is back to zero.
Alternatively, you can ask for a credit balance refund. For example, if you had a balance of $500 but you paid $600, you can get a credit balance refund of the $100 that you overpaid. It’s also worth noting that, if you maintain a negative credit balance for six months, Bank of America is required to offer you a refund.
How to Request a Bank of America Credit Balance Refund
You can request a Bank of America credit balance refund by calling customer service at (800) 732-9194 or by sending a written request to:
Bank of America
PO Box 982234
El Paso, TX 79998-2234
Ultimately, keep in mind that you can get a credit balance refund from Bank of America in the form of a check.
2023's Best Bank of America Credit Cards
Compare CardsPeople also ask
What happens if you overpay your credit card?
If you overpay your credit card balance, the payment will result in a negative account balance, which means the credit card company will owe you money. The next time you make a purchase with the credit card, the amount you overpaid will count toward it.
If you accidentally overpaid your credit card and would like a refund, you can submit a written request to your credit card company. Federal law requires a refund to...
read full answerHow long does a credit card refund take?
A credit card refund could take anywhere from a few minutes to several weeks, if you’re returning a purchase. But if you’re seeking a refund because you’re disputing a charge on your monthly statement, the process could take up to 150 days. The law dictates that you must notify your credit card’s issuer of the problem within 60 days. And they must resolve it within 90 days of being notified.
Here’s what decides how long a credit...
read full answerWhat is a Bank of America credit balance refund?
A Bank of America credit balance refund is a reimbursement for paying more than the total balance owed on a Bank of America credit card. For example, a cardholder who has a balance of $500 but pays $600 can get a credit balance refund of the $100 that they overpaid.
Cardholders can request a Bank of America credit balance refund by phone (1-800-732-9194) or by sending a written request to
Bank of America
PO Box...
Did we answer your question?