Chip Lupo, Credit Card Writer
@CLoop
A PNC Bank credit balance refund is a reimbursement for paying more than the total balance owed on a PNC Bank 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 PNC Bank credit balance refund by phone (1-800-558-8472).
PNC Bank cardholders can get a credit balance refund in the form of an ACH refund credit to the bank account from which the payment was originally taken.
Note that you are not required to request a credit balance refund if you overpay your PNC Bank credit card. You will have a negative balance on your account, so your future purchases will be credited until the balance is back to zero. And if you maintain a negative credit balance for six months, PNC Bank is required to offer you a refund.
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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.
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A negative balance on a credit card means your balance is below zero, and your credit card company owes you money rather than the other way around. Your credit card balance could be negative if you make a payment that's a lot larger than the balance due or if you receive a credit to your account. Credit card companies generally prevent you from paying more than you owe, especially online, but if you pay by check,...
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