Adam McCann, Financial Writer
@adam_mcan
A U.S. Bank credit balance refund is a reimbursement for paying more than the total balance owed on a U.S. 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 U.S. Bank credit balance refund by phone (1-800-285-8585) or by sending a written request to
Cardmember Service
PO Box 6352 Fargo
ND 58125-6352
U.S. Bank cardholders can get a credit balance refund in the form of a check.
Please note that you are not required to request a credit balance refund if you overpay your U.S. Bank credit card. If you have a negative balance on your account, meaning you've paid more than you owe, future purchases will be credited until the balance is back to zero. If you maintain a negative credit balance for six months, U.S. 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.
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...
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