Question
So, I have a little-used Capitol One credit card...a Visa, I think.
Before the income tax refunds arrived, I took advantage of a no-fees cash advance from Capitol One, which came with some low interest rate, like 5%. I only needed the money ($1200) for about 2 weeks.
Anyway, before the bill came, I paid it electronically, but I paid $1202.35, to include a rough approximation of the interest that should be due.
Imagine my surprise to get the latest bill now showing a credit of $2.35....meaning that I avoided paying ANY interest.
What a great deal!
Helpful hint to get the credit balance back: use the credit card to buy gasoline, stopping the pump exactly at $2.35.
Answer
I'm pretty sure by law, on consumer credit cards, they have to send you a check after 60 or 90 days. I've got a couple cards from Citi I'm going to retire. I think I'll over pay them by $0.01 and see if they send a check. :)
Answer
I'm pretty sure by law, on consumer credit cards, they have to send you a check after 60 or 90 days. I've got a couple cards from Citi I'm going to retire. I think I'll over pay them by $0.01 and see if they send a check. :)
I canceled a Citi AA card that had no (positive or negative) balance, and no activity for 6 months, and they sent me a check for $4.48. Here's to hoping this will happen with every cancellation!