Account in credit: not allowed?

[QF009]

I once asked AMEX whether it's possible to pay my credit card account into credit, and they mentioned that due to "recent regulatory reforms" it's not allowed.

I mistakenly Bpayed my account twice, and as a result the account will be in credit by a substantial amount. I was just wondering if there are any consequences of this? They won't shut me down or impose a fee will they?

Oh well, I'll just prioritise the use of the credit card over the charge card until the credit is spent I suppose.

[Evan]

I have done it before and nothing was ever said. I don't think they care really. But what they wont do is give you a great interest rate like has been the case a few years ago now.

[QF009]

Thanks E. Hopefully they warn me beforehand if they decide to do anything odd, wouldn't be happy to discover that my card's been cancelled or something whilst overseas.

[Dave Noble]

If you have overpaid, just contact AMEX and they will refund the excess back

Dave

[QF009]

I don't really need a refund, as it's money I intend to spend on my trip anyway (via AMEX). It just means I'd have to use the credit card for a bit rather than the charge card. My only concern is that I've broken some kind of unpublished rule and attract some consequences as a result.

[JohnK]

I was once told not to put the account into credit as there is a possibility the card will be cancelled automatically. I don't know how accurate that statement is as I have never tried.

[diesmile]

I was once told not to put the account into credit as there is a possibility the card will be cancelled automatically. I don't know how accurate that statement is as I have never tried.

i doubt this is true. i have overpaid my account many times, and never had a problem.

i set up a direct debt payment plan on my account, but sometimes i decided to pay a small amount to avoid a large bill at the end of month. but if my timing was wrong, then i will end up with overpaying.

but i have no problem with using the card. the online statment shows i got more amount to spend and bill ends up with credit.

[Mal]

Hmm, I have overpaid my account a few times recently, and never have heard from Amex about it.

They were sums > $100 though, so perhaps they care about bigger amounts?

Amex are even going to send me a cheque for an overpayment to the account I'm now closing!

[ArseneV]

I was once told not to put the account into credit as there is a possibility the card will be cancelled automatically. I don't know how accurate that statement is as I have never tried.

Same here. However, they mentioned there could be a technical error on their part and the money wouldn't be readily available. This was through my bank credit card.

[markis10]

I was once told not to put the account into credit as there is a possibility the card will be cancelled automatically. I don't know how accurate that statement is as I have never tried.

My AMEX credit card (as opposed to charge card) was automatically cancelled and a new one issues along with a cheque in 10 days after I overpaid by $1500 back in 2004.