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Original poster

Balance transfer greater than amount owed on the credit card

4 replies

Bigpinkbubblebath · 04/10/2025 10:13

I’ve just opened a new card to balance transfer existing debt of £1000.

Since applying, I’ve had a refund from a retailer and the balance is just less than £500 now.

What happens in this instance? Does the card go into credit?

OP posts:
Gizlotsmum · 04/10/2025 10:15

Yes it will go into credit and if you close the account you will get the credit back

NaranjaDreams · 04/10/2025 10:15

You can just ask for the credit back, too, if you’re not closing the account.

Boohoo76 · 04/10/2025 10:18

You can ask for the credit back. I once got £6500 back as I had a holiday cancelled due to COVID lockdown. Phoned up Amex and they put it in my bank account within a few days.

Original poster
Bigpinkbubblebath · 04/10/2025 11:07

Excellent, thanks all.

OP posts:
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