Is a statement credit for a credit card only applied to a balance?
Credit Card
D A asked:
When a company offers a statement credit, does that amount appear on your card free for you to spend or is it only applied to an existing balance on the card?
When a company offers a statement credit, does that amount appear on your card free for you to spend or is it only applied to an existing balance on the card?
In other words, do you get anything if you have no balance?
Caffeinated Content
February 16th, 2009 at 7:19 pm
Caffeinated Content
A credit would be applied to the balance. If your balance was 0, the credit would give you a negative balance. You can make charges and use up the credit balance.