You know you are a true credit nerd when you accidentally overpay your credit card bill by $200. You see, I don’t wait for the billing cycles on my credit cards. Instead, I obsessively login online and pay down the balances about once a week. I guess one payment was still processing when I logged to MBNA again and paid the full total. Their online account system can be very confusing and automatically builds in a delay on your payments. The result – a $200 credit on my account.
Letting the credit card company keep that $200 safe for me just didn’t seem right. So I called into the MBNA customer service line to see if I could get the credit returned to my account. After 20 minutes on hold, I gave up and tried calling again later that night. When I finally got through to a representative, a nice woman informed me that a $200 refund could be sent back to me via paper check at the end of my billing cycle. That process could take weeks. Instead, I decided to leave the credit on my account. I’ll use up the $200 balance over the next few weeks worth on groceries and other expenses.
What would you have done in my situation? Have you overpaid your credit card before? Do you have a great "credit nerd" story to share? Post your feedback in the comments section below.