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why is that credic card balance shows a negative number when they owe you money?

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  • 4 months ago

    Standard way to express what is owed to who.  If you owe them $50 the statement will say "New balance, + $50."

    If you overpaid or did a return and they owe YOU $30 it willl say "New balance, - $30"

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  • 4 months ago

    So it won't be confused with you owing them money

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  • 4 months ago

    So that you can tell the difference between them owing you money and you owing them money.  

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  • Anonymous
    4 months ago

    Life is full of mysteries. lol

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  • 4 months ago

    For the same reason it shows a positive number when you owe them money.

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  • danxp2
    Lv 6
    4 months ago

    The statement is about what the credit card company is due. Same goes for utilities, or any other bill. It is a statement of what the company collecting payment is owed, if you have overpaid they no longer are due any money, but you are now due some money. They do this so they don't move your credit limit. 

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  • Anonymous
    4 months ago

    Because that is how negative numbers are expressed.

    Let's say your balance is  $-10 and you buy something for $15.   Your balance is now $5.  

    $-10 + $15 = $5

    It's like magic.

    If they owe you $10 but your balance shows $10, when you buy something for $15 you now owe $35.   They ripped you off for $20.

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