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Because of an accidental overpayment, I ended up with a credit balance of $0.38.

My statement shows a transaction labeled "SMALL BALANCE ADJUSTMENT DEBIT ADJUSTMENT" in the amount of $0.38.


Are you sure you didn't underpay by $0.38? A 'debit' on credit card statements is usually shows that you have spent money by purchasing something, so a 'debit adjustment' could be adjusting the amount you owe downwards.

Anything showing a positive balance on your credit card statement is actually money that you owe. A credit balance would be shown as a negative balance on the statement.

Are they allowed to do that?

Probably, but you would need to look at your cardmember agreement to be sure. Unfortunately, I was unable to find a copy of any Elan credit card agreements online. But small balance adjustments are typically allowed. That said, I have had multiple credit cards provide me adjustments when I have slightly underpaid - usually for less than $1, although a few have been for something less than $5. On the occasions where I have slightly overpaid, or maybe I paid and there was also a credit given for a return, so that I ended up with a credit balance, the credit card company has usually let that credit ride. At some point, if you have a large enough credit balance, and it's sat there for longer than, say, a month, credit card companies will often cut a check and send it to you.

AJ
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