No. of Recommendations: 7
You're assuming that the request to not send a payment implies that it is an amount the issuer owes the consumer?

Sorry, it says it's a credit balance. From working for credit card issuers for 20+ years, I know that your theory is not correct, and that credit card issuers call a balance owed to the consumer a 'credit balance'. If you don't believe me, here from https://www.consumerfinance.gov/ask-cfpb/there-is-a-credit-b...

There is a "credit balance" shown on my statement. What is a credit balance?
Answer:
A credit balance on your billing statement is an amount that the card issuer owes you.


and from https://www.legalmatch.com/law-library/article/credit-card-r...

What Is a Credit Balance?

A credit balance occurs when your account has a balance that is owed to you, rather than a balance you owe to the credit card company. This can occur when you return merchandise or pay more than you currently owe on your credit card.


Done with this topic.

AJ
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