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Hello, I have a credit card with limit of 3000$. What if i deposit 3500$ of check into it?

Will it show -500$? Will they give me interest back now?

What will be the effect of credit score because of this if i put this for long term?

they wont give you interest, but they will show a $500 dollar credit. I did this all the time when I would go on vacation and used a credit card. I allowed them to automatically withdraw the money from that card. So, they it would incur a bill, which would in turn be paid by my $500 dollar credit.

the 3000 is a LINE OF CREDIT, not your balance. You can charge up to 3000 at any one time before additional charges would be declined. If you sent them a check for 3500 when you had a zero balance, they would either return your check, or credit the payment and show you temporarily having a 6500 line of credit--the 3000 they authorized you to spend plus the 3500 you paid them. You would NOT get interest on this balance, nor would it improve your credit rating in any way. Put your 3500 in an investment earning 5% or better if you can find it and enjoy the interest that way. Keep the money available to always pay your credit card balance in full by the monthly due date and that will improve your credit rating. The bank will also increase your available credit, but BEWARE: They do this because they do not like you paying off in full every month, and they hope you will spend more on the card than you can pay off, so you have to make minimum payments, or any amount less than the full balance. That is how they make their big profits--credit card interest--check the rates they get--those are often near 30 per cent--OUTRAGEOUS what they can get away with.

if your card is maxed out to the 3000.00 limit and you pay 3500.00 you would just have a 500.00 credit towards future bills. credit card intrest is only placed on a monthly basis. It is not like a car loan where you see the amount of intrest on the entire amount and length of the loan. so no you wouldnt get intest back.

but lets say you do this and you have the 500.00 credit and you charge 400.00 after you do that. you will not get a bill with a minimum payment on it they will take all that you charge from the credit you have paid in advance until you have charged past the amount you over paid is gone then they will go back to having you make minimum monthly payments.

an easier way of saying it is that if you did that them charged 400.00 with a 500.00 credit your next bill would read (400.000 charge---$400.00 payment 100.00 credit)

if you have no balance on your card currently it would make no sense to send that much into them as there is no benifit in doing so.

if your card is maxed out to the 3000.00 limit and you pay 3500.00 you would just have a 500.00 credit towards future bills. credit card intrest is only placed on a monthly basis. It is not like a car loan where you see the amount of intrest on the entire amount and length of the loan. so no you wouldnt get intest back.

but lets say you do this and you have the 500.00 credit and you charge 400.00 after you do that. you will not get a bill with a minimum payment on it they will take all that you charge from the credit you have paid in advance until you have charged past the amount you over paid is gone then they will go back to having you make minimum monthly payments.

an easier way of saying it is that if you did that them charged 400.00 with a 500.00 credit your next bill would read (400.000 charge---$400.00 payment 100.00 credit)

if you have no balance on your card currently it would make no sense to send that much into them as there is no benifit in doing so.