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BMO Ascend World Elite Mastercard Credit Card Review - Watch Before you Applyinvest-news.info � main � personal � credit-cards � credit-card-faqs. An overpaid credit card is one that has a negative balance. Overpayment often happens by accident or after a refund has been issued. A negative balance on your credit card means your bank owes you money after an overpayment, refund, or reversed transaction.