How to Get Back Over-Payment $$


Reader Jesse heard the siren song of yellow bikini-clad Annie, and dabbled in a li’l Arbitrage!  He wanted to know the best way to get the free money from his Chase Slate into his wallet and ultimately into Everbank where he could sit back and earn 1.25%.  He already had a Citi® Dividend Platinum Select® Visa® Card – $100 Cash Back card, so this was simple.

Click on “Chip’s Favorite Credit Card Offers” at the top right side of this website for up-to-date deals, terms, and conditions on these cards and more.  Email me if you have any questions about which card might be right for your situation.

Requesting an overpayment from Citi is the easiest way I have found to do this.  I recently overpaid my Citi Dividend card to show you screen captures of how I got back my over-payment (see below).  Login to  Click on the heading “Tools & Services”.  Scroll down to “Request a Credit Balance Refund”.  I had a $40 credit balance and clicked “Request Refund”.  A check arrived a couple weeks later.  Done and done.

If Arbitrage is new to you, check out the video.  In boring typing, here’s the scoop:

Open a Chase Slate card. Transfer the entire credit limit (at 0% interest for 15 months with NO fees at all) to another credit card.  I suggest the Citi Dividend card. Then request a refund of any overpayment. When that check arrives, open an account at  Everbank and earn 1.25% on money that cost zilch. Well played! If you wanna jump a few hoops, you can get 3.09% at Consumers Credit Union.





Please enter your comment!
Please enter your name here

Spam control * Time limit is exhausted. Please reload CAPTCHA.