Confused, Making payment on first Credit Card?

Alright, I do all my banking with Wells Fargo. A month ago I opened my first CC, and have been using it. I put the 28th of the month as my pay date, or whatever it is. Anyway yesterday I get an Email (28th) saying first payment 11/28/09 $25 (I spent $162, on my card). So I thought, "lets try to get good credit, I will just pay it now". So in the email it said if I would like to make a payment to go to "Account Activity", "Make a Payment". And after that I selected transfer money from another account and I selected Checking's. Then promptly transferred 163 a dollar more than amount owed. So I go back to my Account Overview to make sure everything is done, and my "Outstanding Balance" is still 162, but my credit line has increased by 163. What in the world, I thought it would fix itself today, but it hasn't. So did I pay correctly? What will happen to that extra dollar I transferred? And one more question; I paid for something with my CC and then returned it, now this time my money went to my "Outstanding Balance", but my credit line didn't go back up. So when does my credit line, reset and go to it's regular max. I thought this would happen every month.

1 month ago - 2 answers