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Credit card in credit
Katem
Posts: 126 Forumite
in Credit cards
I paid a deposit for a hotel using my CC last year (US) and have now cancelled the hotel. They have refunded my deposit onto my credit card, which is fine.
Now my CC will have a credit balance (about £200). Will this lie on my account against future spending, or can I get it back. Do I have to ask for it back or will they automatically refund it? I hardly use the CC, so it's best if they give it back tbh.
Any advice?
thanks
Now my CC will have a credit balance (about £200). Will this lie on my account against future spending, or can I get it back. Do I have to ask for it back or will they automatically refund it? I hardly use the CC, so it's best if they give it back tbh.
Any advice?
thanks
0
Comments
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Contact your credit card company, they'll be able to send it to your bank account.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
It won't be credited to my account automatically? If I decided to just let it lie there and spend it would that be ok?0
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In my experience if you request it back to your bank account it normally takes 1 - 2 days.
If you don't request it back then you can just spend on your credit card but don't owe anything you have spent all the credit.
DBI’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
You don't have to be the best -
Just be better than you were yesterday.0 -
OK that's great thank you
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To answer your question Yes you could spend the money on the card in the normal way.0
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