Really daft question about monthly bill and refund

veryintrigued

This is probably a really daft question and am sure I'm overthinking this but here goes...

I rarely use my credit card but when I do I always pay the balance off in full each month.

I have a refund to my credit card since the latest monthly bill but also further purchases after the monthly bill.

Can this refund be counted towards the latest bill?

To make it easy - £300 on the last bill. £200 refund since the last bill. £50 purchases since last bill.

So if I pay £100 I'll have paid the due balance off right?

[Deleted User]

Depends on which card you have and whether refunds are treated as payments.

bengalknights

It usually wouldnt be deducted off as a payment but would be on your end of month statement to pay less

agrinnall

As zx81 says, it depends. I have cards that work both ways. My preference is for the stated amount of the full balance DD to be taken and the refund just to go into the next statement, but one of my main cards from Nationwide reduces the DD which makes reconciliation a bit of a pain.

veryintrigued

Thanks for the replies folks.


Its a Nationwide credit card - sounds as if to be safe it may be wise to still pay the full amount.

matty_544

i have a nationwide cc and use this refund policy towards payment as a method to gain more time stoozing the money and delay paying back.

jonesMUFCforever

If you pay in full every time it won't make a bit of difference will it.
You just pay whatever the statement balance is.

veryintrigued

jonesMUFCforever wrote: »

If you pay in full every time it won't make a bit of difference will it.
You just pay whatever the statement balance is.

It'll certainly make a difference to the money I have to shell out when I may not need to......'won't it'.

Thanks to everyone else on this for their responses.

Over and out on this one.

Ben8282

Yes. You need to pay £100 by the due date. The £50 for new purchases will not need to be paid until the next statement.

Dan83

If you do on-line banking, log on and see what your balance is, then pay it.

If you don't bank on-line, give them a ring.

chuckley

Aqua claim to treat refunds as payment, but I don't trust any of them so pay in full regardless.