interest charges

Man_in_a_Suitcase

I always pay off my balance in full each month, which normally is a routine matter. However this month I have received my statement showing £1000, but since the statement date one of the transactions making up that amount has been refunded - amounting to £300. Will a payment of £700 now pay the balance in full or will the refund not have been attributed to that month?

jonesMUFCforever

It will depend on when the refund was made and the repayment date.
If you don't get the benefit this month you will next.

Man_in_a_Suitcase

The statement day was 4/9/07 and the refunded amount hit my account on 6/9/07. I'd rather not be paying £1000 if it only takes £700 to settle in full, but don't want to risk having to pay interest on the refunded £300 either.

LittleVoice

It may depend on which CC issuer you are with. For instance, I think I have noticed that Egg take account of refunds when they collect my full payment.

If you always pay your account in full, I suggest that, for the future, you arrange a DD to collect the full amount. That way the CC company will collect the money it believes is due and you don't have to take account of refunds yourself when making a calculation. They also take the money at the last possible moment and this may even gain you a little interest in your current account if you normally allow a little leeway for payments to reach your CC account.