Credit Card in Credit

Bertie_Yellow

Hi guys,

I have a credit card that I recently paid off, however I've just received a refund on it so now its £49 in credit. Can I get this transferred to my current account without a money transfer fee?

Thanks :beer:

[Deleted User]

Probably. Ask them.

However, it would be quicker and easier to just spend it.

T-G-C

It would depend on the provider and their credit agreement, in most cases, a refund would be considered less of an infraction than making a payment to bring the card into credit.

Since you haven't specified which provider, please contact them and explain the circumstances. They will provide the best option for receiving the due funds.

Or, like the previous poster has suggested, spending the balance would avoid waiting further. In some circumstances, the card provider could still block spending the overpaid amount or consider it separate to your current balance, in which case contacting them would be the best option here.

eskbanker

T-G-C wrote: »

It would depend on the provider and their credit agreement, in most cases, a refund would be considered less of an infraction than making a payment to bring the card into credit.

Not sure I'm with you on the 'in most cases' and these both being considered as degrees of 'infraction' - I'm not aware of any cards where the Ts & Cs permit the holder deliberately putting the card into credit, whereas refunds are perfectly legitimate sale-reversal transactions that are fully compliant with product terms, so aren't comparable with pre-loading in any way IMHO....

T-G-C wrote: »

In some circumstances, the card provider could still block spending the overpaid amount or consider it separate to your current balance

What circumstances are you thinking of (that relate to refunds as opposed to payments)?