Credit card refund from travel agents

sean8997

We had our holiday cancelled which was paid for on our credit card. We paid off the credit card straight away meaning we have a zero balance. The travel agent has informed us that the money paid for the holiday will be refunded to the card it was paid on. With this in mind, this will mean we will then be in credit in our credit card account, if we then transfer this to our main savings will be be charged for the money transfer?

[Deleted User]

Depends what you mean by transfer.

If you ask the lender to send you the credit balance, then no.

All other ways, yes.