Cash

lesley2403

If I manage to get a refund of £2000 for my cancelled holiday and it goes onto my credit card can I transfer that back to my savings free??? I only use this card for holidays so don't want it sitting as a balance indefinitely

bradders1983

Yes of course you can, just ring and ask.

Grumpy_chap

Martin Lewis has put a post somewhere in one of his Coronavirus guides explaining the importance of the refund being processed as a return of balance and not cash advance (which is often subject to a fee).

eskbanker

Grumpy_chap said:

Martin Lewis has put a post somewhere in one of his Coronavirus guides explaining the importance of the refund being processed as a return of balance and not cash advance (which is often subject to a fee).

https://www.moneysavingexpert.com/news/2020/02/coronavirus-travel-help-and-your-rights/#creditcardrefund

If you're significantly in credit, you should be able to ask your provider to transfer the credit back into your bank account free of charge. You can do this by getting in touch with your provider directly – online or via its app if you can, as phone lines are likely to have long waits – and requesting a "refund of credit balance".

adamp87

Just a heads up as there’s been posts recently,  the refund back onto your card will obviously if there is a balance on the card take that into account first.

I.E if you have a balance of £500 owed on your card and the refund of 2000 hits it’ll only be positive £1500.

RichGT

I have complied with ALL requests of my credit card company, my point is that 3 weeks later, MY MONEY is till sitting in my credit card account as a "Return of Balance". How long should this take?

RichGT

bradders1983 said:

Yes of course you can, just ring and ask.

hahahaha, I'm still waiting after 3 weeks

notveryeducated

RichGT said:

bradders1983 said:

Yes of course you can, just ring and ask.

hahahaha, I'm still waiting after 3 weeks

Which bank/provider is that? 

NoodleDoodleMan

I received a decent(ish) refund last week on to our Barclaycard - managed to call a helpful (working from home) rep. without waiting too long, the money was back in my normal current account within 24 hours.