Hols booked on cc how do I pay family back

dawnierobbo

Hi
i have used cc for 2 hols and refunds are due anytime 
how do I pay back my family members the money they are owed.  It is a lot of money so can’t really take the brunt and pay them my current account. 

Thank you 

D3xt3r5L4b

How else would you pay them?

Will the refunds put you’re credit card in “credit”?

victor2

I would guess they paid you when you booked the holiday, and you no longer have their cash available, as you cleared the credit card balance?

If you can't survive a few months buying everything on your credit card until the refund has gone, and paying the family back from your current account as funds become available, you may have look at withdrawing cash against your credit card, which is of course an expensive way to get the cash. Can you offer to pay some family member's bills using your credit card instead of paying them directly?

victor2

This sounds like a better option if available. From here:

Can I get a credit card refund in cash or transferred to my account?

Yes, you should generally be able to get any refunded credit is transferred to your current account by BACS payment, or sent to you via cheque. You’ll need to contact your credit card provider directly to request the credit is transferred.

bradders1983

Of course, the above assumes the refund puts the credit card into credit. I suspect it wont, and therein lies the issue the OP has.

wiseonesomeofthetime

Sadly, many, many people have found themselves in this position this year.

Not everyone "PAY IN FULL" their statement each month.

phillw

wiseonesomeofthetime said:

Sadly, many, many people have found themselves in this position this year.

Not everyone "PAY IN FULL" their statement each month.

A lot of them will have savings to cover their 0% credit card balance.

MinuteNoodles

phillw said:

A lot of them will have savings to cover their 0% credit card balance.

I love your optimism however there's plenty of posts on MSE forums to prove that is rarely the case.

phillw

MinuteNoodles said:
I love your optimism however there's plenty of posts on MSE forums to prove that is rarely the case.

I do kinda assume that anyone on MSE is going to follow martins advice.
https://www.moneysavingexpert.com/shopping/money-mantras/

[Deleted User]

Have a look in the DFWB, and Bankruptcy, subforums and you'll see not.

bris

phillw said:

wiseonesomeofthetime said:

Sadly, many, many people have found themselves in this position this year.

Not everyone "PAY IN FULL" their statement each month.

A lot of them will have savings to cover their 0% credit card balance.

No, the opposite is mostly true. The CC gets people sucked in and they live month to month paying the minimum.

The good intention we all have of paying in full every month soon gets put to the side month after month when this needs repaired, kids need new shoes etc etc, there is always an excuse. The world is drowning in debt and the banks want to keep it that way.

For the OP if the refund puts them in credit they can get it back to their bank account, if it's mostly taken by the balance then the balance gets reduced first before anything else.

A way to cover the cost could be a new card with a balance transfer deal, use the deal to clear the existing card so the old card would be in clear when the refund hits.