refunds on credit newday credit

emir90142

what balance is £9 sixteen before probably £600 just looking to know how long my balance is available without paying yet altogether is it 30 days perhaps do they even allocate payments refunded in this case in same balance form thank you

[Deleted User]

Pardon?    

[Deleted User]

Card providers normally do not allocate credits/refunds to your payment amount so you would still have to pay that, it just means your total statement balance is lower. 

Normally once you make a purchase it appears on the card and goes on that statement period, anything up to 56 days interest free

emir90142

Deleted_User said:

Pardon?    

sir I cannot use my money because I have a high volume of refunded cash as it still appears on my daily transactions as farfetched has said I basically know the statement will be lower it currently is so how long am I waiting ?

[Deleted User]

If you have a refund to your credit card, if it's got a balance on it (as in you owe money), it will be reduced by the refund amount. If you have a credit on the balance then you should spend on the card and it will use up the credit.

TimSynths

Deleted_User said:

Pardon?    

Lol. I read it three times but I'm none the wiser.

lisyloo

emir90142 said:

Deleted_User said:

Pardon?    

sir I cannot use my money because I have a high volume of refunded cash as it still appears on my daily transactions as farfetched has said I basically know the statement will be lower it currently is so how long am I waiting ?

You will have to wait for your next statement.
Your statement is on the same day each month - five or take for weekends.
can you not see from you past statements which day it will get produced?

born_again

Deleted_User said:

If you have a refund to your credit card, if it's got a balance on it (as in you owe money), it will be reduced by the refund amount. If you have a credit on the balance then you should spend on the card and it will use up the credit.

Or if the refunds total more than the outstanding balance. Contact them & get it refunded to your bank account.

Never bank on a refund reducing the due payment. Some do, some don't. 

emir90142

absolutely this is the exact case friend it totals more than the outstanding amount 

Ebe_Scrooge

emir90142 said:

absolutely this is the exact case friend it totals more than the outstanding amount 

That shouldn't be an issue.  If you use your card regularly anyway, then just carry on using it and the refund will be offset against your next statement (meaning you'll have less to pay next month).  If you don't use the card regularly and would prefer a refund, simply contact them and ask for the credit balance to be returned to you.

emir90142

whats payment only looking £5.00 from online bank manager email text messages and company home address letter ? 1150 with eighteen over like we concluded 525 refunded please charlie