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Credit Balance Refund
ForumUser7
Posts: 2,497 Forumite
in Credit cards
Hi, a credit card I have is now positive after a refund. I’ve heard I should ask the bank for a ‘Credit Balance Refund’. Is this a good idea and it won’t have any adverse affect on anything please? It’s with NatWest. Thank you
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
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Comments
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I've had a credit card in positive for many years, I still get good offers.
Hope this helpslbm 11/06/12 dept total 11499.470 -
Thanks for your comment. Just to confirm though, I’m asking that if I ask the bank for a CBR, will this have any adverse impact or not please? Thank youpogg000 said:I've had a credit card in positive for many years, I still get good offers.
Hope this helpsIf you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
No adverse impact. As you are not supposed to have a credit balance, this is the correct thing to do by requesting the refund.
The exception would be if your regular expenses would cover what the refund would be in that billing month, there's not much point in requesting the refund (if you plan to use that card anyway)1 -
There will be no adverse impact. Whilst it's against the T&Cs to deliberately put a card into credit, this doesn't apply if the credit balance is as the result of a refund.It depends largely on the sums involved and your regular spending pattern. If the credit balance is relatively small and you usually spend that sort of amount on the card every month anyway, then it's simplest just to leave it sitting there, and let it get used up by your routine spending. If it's a substantial amount, or if you don't use the card much, you can request it to be refunded if you want.Either way it'll make no difference to your credit history, if that's what you're worried about. It's just a case of taking the option which is least hassle for you
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