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Payment order on returned goods

p1an0player
Posts: 1,196 Forumite
in Credit cards
Let's say I've got a balance on a credit card of:
£500 at 0%, and
£100 (relating to purchases) at 16.9%
For most credit cards when I make payments, it will pay off the 0% chunk first. What happens though if I return one of the items I bought as part of the £100? The shop will insist on refunding to the credit card, but will the credit card treat it as credit to the account to pay off the 0% chunk or the 16.9% chunk?
Thanks
The card I have in mind is a Skycard but this is a more general question as well.
£500 at 0%, and
£100 (relating to purchases) at 16.9%
For most credit cards when I make payments, it will pay off the 0% chunk first. What happens though if I return one of the items I bought as part of the £100? The shop will insist on refunding to the credit card, but will the credit card treat it as credit to the account to pay off the 0% chunk or the 16.9% chunk?
Thanks
The card I have in mind is a Skycard but this is a more general question as well.
0
Comments
-
I think all refunds and credits will go towards the cheapest (for them) and most expensive to you.
I don't think any card will appropriate funds in the way you want.0
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