Statement vs Due Date Balance

daveyjp

https://forums.moneysavingexpert.com/discussion/comment/82056204#Comment_82056204

That's how it can work if the refund is after the day the statement is produced. Say statement date is 10th.

I buy on 8th, the amount is debited on 9th, statement is produced on 10th (payment due 21 days later), a refund is then given and is credited 2 days later on 11th. The refund will either be classed as a payment against the statement balance due in 19 days, or it will be a credit for the next statement date and the full amount fo the statement still has to be paid.

I've had both scenarios. However having a direct debit to pay the full amount means it makes no difference. The amount due will be paid and no interest will be charged. If the refund isn't a payment you may end up with a positive balance on your credit card which can be refunded or as I did spent.

Nasqueron

https://forums.moneysavingexpert.com/discussion/comment/82056220#Comment_82056220

It depends how close to the due date and how quickly they can change the DD. When I do a BT from my Lloyds one it's normally just after the statement, the next month DD reflects the part payment. I once did a BT off Halifax too close to the DD and they took the whole payment as well

mta999

https://forums.moneysavingexpert.com/discussion/comment/82056204#Comment_82056204

that is exactly how it works in rg barclaycard, tesco and others

See their t and c

"Any refunds you receive on your account won’t count
towards your minimum payment amount. You must still
pay the full minimum payment unless the refund reduces
your balance to an amount which is less than your
minimum payment, in which case you’ll only have to
pay the remaining balance. "

eschaton

I’d expect the £400 to be fine as long as the refund has cleared in the account BEFORE the payment date. If the refund arrived after payment date then I’d expect interest to be charged.

surreysaver

Why doesn't the OP just tell us what credit card they have, then someone here will know the answer.

Drip feeding information will just give them mixed responses

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/6674830/statement-vs-due-date-balance

How banks treat refunds varies, so there isnt a universal answer

Have you gone through their app/website and looked at the options under the make a payment? I remember one issuer did at least used to have an option for statement balance and it did change if a refund had occurred.

With AmEx if the refund come in early enough they do reduce the DD they are taking

la531983

https://forums.moneysavingexpert.com/discussion/comment/82056602#Comment_82056602

Well thats ridiculous. Lets say I never used the card ever again after the statement said £2k on it, would I still be expected to overpay it to the tune of £1900?

daveyjp

https://forums.moneysavingexpert.com/discussion/comment/82056908#Comment_82056908

You pay what you are contractually obliged to. If that puts the card in a positive balance and you won't ever be using the card again you request a refund.

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/comment/82056937#Comment_82056937

You're contractually obliged to pay the minimum payment, the OP wants to go beyond their minimum obligations.

garybaldy

https://forums.moneysavingexpert.com/discussion/comment/82056941#Comment_82056941

That's correct. I wanted to clear the full amount owed at the due date (including refunds). Obviously there could be purchases and refunds on the card between the statement date and the payment due date.

However, as I understand it, refunds before the due date reduce the total amount owed, but purchases after the statement date (and before the due date) will fall under the following month's statement period.