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  • FIRST POST
    • only_me_123
    • By only_me_123 12th Dec 19, 8:42 PM
    • 5Posts
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    only_me_123
    Refund that makes my credit card go into credit?
    • #1
    • 12th Dec 19, 8:42 PM
    Refund that makes my credit card go into credit? 12th Dec 19 at 8:42 PM
    Hi there,

    I am expecting a refund on my credit card. I have just paid it off in full, so I'm wondering what would happen when the refund comes back. Will it get "bounced"?

    Thanks
Page 1
    • Ben8282
    • By Ben8282 12th Dec 19, 8:49 PM
    • 4,763 Posts
    • 2,633 Thanks
    Ben8282
    • #2
    • 12th Dec 19, 8:49 PM
    • #2
    • 12th Dec 19, 8:49 PM
    No it will be applied to the credit card account and be deducted from the current debit balance of the credit card account. If the refund exceeds the current balance of the credit card account the account will have a credit balance in which case you can just spend the amount of the refund (recommended if the amount is relatively small) or else ask the credit card company to repay it to your bank account.
    Last edited by Ben8282; 12-12-2019 at 8:52 PM.
    • Finchy2018
    • By Finchy2018 13th Dec 19, 10:35 AM
    • 447 Posts
    • 474 Thanks
    Finchy2018
    • #3
    • 13th Dec 19, 10:35 AM
    • #3
    • 13th Dec 19, 10:35 AM
    I had this a couple of weeks ago - I called them when it was in the positive balance ( I had an additional 800 so didn't want to spend it ) and they transferred it to my bank account the next day.
    • foxy-stoat
    • By foxy-stoat 13th Dec 19, 4:20 PM
    • 5,712 Posts
    • 3,540 Thanks
    foxy-stoat
    • #4
    • 13th Dec 19, 4:20 PM
    • #4
    • 13th Dec 19, 4:20 PM
    Shame you cant charge the same interest for the positive balance the same rate they charge you to borrow it....maybe leave the money in there for a month to see if the system glitches and pays interest rather than charges it....if it does I may buy a 110inch TV and settle it the next day then return the TV
    • Ben8282
    • By Ben8282 13th Dec 19, 4:21 PM
    • 4,763 Posts
    • 2,633 Thanks
    Ben8282
    • #5
    • 13th Dec 19, 4:21 PM
    • #5
    • 13th Dec 19, 4:21 PM
    Shame you cant charge the same interest for the positive balance the same rate they charge you to borrow it....maybe leave the money in there for a month to see if the system glitches and pays interest rather than charges it....if it does I may buy a 110inch TV and settle it the next day then return the TV
    Originally posted by foxy-stoat
    That would be nice
    Last edited by Ben8282; 15-12-2019 at 4:25 AM.
    • Finchy2018
    • By Finchy2018 14th Dec 19, 1:23 PM
    • 447 Posts
    • 474 Thanks
    Finchy2018
    • #6
    • 14th Dec 19, 1:23 PM
    • #6
    • 14th Dec 19, 1:23 PM
    I haven't just repaid a vanquis card?
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