if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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it is a slight off topic, however, still on the credit cards.
So that I bought a gift card, I subsequently went to spent it, however, some balance has let over. Then I have learned that this balance...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Purchases show up quickly, but it can take a couple weeks for a refund to show up. If you have a payment due before that refund shows up you're going to have a problem.
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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That's what Discover said when I called them, common sense I thought.....then I got a notice saying that my payment was late, long story short, they want to see a payment every month, should be...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Just updating because I am in this situation now.
Just got my AE statement which was from 4/2. Statement balance is something like $65 but I login and it says in numerous places "no payment...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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i don't have a BofA credit card, but for all of the cards i have, if i have credits that cover all of the balance due on my most recent statement, they all show no payment due and certainly have...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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When I explained/asked over the phone, how could I have an old credit that covered the minimum (and the total) 2 CC's told me that they understood and that I didn't need to pay......afterwards, I got...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Are you never going to use that credit card again? Pay the bill, receive a statement credit, use the credit card again to receive the credit. This isnt science rocket.
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Well then I have absolutely no idea. You didn't have any charges during the next month either right?
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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And this is exactly how it would work the following month, lets say you bought a $75 gift card to Amazon, your -$50 would show as a negative number and would be subtracted from the $75 charge leaving...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Feb 25th you purchase item
Feb 26th your statement closes with $50 pay in full balance
Feb 28th you return item
March 1st your refund posts and -$50 posts zeroing out your balance (assuming no...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Then no, my situation is different from your example. You started with $500.
I started with zero balance. Then I bought an item for $50, and returned it a few days later.
I always pay off my...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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I'm not asking you to make it simple. If you had carried any balance through the month then you would have still owed a payment for the interest accrued.
Look at it like this. I have $500 on a...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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to make it simple
statement balance was $50. I only bought one thing that month.
a few days after the statement came out, (beginning of the new statement cycle) i got a refund, and credit for $50....
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Whatever the question is, here is the secret code:
If it benefits the bank, they WILL DO IT.
For example:
Let say you run a TIGHT checking account, keeping only the money you are going to...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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But I have -$330 on my credit card balance and the return was made last month which should bring the balance to from +330 to 0; not -330 as if the bank owes me. I still owe the bank nothing. I’m...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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It's not clear from your post but was your balance $0 going in to the month? If you carried any balance over then you still would have been expected to make a payment in that amount.
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Typically no.
Credits are posted as immediate payments on the open statement. so let's say you have an open statement with $2000 bill. You then, in the current statement period, go buy a TV for...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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If you want to be nice, you can contact your credit card company and they should be able to clear up the mistake. I've heard of this happening before and it can take up to three months for them to...
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Yes, returned credit twice. Sorry for my so-so English grammar.
How long shall I left it alone? I thought I should do something about it, no?
if you make a $100 purchase on credit card, and later get a $100 refund, do you still need to pay the credit card bill?
Thread created 03-25-2020 by link626
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Not entirely sure what you mean. You got credited for the return twice, so now you have a credit? If that's the case, they'll probably figure it out eventually but it may take a few months. Or maybe...
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