![]() ![]() What If My Account Has a Zero Balance When I Make a Credit Card Return? You can’t skip making a minimum payment if there is any amount due to the card issuer, even if you expect to get a refund. Regardless of the timing of the purchase and the return, if you fail to make at least the minimum payment on your account prior to the due date then you could be penalized by your credit card company in the form of a late fee. If you were to return a purchase near or after the end of your billing cycle, the refund for the transaction might not show on your account before your next credit card payment is due. Generally, when a refund is processed for a returned item within the same credit card billing cycle, you won’t be held responsible to make a payment on that specific charge. It generally takes several business days, and maybe up to a week, before a refunded purchase will appear on your credit card ledger and affect your card balance. How Long Does a Credit Card Refund Take?Ī refund for a returned item will not usually post to your credit card account instantly. Keep reading to learn more about the credit card refund process. ![]() Cash back or points earned on the purchase are reversed.A credit for the refunded purchase will appear in your credit card transactions, usually up to one week later.The retailer issues a refund to your credit card account.Here’s the quick version of what happens with your credit card when you make a return: Are you suffering from buyer’s remorse because of some recent purchases you’ve made? Do you want to know how to cure it? Drive back to the mall and return some things.Īs long as you’ve complied with the retailer’s return policy, when you return the item the retailer will generally issue a refund equal to the cost of the original purchase, whether you paid with cash or credit. ![]()
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