Small silly question about a credit card.
Small silly question about a credit card.
Author
Discussion

Orchid1

Original Poster:

906 posts

138 months

Sunday 19th June 2016
quotequote all
I've just cancelled my car insurance mid term and as such there is a return premium being paid back to me.

The credit card I normally use to pay my car insurance annually doesn't have any outstanding balance on it so when they refund the return premium will it just show as a credit on my statement and if so can I just ask them to transfer it to my bank account?

NDA

25,693 posts

255 months

Sunday 19th June 2016
quotequote all
You should show a refund on your credit card - which normally you'd take as a credit against other items debited on the card.

Not sure about transferring to your bank account.

Orchid1

Original Poster:

906 posts

138 months

Sunday 19th June 2016
quotequote all
It's an old credit card that I use once in a blue moon.

MrBarry123

6,108 posts

151 months

Sunday 19th June 2016
quotequote all
I'm 95% sure the answers are...

Yes and, if you are able to from your credit card, yes.

Beetnik

577 posts

214 months

Sunday 19th June 2016
quotequote all
1. Yes.
2. Yes - but check it doesn't count as a cash advance/transfer and, therefore, subject to an interest/arrangement charge.
3. If a charge applies use it to fuel up etc until the balance is gone.