Card refund question

[Nickyboy]

This may sound like a daft question but here goes.

I'm returning some items to a large furniture place tomorrow, amount is just over £700, the balance currently on my credit card having paid a load of recently is only around £500 so there will be a difference of around £200, what happens in this case? I don't really wont to buy a load of stuff for the sake of it.

It's possible i can get a gift card for the difference from the retailer but won't know until tomorrow

[Trevor555]

Don't be tempted to withdraw the £200 cash with your credit card.

Someone once told me it looks bad on your credit rating.

Always wondered if it was actually true.

Anyone?

[Doofus]

The shop will put the £700 back on your card, and you'll have a credit balance on the card of £200. Spend it on what you want, when you want.

[Nickbrapp]

Yes you will just have a positive balance on your credit card to then spend as usual, or some providers if you ring will refund that back to your bank account

[Nickyboy]

Great thanks, she's already found something "we need"

Edited by Nickyboy on Sunday 20th October 22:26

[Jockman]

Apologies if I'm reading you incorrectly but.....

If the £500 debt has been crystallised onto a statement and, say, they are due to take it by DD they will STILL take the £500 regardless of the £700 credit about to be applied.

If the credit comes in before the statement date it can be utilised.