Refund to a credit card

[Sycamore]

If I made an online purchase using my credit card, and the company turn out to be useless and I therefore cancel my order and process for a refund - Does the money get refunded to the card similarly to how it would do if they were just sending it to a bank account?

I'm not holding hope that it is refunded quickly, so if CC is down to -£500, I pay off the bill as I normally would to take it to £0, and they eventually refund the money, does my account go to £500 in 'credit' essentially?

I always think of a CC as owing money, so not sure if you can have a positive balance in there

Cheers

[randlemarcus]

Yes, of course you can go into credit with them. Don't expect a 29% return though

[Sycamore]

randlemarcus said:

Yes, of course you can go into credit with them. Don't expect a 29% return though

That might've been my next question - I'd have felt like I'd found a hack to the system

Thanks

[Somebody]

Can also happen if you bought in foreign currency and get refunded at a more favourable exchange rate.

[Shnozz]

Yes, had it before when I bought some alloy wheels from a company who turned out to be a con.

Had a chunky card balance for some months using solely the CC for every purchase.

[lufbramatt]

Had similar happen. Phoned bank and they moved the balance back to my current account. Worth sorting as probably against the t+cs of the card and they could put a block on the card.