| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 |
11-24-2009, 01:24 PM
|
#1
|
|
I don't like cheese but I love milk!
Join Date: Nov 2002
Location: Van
Posts: 1,980
Thanked 895 Times in 243 Posts
Failed 105 Times in 49 Posts
|
Does a Credit Card Refund Count as a Payment?
Just wondering..
Here is a simplified scenario:
I purchased $2000 worth of stuffs from futureshop last month, and the purchase shows up on my cc statement.
Yesterday, I went in for a price match since the item I brought is now $100 less. Instead of refunding me a $100, they refunded me the entire $2000, and put another charge of $1900 on my cc.
So my online statement now shows:
Nov 1: $2000 Purchase
Nov 23: -$2000 (Refund)
Nov 23: $1900 Purchase
My CC statements ended Nov 15 shows a balance of $2000 due Dec 1.
So basically my question is: whether I need to make a payment this month? Coz if the refund is counted toward as a payment, then my Nov 15 statement would've been paid off with the full refund of the original purchase. (And the $1900 new charge wouldn't be payable until my NEXT cc statement)
Any idea?
(I know I can call my cc cs to ask, just don't want to wait 15 mins and spend another 15 mins explaining the situation to a dumb cs.)
|
|
|
|
11-24-2009, 01:36 PM
|
#2
|
|
I don't get it
Join Date: Feb 2009
Location: Richmond
Posts: 439
Thanked 37 Times in 22 Posts
Failed 28 Times in 9 Posts
|
I think you would still have to make the payment this month cause it's on this statement, if it were on the same statement then thats another story. Eitherway you gotta pay it next month, you'll just get a -$100 credit next month on your balance if you don't spend it on anything else lol
Much easier to just pay it since you gotta pay it next statement anyways. I'm pretty sure if you call they'd tell you to pay too cause otherwise you'd have interest collecting
|
|
|
|
|
11-24-2009, 01:38 PM
|
#3
|
|
MOD MOD MOD MOD MOD
Join Date: Dec 2003
Location: vancouver
Posts: 5,921
Thanked 3,541 Times in 1,174 Posts
Failed 212 Times in 81 Posts
|
the $100 would be in credit, you still have to pay it, but it will be in ur account for future use.
__________________
Quote:
|
[03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides
|
|
|
|
|
|
11-24-2009, 02:08 PM
|
#4
|
|
Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003
Location: Vancouver
Posts: 6,803
Thanked 91 Times in 38 Posts
Failed 17 Times in 6 Posts
|
I heard for CIBC, any credit to your account counts as a payment.
|
|
|
|
|
11-24-2009, 02:28 PM
|
#5
|
|
The RS Freebie guru
Join Date: Jul 2001
Location: East Vancouver
Posts: 22,032
Thanked 2,491 Times in 860 Posts
Failed 137 Times in 67 Posts
|
Hmm, interesting. Yeah, I would tend to believe that the -$2000 will be a debit to the amount you owe this month, and the new $1900 will need to be paid next month.
|
|
|
|
|
11-24-2009, 02:39 PM
|
#6
|
|
Ubereem Mod
Join Date: Mar 2002
Location: Richmond
Posts: 3,070
Thanked 120 Times in 63 Posts
Failed 24 Times in 10 Posts
|
You'll need to pay the 2000, the 1900 should be a credit to your CC for next month considering the period of your Credit Card ended on 15th. If it was in the same cycle date, i would assume you could call the CC company to find out exactly what you will owe.
That being said, call the CC.
__________________
Quote:
Originally Posted by Culture_Vulture
sometimes I like to use kindergarten art class scissors to cut my pubes
|
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -8. The time now is 11:19 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
