Thursday, December 15, 2011

How do refunds work on a credit card?

I'm new to having a credit card so please bare with me ...


Today I made a 5$ purchase and long story short I needed a different item so they refunded the 5$ back onto my credit card and charged me 10$ for the item I needed. Could someone explain how this will work on my credit card statement I don't want to have to end up paying 15$. Thanks!|||You will have three transactions showing on your statement. A $5 charge, a $5 credit, and a $10 charge.|||You won't be charged $15, given if the merchant processed the transactions correctly. You will only be charged the full $10 in the end.|||You won't have to pay $15





The $5 credit will show up on your next statement. It takes a couple of days to process.

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