It represents "money you haven't spent yet". If your next purchase on that card is $60, and the credit is $20, your next billing will be for $40.
Many credit card companies have in their terms that they have the right to take 3 to 4 weeks to credit your account with a refunded amount. So the merchant may have processed the refund but your credit card company will take 3 - 4 weeks to accept it. This is so they can hit you with balance charges.
Yes, if they obtain a judgment and file for a garnishment of your state tax refund.
It is very common for a credit/refund to take up to 6 or 8 weeks to be processed. It always takes longer to get a refund than it does for them to take the money. Where i used to prefer virtual credit cards for online transaction.
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
You have 60 days to file a dispute with the credit card company. Call the company who owes you money and tell them they have 48 hours to refund your money or you will do a "chargeback." Companies hate that word because it is like a bounced check, they get charged a $25 fee (varies from state to state). If they do not refund your money, call your credit card company and tell them you want to dispute a charge on your credit account.
Debit
The credit card is supposed to be presented and processed. But it is possible for some systems to correctly process the refund if it is not. Unfortunately I would be very suspicious that the refund was not applied if the compan7y did not process the credit card.
if you pay by card you will get a refund by card
No.
It is dependent on the store that you purphased the item from. Some will allow you, others will not. Typically, they ask you for the credit card you used when you bought the item and refund the money back onto the card.
3 days
Yes - the refund is an asset - which the card company can use to offset your debt !
On the back of your ATM card.
Cause you didn't pay with cash in the first place? Otherwise why are you using a credit card?
Yes, you most certainly can. A card may be cancelled between the time of purchase and refund, and it is illegal for a vendor to refuse on this basis.
The balance on your Macey's card statement will read a credit (negative number) until further charges bring it back to a positive number. If the amount is substantial you may be able to ask for a refund.
Many credit card companies have in their terms that they have the right to take 3 to 4 weeks to credit your account with a refunded amount. So the merchant may have processed the refund but your credit card company will take 3 - 4 weeks to accept it. This is so they can hit you with balance charges.