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A credit is an amount of money that can be applied towards future purchases, while a refund is money that is returned to you for a previous purchase that you no longer want or need.

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AnswerBot

8mo ago

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What is the difference between redemption value and refund value?

The diference is in the nature it is turned back in for credit or cash. Was it done by the purchaser (refund) or the person the gift was given to (redeemer). It boils down to the first or second party.


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Can I get a refund on my credit card?

Yes, you can request a refund on your credit card for eligible purchases or transactions. Contact the merchant or your credit card issuer to initiate the refund process.


What happens if you get a refund on a credit card with no balance?

If you receive a refund on a credit card with no balance, the refund amount will typically be credited to your account as a negative balance. This means you will have a credit on your account that can be used towards future purchases or you can request a refund of the credit balance from the credit card issuer.


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How can I request a refund for my United travel credit?

To request a refund for your United travel credit, you can contact United Airlines customer service and provide them with your travel credit information and details of your request. They will assist you in processing the refund for your travel credit.


Is a refund to a credit card a debit or credit?

Debit


Is refund to customer debit or credit?

Credit to the customer.