Credit card refund

[prospectheightsresident]

Ultimately a moot point if the OP doesn't have a Chase account.

[NewbieHere]

Where did OP said he doesnt have a Chase account? He said he has zero balance. Anyway, I closed one of the account at Citibank, a charge from one of the AirBnB was refunded,Amsterdam I believe, I told them to reactivate the credit card, and I was able to transfer that credit to Costco Citibank card.

[NDak15]

Thanks everyone!

[loves2read]

Originally Posted by NDak15

Sorry if this seems like a stupid question, but I've never been in this position. I had a vacation booked with a tour company for 2020. The tour didn't run for obvious reasons and I was given the opportunity (and took it) to postpone to 2021. I have been debating canceling the trip and getting a refund as I worry about the company going under with continued travel restrictions. I don't currently have a balance on the credit card I used as I paid it off before all of the COVID issues got severe thinking I was going to go on the trip. I currently have a zero balance on my credit card. If I get a refund for the trip where would that money go? How does that work for a zero balance? Sorry if this seems like a stupid question but I've never been in this position before.

IF you can get the refund, a credit could be issued to the card that you just draw against
Or I guess you might be offered a check from the travel company

[TimAZ]

Originally Posted by loves2read

IF you can get the refund, a credit could be issued to the card that you just draw against
Or I guess you might be offered a check from the travel company

The credit card bank will show a positive balance on the card statement. If you don’t purchase anything to use up the excess, then typically the bank will mail a check to you after 30 or 60 days to close out the overage. Beware that some CC banks are actually charging a cash-advance fee to settle the balance and return your money.

[NORTY FLATZ]

Originally Posted by NewbieHere

Interesting, I just closed 2 Chase credit cards which have been inactive for more than 90 days.

You might take a ding on your credit score by closing credit card accounts.

Closing those accounts, changes you "debt to credit" ratio.


So, in the future, you might want to think twice before you close credit card accts!

[NewbieHere]

Originally Posted by NORTY FLATZ

You might take a ding on your credit score by closing credit card accounts.

Closing those accounts, changes you "debt to credit" ratio.


So, in the future, you might want to think twice before you close credit card accts!

I know that, I’ve closed tons of credit cards before and repeatedly since I retired 5 years ago. Also, I’m just done with refinancing too, I’m not worrying about my credit score. My state prohibits using credit score for insurance purpose. Thanks for the heads up though.

[RationalExpectations]

Originally Posted by prospectheightsresident

Ultimately a moot point if the OP doesn't have a Chase account.

I think you mean "a moo point."


https://www.youtube.com/watch?v=8bo5...=youtu.be&t=28