The card-issuing bank will regularly summarize and settle all transactions and fees that occurred in your credit card account every month, calculate interest, calculate your total arrears and minimum repayment amount for the current period, and We will send you a statement, so how will it be calculated if there is a refund on the bill in the future? How to deal with it?

How will it be calculated if there is a refund on the credit card bill in the future?

1. If the payment is made before the billing date, Refunds arrive after the billing date: The refund amount has been settled and included in the repayable bill, because the billing date is the date when the amount owed is calculated before settlement. Therefore, the refund amount can only be deposited into the account so that it can be offset against the amount due in the next repayment cycle.

2 If the payment is made after the billing date, the refund will be credited to the account after the billing date: If the amount paid after the billing date is refunded after the billing date, it means that the account occurred in the second period. After the billing date, it is equal to the second installment; then this refund can be directly returned to the limit and can be used for consumer spending.

Follow the following process:

1 Confirm the refund amount

First, confirm the refund amount and the reason for the refund. If it is because the merchant returned it For product payment, you can check the refund voucher or contact the merchant to find out.

2 Check the bill

After confirming the refund amount, you need to check the credit card bill to ensure that the refund has been received and whether the refund amount is correct.

3 Processing refunds

According to different situations, different processing methods can be adopted. If the refund amount is equal to the repayment amount, you can choose to apply the refund amount to the next month's credit card repayment.

If the refund amount is greater than the repayment amount, the refund amount will be automatically transferred to the available limit of your credit card, and you can choose to use the available limit for consumption or cash withdrawal. If the refund amount is less than the repayment amount, you need to make up the difference before the repayment deadline.