If the cardholder's credit card refund occurs in the same billing cycle, the refund amount will have been deducted from the bill for that period, and the cardholder only needs to repay according to the amount shown on the bill.

If the cardholder's refund occurs after the billing date of the current period, the distinction needs to be based on the actual situation. Cardholders can check the remaining balance of the current period's bill.

The time it takes for a credit card to receive a refund

Since the return transaction involves merchants, banks and credit card organizations, there are many processing links, and the processing speed of each link will have an impact on the arrival time. The money will be credited to your credit card account within 1-2 working days after the merchant processes it. If the cardholder does not receive it in time, the cardholder must first verify with the merchant whether a refund has been processed.

Extended information:

Relevant provisions of China Construction Bank Credit Card Articles

The cardholder repays the entire repayment amount before the due repayment date (inclusive) , the consumption transactions incurred in the current period on the current statement enjoy interest-free treatment. The interest-free repayment period will be notified separately by the Bank.

If the cardholder fails to repay the entire amount due before the due repayment date (inclusive), he can repay any amount not less than the minimum repayment amount, but the amount due is being repaid. Consumer transaction payments no longer enjoy interest-free repayment treatment. Cardholders do not enjoy interest-free repayment for cash advance transactions.

For cardholders’ transactions that do not meet the interest-free conditions, the Bank will calculate interest starting from the bank accounting date. The upper limit of the daily interest rate is 5/10,000 and the lower limit is 0.7 times of 5/10,000. And earn compound interest on a monthly basis. Unless otherwise specified, the daily interest rate standard defaults to 0.5%. If the relevant regulations of the People's Bank of China change, the regulations will be followed.

China Construction Bank - When will credit card refunds be received

China Construction Bank - Can the credit card refund amount be deducted from the repayment