After using a credit card to make a refund for online shopping, the money was refunded directly to the credit card. Can the money be withdrawn?
After using a credit card to make a refund for online shopping, the money was refunded directly to the credit card. With a credit card, this money can be withdrawn, and fees and interest will be charged as cash withdrawals.
1. The credit card cash withdrawal fee is charged at 1% of the cash withdrawal amount.
2. Interest is calculated from the recording date of the cash withdrawal transaction to the recording date of the repayment transaction. It is calculated as a daily interest rate of 0.05% and is compounded on a monthly basis.
Credit card payment:
For credit card payment, you will return the same way after the refund. The refund time is 3-7 days. Please pay attention within 1-7 days after choosing the refund. Refund information. For credit card payment, the refund will be returned via the original route. The refund time is 3-7 days. Please pay attention to the refund information within 1-7 days after choosing the refund. Generally, the refunded money can be spent by swiping the card. There is a cash withdrawal fee for withdrawing cash. Each withdrawal is charged at the amount of 1. Some banks do not need to pay for overpayments.
How can I get the money back to my credit card if I buy something with a credit card?
If a refund occurs when paying by credit card, the refund will be refunded to the credit card via the original method, but it will not be refunded immediately and will arrive within 3-15 working days.
1. The concept of credit card overpayment
Overpayment refers to the funds overpaid by credit card customers when repaying or the funds deposited in the credit card account. This amount can increase the credit card balance. available credit, or directly used for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft. No interest is accrued on overpayments.
2. Precautions for overpayment
1. Overpayments are credit card deposits, and banks do not charge interest, which is completely different from debit cards.
2． Credit card withdrawals are subject to fees as per regulations. The charging issue should be looked at from two aspects:
1) According to the regulations on the use of credit cards, ATM withdrawals basically charge a cash withdrawal fee. The usual standard is 0.5 of the cash withdrawal amount, with a minimum of 5 yuan; overseas The cash withdrawal fee is higher.
2) If you withdraw money from an ATM machine with "overpayment", you will still be charged a cash withdrawal fee according to the credit card cash withdrawal standards. In this case, it is recommended that the cardholder transfer the overpayment on the credit card to a debit card of the same name in any bank, and then withdraw cash from the debit card. This reduces handling fees.
3. Cash withdrawal method for overpayment
1. Cash withdrawal at the counter: Cardholders can bring their ID card and credit card to the bank business hall, submit a cash withdrawal application to the counter staff, and then Enter the withdrawal password as required to withdraw.
2. Withdraw cash from an ATM teller machine: Cardholders can bring their credit card to the ATM teller machine, insert the credit card card, enter the withdrawal password, and then follow the interface prompts to perform the withdrawal operation.
4. Will the overpayment be repaid automatically?
The overpayment will not be repaid automatically. However, when the cardholder uses the credit card to make a purchase, the overpayment will be deducted first. , use the credit only after the deduction is completed. Overpayment refers to the money that the cardholder pays back on the credit card or deposits in the credit card. The cardholder can choose to withdraw this money or keep it in the credit card account for consumption. It should be noted that overpayment is different from the money stored in a savings card. Interest is not calculated on it. The money stored in a savings card has interest.
There are several ways to refund to a credit card
After the credit card is paid off, the refund will still go back to the original account, that is, it will be refunded to the credit card. This situation is also called overflow. Payment means the excess deposit in the credit card. The cardholder can put the money in it and use it to offset it directly the next time he swipes the card. He can also go to an ATM to withdraw it, but a handling fee will be incurred.
Three ways to handle credit card overpayments
1. Consumption. If the amount is not large, you can wait until it is within the credit card limit and use it directly for consumption next time. The overpayment will be deducted first from your credit card.
2. Cash transfers and overpayments can be directly transferred to our bank's debit card at the counter or prescribed self-service equipment, and handling fees may be incurred.
3. Withdraw cash. Generally, cash withdrawals by credit card will incur handling fees and interest, except for overpayments. The excess money deposited by credit card can be withdrawn at the counter. Generally, it must be withdrawn the next day after depositing or by requesting in person. Bring your ID card to apply.
The above is an introduction to what to do when the credit card is paid off and the refund is received. I hope it can help you. After the credit limit in your credit card is paid off, if you apply for a refund but it has not arrived, you can contact the merchant to see if the refund can be refunded to the bank card in your name.
Overpayment is a Chinese vocabulary, the pinyin is yìjiǎokuǎn. Refers to the funds that credit card customers overpaid when repaying or the funds stored in the credit card account. A certain amount of fees must be paid to withdraw the overpayment. This amount can increase the available limit of your credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft. No interest is accrued on overpayment.
In fact, banks do not encourage cardholders to charge money to their credit cards because credit cards adopt a consumption-first-repayment model. Therefore, the bank stipulates that a certain handling fee will be charged for overpayment withdrawal. At the same time, the handling fees for cash withdrawals from credit card overpayments vary from bank to bank.
As for the handling fees for "overpayment" of cash withdrawals by credit card holders, the charging bank stated that although the credit card holders withdraw their own money, it takes up the bank's relevant resources. Because unlike ordinary debit cards, credit cards are cumbersome in terms of deposit and withdrawal account processing, and credit cards are used to encourage customers to spend, not for cardholders to use them as savings accounts, so the charges are reasonable. Moreover, "overpayment" does not bear interest. In other words, there is no benefit to "recharging" your credit card in advance and then spending it. If the cardholder wants to increase a certain credit limit, he or she can apply for a temporary limit from the bank's customer service center. There is no need to rely on "overpayment" to increase spending power.
The bank will not calculate interest on overpayment, which is a credit card deposit, which is completely different from that of a debit card.
Credit card withdrawals are subject to fees as per regulations. The charging issue should be looked at from two aspects:
1) According to the regulations on the use of credit cards, ATM withdrawals basically charge a cash withdrawal fee. The usual standard is 0.5 of the cash withdrawal amount, with a minimum of 5 yuan; overseas The cash withdrawal fee is higher.
2) If you withdraw money from an ATM machine with "overpayment", you will still be charged a cash withdrawal fee according to the credit card cash withdrawal standards. In this case, it is recommended that the cardholder transfer the overpayment on the credit card to a debit card of the same name in any bank, and then withdraw cash from the debit card. This reduces handling fees.
Where will the refund be refunded to the credit card after the credit card has been paid off?
After the credit card has been paid off, the refund will be refunded to the credit card. The credit time usually takes 1 to 3 working days, and it will vary from bank to bank. If the refund is received before the bill date, the consumption will be deducted and will not be included in the bill; if the refund is received after the bill date, it cannot be included in the current repayment, but will be treated as an overpayment on the credit card. credited to next period's bill.
Credit card refunds are generally initiated by the cardholder, and then the merchant initiates the refund. The bank will process the refund after receiving the information, and the subsequent refund will be sent to the card issuing bank, which will credit the card to the customer's credit card. If the refund is not credited for a long time after being initiated, you can consult credit card customer service.
Credit cards must be returned on time after daily use and cannot be overdue, because penalty interest will accrue after expiration, and the longer the time, the more the penalty interest will be. However, if you cannot repay on time, you can use installment repayment or the minimum repayment amount, so as to avoid overdue repayments on your credit card.
In order to avoid not being able to repay the credit card on time after using it, it is best for users to know what aspects of income will be used for repayment when using credit cards for consumption. If your income is relatively small, you should be careful when using credit cards. If you cannot repay on time, you can borrow money from friends around you and repay it.
Extended information:
You should also pay attention to the following 4 things when repaying the loan. Banks generally will not take the initiative to tell you!
The minimum repayment amount is not a good thing
For cardholders, the minimum repayment amount not only relieves the financial pressure, but also does not affect the credit report. But banks generally won't tell you that this is their favorite repayment method: current bills are not eligible for interest-free repayment, but overdraft interest will be calculated at 0.5%.
It is recommended to use it occasionally. If it is the lowest interest rate for a long time, the annual interest rate may reach 20 to 30.
Usually the day of repayment is used as the cut-off point. Before repayment, interest is calculated on a daily basis based on the entire amount owed. After repayment, interest is calculated on a daily basis based on the remaining amount of arrears. Add up. It is the total amount of interest payable.
If the amount of the previous period's bill includes interest, and the cardholder fails to repay the entire balance on the last payment date, the next period's bill will use the principal and interest of the previous period as the principal of the next period. Interest calculation.
In order to avoid similar situations in the future, it is recommended that partners try to repay the loan in full before the repayment date.
Be cautious about automatic repayment
Many people choose automatic repayment, but be sure to pay attention to the card issuer’s deduction time. If wages are not received in time, it is easy to exceed the deduction period and become overdue.
Therefore, it is recommended to ensure that there are sufficient funds in the savings card first.
Repaying on the repayment date may cause overdue payment
In order to maximize the interest-free period, some cardholders like to make repayments on the credit card repayment date, but this is Very dangerous.
For example, the credit card repayment date is the 10th of each month, and the cardholder makes the repayment on the 10th. If the bank deducts the payment at 16:00 on the repayment date, but you deposit the money at 17:00 Deposit cards bound to automatic repayment will result in unsuccessful bank deductions or even overdue payments.
If you repay on the last repayment date and your account is delayed, it is easy to become overdue. Therefore, it is recommended to repay a few days in advance.
Generally, banks will give a grace period of about 3 days. They are afraid of using unreliable methods to repay, or encountering software or system maintenance for repayment, etc. Once the repayment date is not paid, If you go in, return, and repay the loan again, it may become overdue. This is mainly for prevention.
No interest will be accrued on overpayment
If you overpay a credit card, the excess over the repayment amount is called "overpayment".
The excess payment can be directly used for consumption repayment. If there is an overpayment on the card, the overpayment will be deducted first and then the credit limit when making a purchase; if the overpayment is greater than the consumption amount, there will be no overdraft.
However, it is recommended to avoid "overpayment". After all, credit cards are different from debit cards. Even if there is excess money in the account, interest will not accrue. If you want to withdraw "overpayment" from your credit card, you may also incur certain fees (different banks have different policies).
The refund has been refunded to the credit card, but the payment has been completed, can the money be withdrawn?
The refund has been refunded to the credit card, the payment has been completed, the money can be withdrawn, but this amount The money is considered an overpayment, and you will need to pay a high fee for withdrawing it.
This amount can increase the available limit of your credit card or be used directly for consumption repayment.
If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.
For example, if you need to repay 900 yuan in this period, and the actual repayment is 1,000 yuan, the extra 100 yuan is the overpayment.
If you deposit money into a credit card in advance without consumption, the money cannot be withdrawn. If you want to withdraw it, you will be charged a high fee, so you should try to avoid it.
Interest is not accrued on overpayments.
The transaction date refers to the date when the cardholder actually uses the card for transaction.
The accounting date, also known as the entry date, refers to the date when the card-issuing bank records the transaction amount into the cardholder's credit card account after the cardholder makes a transaction, or the card-issuing bank records the relevant fees into its credit card account according to relevant agreements. The date of the credit card account.
The billing date refers to the date when the card-issuing bank regularly summarizes the various transactions and expenses incurred in the cardholder's credit card account every month, calculates the interest, and calculates the cardholder's repayment for the current period. .
The repayment date refers to the date when the cardholder actually repays the credit card account to the bank.
The interest-free repayment period refers to the interest-free repayment period for non-cash transactions, from the bank accounting date to the due repayment date. The interest-free repayment period is as short as 20 days and as long as 56 days. During this period, as long as you repay the current balance due on the current statement in full, you will not have to pay any interest on the funds advanced by the bank to the store for non-cash transactions (cash advances do not enjoy the interest-free discount).
This is the end of the introduction about how long it takes to refund money to a credit card and how long it takes to refund money to a credit card. Did you find the information you need?