How to handle a refund for a credit card that has already been billed

If there is a refund after the credit card has paid off the bill, the refund amount will be included in the next bill.

Take China Merchants Bank Credit Card as an example:

The time for refunds to be credited depends on the merchant's return operation method. If the merchant uses online returns, it usually takes 2-3 days to be credited. Offline (or manual) returns may take 2-3 weeks.

If the transaction date of the refund is later than the current bill date, the refund will not be regarded as a repayment of the current bill, and the refund amount will be included in the next bill.

The refund details are the amount expressed as a negative number, and the refund bank does not charge a handling fee.

Extended information

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use a credit card, they still have to bear the annual fee and other items. People who hold credit cards should give up using their credit cards and go through the card refund procedures in a timely manner. Otherwise, various credit card fees and subsequent interest, late payment fees, etc. will lead to personal economic losses and reduced credit, affecting mortgages, car loans, etc.

The consequences of an overdue credit card are as follows:

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.