Generally, the processing methods are different according to the time when the refund arrives.
1. If the credit card bill is refunded a few days ago and you haven't returned the credit card yourself, the refund amount will be deducted directly from the credit card debt. If you want to withdraw cash, because you withdraw cash within the credit card limit, you will be charged a handling fee of 65438+ 0% of the withdrawal amount, and interest will be calculated on a daily basis.
2. If the credit card pays back the money in a single day, because the current arrears cannot be deducted, the cardholder must repay it with his own money, so the refunded money can easily become overpayment. Cardholders can withdraw cash directly, although it will not generate interest, but it is also possible to charge a handling fee. It is not cost-effective to charge according to the bank's overpayment and withdrawal standard.
Further reading
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.
Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate). [5]
On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.
Where will the money be refunded when I buy something with my credit card?
Generally speaking, if you pay by credit card when shopping online, the refund after returning the goods is classified according to the attributes of the bank card you used when paying.
Pay by credit card and return it in the same way after refund. The refund time is 3-7 days. Please pay attention to the refund information within 1-7 days after selecting the refund. If you still have questions, you can call the credit card issuer to ask.
If a credit card refund is recorded before the billing date, the refund can be regarded as repayment. If the credit card refund is recorded after the bill date, the refund will be recorded in the next bill, but it cannot be deducted from the current debt.