2006-08-15 12:29:02 · 5 answers · asked by C C 1 in Business & Finance ➔ Credit
you will pay interest for the length of time you used the card issuers money based on your average daily balance
2006-08-15 12:33:36 · answer #1 · answered by Norman 7 · 1⤊ 0⤋
You 'borrowed' funds from the credit card company from the time of the purchase to the time of the return. The purchase amount would be used to calculate the average daily balance. Your interest is computed on that amount.
2006-08-15 20:19:13 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Previous two answers are generally correct for most large credit card companies. But there is no law specifically on this, and your credit card terms and conditions may be very different. Unfortunately reading the T&C is not very fun.
I hope this helps you.
Leafgreen
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2006-08-16 01:04:23 · answer #3 · answered by PaymentKey.com 3 · 0⤊ 0⤋
no, ask them to credit the interest charged to you on this purchase.
2006-08-16 17:08:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, ask them to return it if you have paid already. They will.
2006-08-17 08:48:06 · answer #5 · answered by answ er 1 · 0⤊ 0⤋