Credit cards and refunds...?

Question

I bought an expensive item a month ago from Amazon.com and am disatisfied with it, so I'll be returning it sometime tomorrow. I opened up an Amazon.com credit card so that I could get 30.00 off the item and recently paid 10.00 for the first monthly charge.

When my refund comes for the full amount, will I get a 10.00 credit on my card? If so, would I be able to purchase something from another site and use that credit to pay for it? I'm just not sure how that whole thing works. Any help would be great. Thanks!

Answer 1

Yes. You've got it right.