My account was credited with a return? I'm kind of new to credit cards. I returned something and my account was credited back with about $100, so do I still have to make my payment for that month?
2007-09-21 10:23:00 · 18 answers · asked by apocalypso 4 in Business & Finance ➔ Personal Finance
how about you just look at your statement under "Amount Due"
2007-09-21 10:27:13 · answer #1 · answered by exqueezme 2 · 1⤊ 1⤋
Well if your total purchase was $100, then you took this item/s back and got it credited to the card, then you do not owe for that particular purchase anymore.
If this is a new card and it is your first transaction ever then no. The balance zero's out again. But, if you have been making other purchases and on your bill it has an amount due, yes still make payments every month til the balnce goes down or totally paid off.
This is how you build your credit. The more it shows you pay or pay more than the amount shown on every bill and on time every month.
2007-09-21 10:35:18 · answer #2 · answered by Kelly M 3 · 2⤊ 0⤋
A return and a credit to your balance does not count as a payment on your account. If you have a balance due on the account then yes you must make your payment or you will end up with a late pay on your credit. The only time you don't have to pay is when your balance is zero.
2007-09-21 10:41:25 · answer #3 · answered by Weimaraner Mom 7 · 3⤊ 0⤋
If you have a balance on the credit card, yes you do have to make at least the minimum payment.
If you are new to credit cards, you should learn to only charge what you can afford to pay off in full at the end of the month. That way you save on interest and stay out of debt.
2007-09-21 10:30:55 · answer #4 · answered by bdancer222 7 · 1⤊ 1⤋
If the credit was for the same amount as the charge then you don't need to make a payment. The credit card company looks at the charges and payments/credits at the end of the statement period, balances them out and bills you ; they don't care where the payment/credit came from.
2007-09-21 10:34:58 · answer #5 · answered by Osman 1 · 0⤊ 2⤋
Call the number on the back of your card and ask them. But I think you still have to make a payment.
2007-09-21 10:30:35 · answer #6 · answered by Nicole G 1 · 0⤊ 0⤋
it depends on if the place you purchased the return put it back on your card as a payment or a credit. Example. Walmart they put a return on my card as a payment not a return.
2007-09-21 10:31:30 · answer #7 · answered by KayKay 3 · 1⤊ 1⤋
It depends.If there's a credit balance and you don't have any other balance no. Other than that, you need to make the payment still.
2007-09-21 10:30:55 · answer #8 · answered by bloodymary24 4 · 2⤊ 1⤋
most likely yes...as long as you have a balance on that card, they will want payment. I have a card, and refunds usually don't count towards payment.
2007-09-21 10:28:13 · answer #9 · answered by angry_elfboy 3 · 2⤊ 0⤋
It depends on when the return hit your account. If it was after the billing cycle then yes, you need to pay (I'm assuming you are trying to avoid interest!). If the return occured within the same billing cycle, there is no need to pay (assuming there are no other puchases)
2007-09-21 10:29:39 · answer #10 · answered by Bill S 3 · 0⤊ 1⤋
Yes, they will still expect at least the minimum payment.
2007-09-21 10:29:57 · answer #11 · answered by Anonymous · 0⤊ 0⤋