Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
How it works with credit card refunds is that as long as they were processed and reflected on your account before your statement closing date, then they will not affect the balance of your card.
Say you made a $500 purchase and then returned it a week later. Aside from that you had $1,000 in purchases. As long as that $500 refund is processed before the statement closes (usually is reflected 2-3 days after the return) then the balance on your statement will only be the $1,000 and that is what will get reported to the credit bureaus.
Hope this helps.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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