rewards and purchase returns

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bisbicos
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Location: Newton, MA

rewards and purchase returns

Postby bisbicos » Wed Jan 04, 2012 2:01 pm

What happens to a credit card account when your balance is zero and you return a previously purchased item. Or the account is at zzero and gas rebates are credited to your account?
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink


jeffysdad
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Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Wed Jan 04, 2012 3:14 pm

Unless the amount is very small or there is an established history of monthly charges on the account, I would expect the card issuer to cut you a check fairly quickly. It has been my experience that they don't like to have an account with a positive balance.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

requiredfield
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Location: Lost in space

Postby requiredfield » Wed Jan 04, 2012 3:38 pm

They will get those rewards back too. Sooner or later.

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bisbicos
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Location: Newton, MA

Postby bisbicos » Wed Jan 04, 2012 3:59 pm

so lets say the balance on the account is $0 and I return a previously purchased item for $40. Instead of the account being credited the 40, they will mail me a check?
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

jeffysdad
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Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Wed Jan 04, 2012 4:22 pm

That's what I would expect, unless they believe that more charges to your account are imminent, in which case sending a check would be a waste of time, money and effort. If I were you, I would just call them and ask them what their policy on this is.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.



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