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About LinkBacksWhat 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?
Thread: rewards and purchase returns
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Centurion Member
- Join Date
- Jul 2011
- Location
- Newton, MA
- Posts
- 122
rewards and purchase returns
Cards
Visa: Citi Forward (5x pts on restaurants), Capital One Journey (1.25% cash back), BofA AAA (5% on gas)
Discover: Discover More (5% rotating categories)
Mastercard: Best Buy (4% at best buy), Chase Freedom (5% rotating categories)
American Express: Zync
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 542
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.
CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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Gold Member
- Join Date
- Sep 2011
- Location
- Lost in space
- Posts
- 47
They will get those rewards back too. Sooner or later.
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Centurion Member
- Join Date
- Jul 2011
- Location
- Newton, MA
- Posts
- 122
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?
Cards
Visa: Citi Forward (5x pts on restaurants), Capital One Journey (1.25% cash back), BofA AAA (5% on gas)
Discover: Discover More (5% rotating categories)
Mastercard: Best Buy (4% at best buy), Chase Freedom (5% rotating categories)
American Express: Zync
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 542
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.
CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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