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Credit Card Returns


Question Posted Saturday July 30 2011, 9:56 pm

Will a returned item show up on my credit card statement?

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adviceman49 answered Sunday July 31 2011, 10:22 am:
Yes all transactions against your credit card will show on your statement. Purchases show as debits and returns show as credits.


Some stores do not process credits as fast as they do purchases so it is possible that if you return something late in your statement cycle it will not show on your statement for that month but will appear on your next statement.


If you have used your banks debit card and were to look at your banking account online. The transaction for the credit would show as in process. In process items do not appear on your banking statement until the merchant actually processes the transaction through their account.


I hope this helps.

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LM answered Saturday July 30 2011, 11:16 pm:
It depends on the credit card company. My credit and debit cards use this method:
1. The original purchase amount shows up as a debit (as if you had made the purchase and left it at that)
2. The return shows up on your statement as a negative charge (or a positive deposit, depends on the company)
3. The two should cancel out


I've never heard of a charge not showing up AT ALL, even if it was returned. All transactions are recorded. (Depending on when your billing cycle ends and when the return was processed, the refund may show up on the next statement)
If you have questions when you get your statement, customer service should be happy to assist you further.


-LM
[19/f]

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