In the event that an item purchased with a credit card is returned, the retailer will issue a refund to your credit card account instead of issuing funds directly to you.
Remember, the merchant is actually paid by the credit card issuer during a credit card transaction and not by the consumer.
Can you buy something with a credit card and return it for cash?
No, it’s not possible to make a purchase with a credit card and then return what you bought for a cash refund. It’s Complicated: As mentioned above, your credit card company basically pays for the purchases that you make with plastic, reducing your available credit in the process, and you pay it back at a later date.
What happens if I get a refund on a credit card?
When a refund is issued to a credit card with zero pending payment there will be a negative balance on the credit card, which essentially means the credit card company owes you money. This balance will be set off against your credit card liability in a subsequent period.
How long does it take for a refund to appear on credit card?
Can I return something without my credit card?
No, but a photo ID is required for all returns that lack proof of purchase. Yes. If you don’t have a receipt you will need to bring the credit card used to purchase the item or a valid photo ID.