Credit Card

[Kathyan]

I recently ordered something and paid by credit card. I then made a balance transfer from the credit card to a 0% card. The order I made cannot be completed and has been cancelled and the payment is being refunded to the original credit card. When this refund is made there will be a credit balance on this account. I still owe this amount on the other card. Is there a way to get the money from the original credit card to pay it off the 0% card? Hope this is clear!

[jennyjoan]

oh Kath - my neighbour is brilliant with your queries - I don't know what she is talking about half the time, but she says when it is near to paying off credit cards - "transfers" them to another card - think she is trying to say she tries to pay no interest. Never could I understand all that

[bednobs]

if you have a credit balance, you can ask for it back (they used to send a cheque but im not sure if they still do these days)
Your problem will be of course that there will be more (amount + transfer fee) on the new card than you'll get for a refund of your oreder

[Kathyan]

Yes I know what she means but this is different as it's a credit balance ie they will owe me!

[THECORBYLOON]

How can you owe the same amount on two credit cards?

If you want to use the credit to reduce the balance on the new card, can you not just use the old card to pay the credit to the new card?

[Kathyan]

Yes bednobs I realise that, but it's not that much so I'm not bothered about it. Should I ring them when it's gone back on?

[Kathyan]

I won't owe the amount on two cards, one is a debit balance the other will be a credit balance.

[ubasses]

It will have to go via your current account. Some credit cards are not permitted to have a credit balance and the money would be returned automatically to the account you make repayments from. If this does not happen within a few days, just give them a ring and request the return of the credit monies.

[Kathyan]

OK ubasses, thanks for that.

[MartinMillar]

Log on to the account with the debt and make a payment using the card with the credit

[Kathyan]

AFAIK you can't pay a credit card bill with another credit card.

[ubasses]

Banks don't usually allow you to pay one credit card from another credit card, only balance transfers.

[MartinMillar]

My husband in the past has paid my credit card using his credit card. It was a few years ago to be fair

[THECORBYLOON]

What confused me was your saying, "When this refund is made there will be a credit balance on this account. I still owe this amount on the other card."

[Kathyan]

Sorry for any confusion Corby.

[sherrardk]

Use the credit card with credit on to buy some stuff, use the money that you would have used to buy the stuff to pay off the amount you owe on the other credit card.