Can I get a refund if I paid by credit card? (2024)

Can I get a refund if I paid by credit card?

When requesting money back, the merchant will generally credit the refund to your original form of payment, so if you paid by card, you won't receive physical cash back. Your credit card issuer will then post a statement credit to your account, effectively reducing your statement balance by the refunded amount.

Can a credit card payment be refunded?

If a merchant's policy allows for it, you can typically get either store credit or a refund on your credit card account in the form of a statement credit. Melissa Lambarena is a senior writer on the credit cards team at NerdWallet.

Can I claim money back if paid by credit card?

Making a chargeback claim

Tell your card provider you want to make a chargeback claim. Your card provider is the company that sends you your statements. You can find their contact details on their website. It's best to ask in writing.

What happens if I return something I bought with a credit card?

A credit card refund is initiated by the merchant or vendor who received the original payment. A refund is issued when you return a purchased item or receive a discount, for instance. The refund amount is credited back to your credit card account, and it typically appears as a credit on your statement.

Can I get refund money on credit card?

In case you receive a defective product or want to cancel a subscription, a credit is initiated to your credit card account when a merchant or service provider issues a refund. The refund amount is deducted from your outstanding balance, and your available credit is increased by the same amount.

Can I dispute a credit card charge that I willingly paid for?

Yes. You can dispute a credit card transaction, even if you willingly approved it at the time. Disputes like this happen frequently when a vendor doesn't deliver the goods or services as promised.

What to do if a merchant refuses to refund?

Can I transfer a credit card refund to my bank account?

Depending on your credit card's issuer, credit balance refunds can be sent as a check or a refund to the bank account from which the payment was originally taken. You can usually contact your credit card issuer online, over the phone or by mail to ask for a credit balance refund.

Can I get a cash refund if I paid by debit card at Target?

Yes, you can get a cash refund if you paid by debit card at Target in most cases [1]. Here's how refunds are typically processed at Target: Original Form of Payment: In most cases, your refund will automatically go back to the original form of payment used for the purchase [1].

Do you need the credit card you bought something with to return it?

Because nearly all stores require you to use the same credit card or some form of payment for your return that you used for your initial purchase, there aren't many scenarios where you get to keep the points when you make a return — unless you aren't actually getting the funds credited back to your account.

How do I ask for a refund?

Why aren t refunds instant?

The bank cannot issue an immediate refund as the request has to be authorized by the merchant first. Once the merchant approves your request, they will give their bank authorization to return the funds to your account.

How long do card refunds take?

Refunds to debit cards tend to take between two and five business days, but it can take up to 30 days depending on the company issuing the refund.

What are valid reasons for disputing a credit card charge?

What credit card transactions can you dispute?

How often are credit card disputes successful?

You might not always get a fair outcome when you dispute a chargeback, but you can increase your chances of winning by providing the right documents. Per our experience, if you do everything right, you can expect a 65% to 75% success rate.

Can I ask my bank to refund a payment?

The chargeback process lets you ask your bank to refund a payment on your debit card when a purchase has gone wrong. You should contact the seller first, as you cannot start a chargeback claim unless you have done this.

Will my credit card refund me if I get scammed?

If you paid by card or PayPal

If you've paid for something you haven't received, you might be able to get your money back. Your card provider can ask the seller's bank to refund the money. This is known as the 'chargeback scheme'. If you paid by debit card, you can use chargeback however much you paid.

Is it illegal to not refund a customer?

Most retail stores allow you to return things you buy within a reasonable time for a full refund, credit, or an exchange. When a store clearly displays a limited or no-refund policy, however, refunds and exchanges are not required by law.

Can I dispute a transaction if I can't get a refund?

If asking the merchant for a refund didn't work, request a chargeback with your credit card issuer. Many card issuers let you dispute transactions by phone, mail or online. You may also be able to submit a dispute directly through your card issuer's mobile app.

Can you go to jail for chargebacks?

There is no specific statute describing chargeback fraud; instead, prosecutors may charge it under a range of criminal violations, any of which may result in substantial fines, jail or prison time, or mandatory restitution to the victim of the fraud.

Can I get a cash refund at Walmart if I paid with card?

If your purchase was made using a debit or credit card, we'll issue the refund to that same card. If the original card is not present and isn't available by scanning the receipt, your refund is processed onto a Walmart shopping card or gift card.

Can I get a cash refund at Walmart if I paid with a debit card?

Yes, you can get cash back from Walmart with a receipt if you paid with a debit card. Most Walmart stores offer cash back services at the register when you make a purchase using a debit card. The maximum amount of cash back you can receive may vary depending on the store and your banks policies.

Can I get a cash refund if I paid by debit card at CVS?

If your purchase was made with a credit card or debit/cash card, your refund will be made to that card. Items returned without a receipt may be exchanged for the same item or refunded as store credit. A refund for such a return may be limited to the lowest advertised price in the 60-day period prior to the return.

Does a refund have to be on the same debit card?

Refunds can't be processed to a different method of payment. If your credit card or debit card number has changed but is for the same bank account, the refund will be processed to that account.