What do you mean credit card refund is pending?

It should be noted that it has not arrived yet. After the refund amount arrives, the bill amount can be returned. The transaction record on your bill shows that your credit card refund has actually arrived (not on the way) and the bank has registered it. Simply put, the refund process has been completed, and the funds have arrived in the account and entered the financial account.

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How long does it take for the credit card refund to arrive?

In most banks, it takes about half a month for a refund to arrive, and some even longer. For example, China Bank or some local banks need about ten working days; ICBC needs about 15 working days; CCB can generally complete the refund process within 3- 15 working days; It takes about 3 working days for China Merchants Bank.

Refund only cancels the original transaction, not the actual repayment. After the refund, this account was not actually credited to the credit card, but was used as an overpayment of the credit card.

1. Refunds after the bill date are not counted as current repayment, and the "refund" in the credit card is different from cash repayment. Ticket refund, Alipay account refund or cancellation of consumption by other merchants cannot be counted as current repayment; Only when users deposit their own cash can they consider repayment.

2. If it is a refund received before the bill date, you can deduct this consumption; However, if it arrives after the bill date, it cannot be deducted from the repayment of the current month and can only be included in the bill of the next month.

3. The credit card refund process is very complicated. The merchant initiates a refund, and the bank is only the receiver. Therefore, there will be no SMS reminder when the credit card refund arrives, and the cardholder will ask the bank in detail when he encounters the actual refund problem.

Why is there a refund on China Merchants Bank's credit card?

First, the reason for this problem

Credit card refund is included in the entered bill, because it arrives after the credit card bill date and cannot be regarded as the current repayment, and can only be recorded in the next bill. Therefore, the merchant's refund does not actually repay your current bill, but it can offset your consumption after the current bill, so the credit card refund will still be in the bill.

One is that the credit card bill has been refunded a few days ago, and the consumption amount and the refund amount offset each other. Although the bill will be issued on the bill date, the amount to be repaid does not include the consumption amount, and only the arrears of other transactions need to be repaid.

One is the one-day refund of the credit card bill. The amount to be repaid after the bill comes out will include the transaction amount, and the bill will not be issued because of the refund. Even if there is no other transaction arrears in the month, repayment is required.

The credit card refunds and bills mentioned mainly refer to the second case. For example, the bill date is 15, and the credit card will be refunded after spending 5,000 yuan 12, and returned 16. At this time, the bill has been issued, and the amount to be repaid includes this 5000 yuan. Cardholders should pay back at least 5000 yuan this month.

Second, the way of handling.

If the credit card bill arrives in the future, the refund can not be regarded as the current repayment, but can only be recorded in the next bill. This means that even if a refund has been received, the cardholder will only be regarded as repayment if he deposits the corresponding amount of funds into his credit card. If the credit card bill arrives later, the refund can be used to offset the next consumption.

Take China Merchants Bank Credit Card as an example. If the refund transaction date is later than the bill date, it cannot offset the payable amount of the current bill, but it can offset the new consumption that has not been billed. Because the refund from the merchant and your personal deposit belong to two different types. It takes a long time for general merchants to refund money. Usually, the money will be returned to the credit card after you make the bill, and the transaction or refund after your bill is actually included in your next bill. Therefore, the refund of the merchant does not actually play a role in repaying your current bill, but it can offset the consumption after your current bill.