Credit card bill payment when expecting refund and bill already generated... please help..!!!

JaiKrish1031 wrote:

If I have bill of 20k due to be paid within next week. I don’t have money in hand to pay the bill. Now I order something online for 20k and cancel it now 20k will get credited to cc. If they consider this 20k as payment then it’s a loss to cc company. So they won’t consider refund as payment.

But then refund is for transactions to be included in next billing cycle.. so, refund to be considered next time only..

But for transactions done before the bill generation, refund should be considered.. they should take in account the transaction against which refund is credited

Like say I place an order for about 40k, which later get refunded (due to cancellation or due to transaction failure as happens sometime)..
So, i will have to undertake a second transaction of 40k.. and will have to pay 80k for bills.. even if outstanding will be adjusted next time but i will have to bear unnecessary burden this time.. in such case why would one use CC as they are supposed to help with financial management..

Does ICICI consider refund as payment for the transaction done in last statement ?? I got a refund email from ICICI and it says to pay minimum amount due as refund will not be considered as payment. Has anyone faced this with Icici?

Ramesh1997 wrote:

But then refund is for transactions to be included in next billing cycle.. so, refund to be considered next time only..

But for transactions done before the bill generation, refund should be considered.. they should take in account the transaction against which refund is credited

Like say I place an order for about 40k, which later get refunded (due to cancellation or due to transaction failure as happens sometime)..
So, i will have to undertake a second transaction of 40k.. and will have to pay 80k for bills.. even if outstanding will be adjusted next time but i will have to bear unnecessary burden this time.. in such case why would one use CC as they are supposed to help with financial management..

Indian banks are not considering while the Global companies like AMEX are smart enough to do that.

https://www.desidime.com/forums/dost-and-dimes/...

https://www.desidime.com/forums/dost-and-dimes/...

gururajrs wrote:

Does ICICI consider refund as payment for the transaction done in last statement ?? I got a refund email from ICICI and it says to pay minimum amount due as refund will not be considered as payment. Has anyone faced this with Icici?

Yes, it is like that for ICICI. Not for SBI I think

Hello Friends,

I have a problem/
My SBI IRCTC credit card bill is generated on 9 March 2020. Due Amount is 9000/ . Due Date is 29 march 2020. and now for 2 order I will get refund from the IRCTC amount i.e 5000/. on 20 March 2020.

So my question is how can I go for the bill pay? should I go for the whole bill(9K) payment? or only the difference 4,000(9,000-5,000).

Please help if someone already gone thou this situation.

keshmahadeb wrote:

Hello Friends,

I have a problem/
My SBI IRCTC credit card bill is generated on 9 March 2020. Due Amount is 9000/ . Due Date is 29 march 2020. and now for 2 order I will get refund from the IRCTC amount i.e 5000/. on 20 March 2020.

So my question is how can I go for the bill pay? should I go for the whole bill(9K) payment? or only the difference 4,000(9,000-5,000).

Please help if someone already gone thou this situation.

Pay full amount regardless of refund you get.
Only citibank credits refund as payment.
No one else i have used of.

I already paid all unbilled amount through net banking .. but after two three days showing unbilled amount again

yogeshdengale34753 wrote:

I already paid all unbilled amount through net banking .. but after two three days showing unbilled amount again

Always use NEFT for same day credit in credit card account

hello friends
i paid my insurance premium of 60k on 15july
and bill get generated on 21 july and due date is 10 aug
and on 2 aug i get refund of 60000(due to some resons )
and now on 10 aug i have to pay 60000
or nothing
plese tell !

harsh9466772374524 wrote:

hello friends
i paid my insurance premium of 60k on 15july
and bill get generated on 21 july and due date is 10 aug
and on 2 aug i get refund of 60000(due to some resons )
and now on 10 aug i have to pay 60000
or nothing
plese tell !

You need to pay “minimum due amount” at least, rest all shall be adjusted from the 100% refund received.
Reason: merchant refund is not treated as payment, so you need to make at least one payment to your card.

If, Amount Paid + Merchant Refund >= Due Amount, no interest shall be charged.

P.S. This was informed by a CC executive once, forgot the bank.
EDIT: It was ICICI bank CC.

@nahibatata
my card is of hdfc bank
my bill due is 77400
and i rec refund of 60000
plese tell now how much should i pay

harsh9466772374524 wrote:

@nahibatata
my card is of hdfc bank
my bill due is 77400
and i rec refund of 60000
plese tell now how much should i pay

MINIMUM AMOUNT DUE or Rs. 17,400 (77,400 – 60,000), whatever is higher..!!

ok

NahiBatata wrote:

MINIMUM AMOUNT DUE or Rs. 17,400 (77,400 – 60,000), whatever is higher..!!

bhai change your username. you are doing exactly opposite of it