topic Re: What happens to refunds when you close a card? in Credit Cards

What happens to refunds when you close a card?

CreditJim — Wed, 17 Jun 2015 18:31:50 GMT

The AF on my Arrival + is due and I think I'm going to close it. The problem is, I have a few refunds that should be going back onto that card, which they said could take up to 3 weeks, by which time the non-refundable and non-proratable AF will have been charged. If I close the account, what happens to the refunded money?

Re: What happens to refunds when you close a card?

Anonymous — Wed, 17 Jun 2015 19:30:41 GMT

@CreditJim wrote:
The AF on my Arrival + is due and I think I'm going to close it. The problem is, I have a few refunds that should be going back onto that card, which they said could take up to 3 weeks, by which time the non-refundable and non-proratable AF will have been charged. If I close the account, what happens to the refunded money?

It will work out; most likely Barclay will automatically send you a check for the refunded amount. Might take a call to customer service.

You could make things easier on yourself by calling Barclay and, instead of cancelling the card, convert it to a fee-free card, like the Arrival (not plus) or the Barclay Rewards card. Then any refunds will go to the converted card and you can either spend off the credit balance or easily call customer service and ask for a credit balance refund check. That also means you'll retain any lingering rewards you may have left over from the Arrival+. Also, when I converted both my and DW's Arrival+ cards, we were offered an extra $10 of rewards for the first purchase of any amount on each of the converted cards.

Chris.

Re: What happens to refunds when you close a card?

Anonymous — Sat, 20 Jun 2015 22:05:37 GMT

When I closed my Cap One before getting my refund they mailed me a check after the statement cut.