Timeline for What does "money will reflect in your credit card shortly" mean?
Current License: CC BY-SA 4.0
10 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 17, 2019 at 20:43 | comment | added | Acccumulation | Should also be "be reflected" rather than "reflect". | |
| Jun 17, 2019 at 16:57 | comment | added | RonJohn | @PrasanthGanesan with the Rs.4956 credit, you'd be able to make a Rs. 24,956 purchase on your card. Naturally, you'd then have to give the bank Rs. 24,956... :) | |
| Jun 17, 2019 at 16:54 | comment | added | Prasanth Ganesan | I am a new user of credit card, so I am confused about these terms. Sorry for that. And yes, 20,000 is my credit card limit for each month | |
| Jun 17, 2019 at 16:46 | comment | added | RonJohn | @PrasanthGanesan there's a confusion here. You write "I have Rs.20,000 in my credit card" and "I'll have Rs. 24,956 as the balance", but it seems like you actually have a DEBIT card. Or are you confusing "I have Rs.20,000 in my credit card" with "I have a Rs.20,000 credit limit"? | |
| Jun 17, 2019 at 16:44 | comment | added | yoozer8 | @PrasanthGanesan Do you mean 20,000 is the balance on the card, or the limit? | |
| Jun 17, 2019 at 16:27 | comment | added | Prasanth Ganesan | Let me try to explain better Ron. I have Rs.20,000 in my credit card which is the maximum amount that I can use for every month. If this refund gets processed, then I'll have Rs. 24,956 as the balance. So if make a purchase for Rs. 4,956 will it get debited from my bank account? (Normally when we have Rs.20,000 in our credit card and if we make a purchase for 5000, we need to pay it to the bank by the starting of next month.) | |
| Jun 17, 2019 at 16:19 | comment | added | RonJohn | @PrasanthGanesan I'm not sure I understand your question. But... presuming that you've been paying for that policy with your CC, then presumably they are going to refund the money to your CC. Thus, any balance your CC has will be reduced by Rs.4956. If your balance had been less than Rs.4956, you'll now have a negative balance. | |
| Jun 17, 2019 at 16:15 | vote | accept | Prasanth Ganesan | ||
| Jun 17, 2019 at 16:15 | comment | added | Prasanth Ganesan | Thank you Ron. By the way if the bank has processed my refund can I use the refund amount from my credit card without having to pay for the used amount in the next month? | |
| Jun 17, 2019 at 16:12 | history | answered | RonJohn | CC BY-SA 4.0 |