Cash back from CC refund

[snorkle lover]

This might be a strange question but here goes.

We opted for a refund for our cruise the end of

April. So I suppose this will show as a credit

with no way to get cash out, correct? This is 

a card that I primarily use to charge large 

travel expenses so now I am stuck having

to use it all the time since large expenses

might not be happening for a while. Any

thoughts?

[DaveFr]

Have you checked with your credit card issuer?

 

Dave

[snorkle lover]

Hi Dave, 

 

Thank you for your response. I just tried calling them

but due to the virus they are only taking emergency

calls. Oh well I am sure I can figure a way to pay it

down!

[Pcardad]

Most banks will cut you a check if a large credit sits on your statement for 2 months.

[cruiseluv]

1 hour ago, snorkle lover said:

This might be a strange question but here goes.

We opted for a refund for our cruise the end of

April. So I suppose this will show as a credit

with no way to get cash out, correct? This is 

a card that I primarily use to charge large 

travel expenses so now I am stuck having

to use it all the time since large expenses

might not be happening for a while. Any

thoughts?

My experience with my credit cards is that you can request a check be sent to you, actually when I have left a  credit balance for more than 3 months they'll send me a check automatically

[Wendy The Wanderer]

I'm in the same situation--ask them, they'll no doubt pay you back.  This will be affecting me when I cancel our world cruise for next year (which I'm not certain to do, but probably.)  That'll be C$30K, paid through Amex Canada, so a very significant piece of change!

 

Interesting that you couldn't get thru to your CC provider.  I'm going to call Amex Canada next week and see what they say.

 

I wonder if asking Regent to cut a check is an option?

[ronrick1943]

You'll get a check back, but don't forget you'll have to give back your points.

[CruiserFromMaine]

I asked for a copy of our cardholder agreement. We can get a refund. (Chase Visa). Not sure if I have to request it or not. It needs to post first...

[ronrick1943]

2 hours ago, CruiserFromMaine said:

I asked for a copy of our cardholder agreement. We can get a refund. (Chase Visa). Not sure if I have to request it or not. It needs to post first...

As soon as they post it, you can request a check.  I'd try direct deposit--maybe the can.

[SusieQft]

I got a refund on my Citi credit card, and when I called to request cash out they were able to transfer it directly to my Wells Fargo bank account.  I already had the card set up for automatic payments from my bank for the balance due each month, so I don't know if they would have transferred it otherwise.

Edited April 4, 2020 by SusieQft

[CruiserFromMaine]

5 hours ago, SusieQft said:

I got a refund on my Citi credit card,

Ws that a refund of a cruise that Regent recently cancelled?

[SusieQft]

3 hours ago, CruiserFromMaine said:

Ws that a refund of a cruise that Regent recently cancelled?

No, it was from American Airlines.

[Wendy The Wanderer]

19 hours ago, ronrick1943 said:

You'll get a check back, but don't forget you'll have to give back your points.

 

Yeah, boo hoo.  I did use a bunch this last winter, but have lots left to relinquish I think.

[snorkle lover]

Lots of good information, either way I am just happy that we

will be getting a refund. 

Thank you for the help.

[Portolan]

20 hours ago, ronrick1943 said:

You'll get a check back, but don't forget you'll have to give back your points.

It'll be interesting to see how this works as I expect to have too few points in my Chase account (I tend to use them as quickly as possible) when they go to deduct 3x cash refund value (Chase Sapphire Reserve).  Presumably I will just gradually be working off a negative balance.  Won't take long if Regent starts sailing again.

[ronrick1943]

15 minutes ago, Portolan said:

It'll be interesting to see how this works as I expect to have too few points in my Chase account (I tend to use them as quickly as possible) when they go to deduct 3x cash refund value (Chase Sapphire Reserve).  Presumably I will just gradually be working off a negative balance.  Won't take long if Regent starts sailing again.

I think that is the way it will work.  I also will being getting 30+K, meaning I'll own 90+K in miles.  I only have 14K in credits now, so we'll not be getting miles for awhile.........