Credit Card related general query.

[Laukik]

What happens if we make a big purchase a day before billing date on a CC from ecommerce site and return the product for some reason (DOA or damaged).
Where do we find the refund? If it's on the CC then is it possible to transfer it to Bank account?

 

[akshayhs]

1. It most probably won't be settled for the statement.
2. Refund will be credited to card used for the purchase itself.
3. Because it will be reversed your existing credit for the card will be restored to a state before the purchase was initiated. Hence it won't be permissible to be transferred to the bank account