For Refund Credit Balance?

If your credit card account/line of credit has a credit balance—in other words, money is owed to you—of more than $1.00, you have two choices: ... Send a written refund request to your bank or credit card company. Tell them how you want the refund paid (e.g., cash, check, money order, or credited to a deposit account).

How does a credit balance refund work?

If the purchase amount of the item you are returning is the only balance on your account, then your balance will return to zero after the refund is processed. If you have paid your card down to a zero balance and then receive your refund, you will have a negative balance on your credit account.

How long does it take for a credit balance refund?

Refunds on credit card purchases usually take 7 days. Credit card refund times vary by merchant and bank, with some taking a few days and others taking a few months.