Refund

A refund can occur in many different circumstances and is given to a customer for an item that is returned or when the product is high in stock. A credit card refund is when a prior charged amount is returned back to the credit card from the credit card company.

A refund can also be money paid by the Federal government, due to an excess in payment made by an individual or business on taxes. A refund can also be considered money given or due when a loan has ended.

To receive any kind of refund you must know the policies of a business or store and keep accurate records and receipts.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!