What is the name of your state? Florida
So to keep it simple, say your credit limit is $500. You charge $100 at Walmart so now you have $400 of available credit. Say in 3 days when you get paid, you pay the credit card down by $50 so now you have $450 of available credit. Then you decide for whatever reason to return the item. When the refund is credited to your credit card it would put your balance at $550...$50 above your original credit limit. Would they just apply the $50 and put your limit back to $500 and send you a refund check for the other $50 or would your new limit be $550?
So to keep it simple, say your credit limit is $500. You charge $100 at Walmart so now you have $400 of available credit. Say in 3 days when you get paid, you pay the credit card down by $50 so now you have $450 of available credit. Then you decide for whatever reason to return the item. When the refund is credited to your credit card it would put your balance at $550...$50 above your original credit limit. Would they just apply the $50 and put your limit back to $500 and send you a refund check for the other $50 or would your new limit be $550?
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