Refund considered spend on credit cards?

89°
Deal Subedar
Mufasa
I had ordered the S23 Ultra and iPhone, but later canceled the orders and received a refund. Will these refunds be considered in the accumulated spending on my credit cards?
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Finance Mentor Finance Mentor
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Technically counted? yes (you spent and became part of statement and not refunded in current cycle), but if, as a settlement in next billing cycle, it reduces that bill amount in same value, so negated...

Deal Captain Deal Captain
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If refund is credited back to source , not counted as spend, if credited to wallet it maybe considered spend

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Deal Cadet Deal Cadet
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no it won't be.

Deal Cadet Deal Cadet
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No. Never.

+ & -  of rewards.

Refund will be adjusted in next bill cycle.

Finance Mentor Finance Mentor
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Technically counted? yes (you spent and became part of statement and not refunded in current cycle), but if, as a settlement in next billing cycle, it reduces that bill amount in same value, so negated...

Deal Lieutenant Deal Lieutenant
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so this refund considered for card fee waver condition?
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Deal Captain Deal Captain
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If refund is credited back to source , not counted as spend, if credited to wallet it maybe considered spend

Deal Cadet Deal Cadet
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But not always so.

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