Eli5: what happens if I buy something on a credit card, pay the balance to zero from a checking account, but then return the item and get refunded? Where does the money go?

Question

Eli5: what happens if I buy something on a credit card, pay the balance to zero from a checking account, but then return the item and get refunded? Where does the money go?

In: Economics

Answer 1

It will go back to the credit card giving you a debit balance.

The retailer has no idea what your bank account information is.

The credit card company might then issue you a check/debit your bank account if they have it, but you probably would have to request that.