Question
I am finalizing plans for our group of relatives going to Hawaii in June. Half the people cancelled, so I called Pleasant Hawaiian today and they are crediting the amount I already paid for airline tickets back to my CitiBank MC.
In a few days, we are calling to finalize the condos... I will end up owing them about the same amount as my refund from Pleasant Hawaiian.
My big refund/credit that will post on Citibank doesn't cancel out the miles I will earn for charging the balance for the condos -- does it?
Otherwise, I guess I would have to hope the credit posts soon and ask Citibank to cut me a check to maybe get the balance to "0"...
Thanks!
Answer
Originally posted by ALadyNCal:
I am finalizing plans for our group of relatives going to Hawaii in June. Half the people cancelled, so I called Pleasant Hawaiian today and they are crediting the amount I already paid for airline tickets back to my CitiBank MC.
In a few days, we are calling to finalize the condos... I will end up owing them about the same amount as my refund from Pleasant Hawaiian.
My big refund/credit that will post on Citibank doesn't cancel out the miles I will earn for charging the balance for the condos -- does it?
Otherwise, I guess I would have to hope the credit posts soon and ask Citibank to cut me a check to maybe get the balance to "0"...
Thanks!
Well, what happens is that you're "in the hole" for that many miles IF it's between statements. So, if you charge $10k in charges and your billing cycle hits, you get your 10k miles. If you had $5k in returns, you'd be in the hole for 5000 miles, thus, requiring $5k in purchases to get out of the hole. Once out, you earn miles normally.
As for on the same statement, they just take the delta of charged - refunded.
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Believe it or not... some airline partners like credit card companies can actually send request to take the miles back.
If you return a merchandise, some cards will do this... some will wait and keep track of this internally for future subtraction.
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You're looking at it the wrong way. http://www.flyertalk.com/forum/smile.gif
If you charged 10k, then had 5k in returns, you're only entitled to 5k worth of miles. If you already got 10k in miles posted, then, yes, your future purchases will be offset by the amount of the return. Having them cut a check won't really prevent that.
-David
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I very rarely have charges in the $3-4K range....so I hate to miss an opportunity to get miles for this...
OK...so this confirms my concerns -- having a $4K credit on my card will cancel out getting the new miles for my $4K purchase...
The above poster said that getting Citibank to cut me a check (thereby bringing my account balance to zero) won't solve it.
WHAT IF I do a balance transfer from another card I owe on and put it on the Citibank card (in the amount of $4K). Will that balance out the $4K credit posting and allow me to get my new miles for my new $4K purchase...or no, because balance transfers don't factor into the mileage game...?
Thanks for any help http://www.flyertalk.com/forum/smile.gif
PS: As for credit cards sometimes reversing miles....the original charge (from which I am getting a partial refund of $4K) was back in Feb, 90 days ago....so I hope that doesn't become an issue http://www.flyertalk.com/forum/frown.gif
Answer
Originally posted by ALadyNCal:
I very rarely have charges in the $3-4K range....so I hate to miss an opportunity to get miles for this...
OK...so this confirms my concerns -- having a $4K credit on my card will cancel out getting the new miles for my $4K purchase...
The above poster said that getting Citibank to cut me a check (thereby bringing my account balance to zero) won't solve it.
WHAT IF I do a balance transfer from another card I owe on and put it on the Citibank card (in the amount of $4K). Will that balance out the $4K credit posting and allow me to get my new miles for my new $4K purchase...or no, because balance transfers don't factor into the mileage game...?
Thanks for any help http://www.flyertalk.com/forum/smile.gif
PS: As for credit cards sometimes reversing miles....the original charge (from which I am getting a partial refund of $4K) was back in Feb, 90 days ago....so I hope that doesn't become an issue http://www.flyertalk.com/forum/frown.gif
You answered this one yourself...balance transfers do not count towards mileage so you'd still owe the miles
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Look at the bright side .. you're still getting a bunch of miles overall, even after the refund. http://www.flyertalk.com/forum/smile.gif
-David
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Miles "refunding" works very simply - at least on the cards I use.
Example: I charge $10K one month, the billing cycle ends and I get 10K miles credited to my FF account.
The next month I get a refund of $5K. This amount simply stays on the account as a credit until I charge $5k more. As I make more charges, the credit balances drop to zero and then I start getting miles again.
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Well, I think I will call Citibank and ask for a check to be sent for my credit balance... It probably won't get me ahead (in my mind....getting back to "0" would be beneficial). But, since I decided to charge the balance of the condos on American Express (to get double miles), I need to either get a check cut from Citibank or do a transfer of the money I am charging on American Express to offset the credit balance.
Thanks for you input http://www.flyertalk.com/forum/smile.gif
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When I had a credit (for $5!!!) with Citibank, AA deducted 5 miles from my account.
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That's too sad for words http://www.flyertalk.com/forum/frown.gif http://www.flyertalk.com/forum/frown.gif http://www.flyertalk.com/forum/frown.gif
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It's not that the refund cancels out NEW miles. They take back the OLD miles they gave you when you made the purchase that has now been refunded. Why would you think any different?
QL
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That's right. My net for the month was $5 credit after a refund (including new purchases). They did not allow me to "owe" the 5 miles. They deducted them at statement close.
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This was only Citibank and AA. Wells Fargo Hawaiian Mastercard did not deduct anything the month I "owed" 18 miles.
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How about the prospect of having the company apply the credit to a different 'non-miles' credit card (if you've got one)?
--Grog--
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The reason why merchants refund to the credit card that was used is because they get the credit card discount rated refunded.
Otherwise, you charge $10,000, merchant pays 2% fee to credit card company. Then you get a refund for $10,000 by check, and the merchant is out the $200 discount rate. Why would a merchant want to do that?
d