Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print):
"When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
Back item credit on your bank statement typically refers to a transaction that has been reversed or credited back to your account, often due to an error or a refund. This can occur when a previously charged amount is canceled, or a merchant processes a refund for a returned purchase. It's essential to review the details of the transaction to understand the reason for the credit. If there are any discrepancies, it's advisable to contact your bank for clarification.
Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print): "When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
There is a credit due back as a refund.
They are correct. Once the item is reflected in your credit report, all that HSBC can do is notify each Credit Bureau that the item has been paid in full.
Refund acct used to make the purchase.
When you return an item purchased with a credit card, the amount you paid for the item is typically refunded back to your credit card account. This process may take a few days to reflect on your credit card statement.
It depends on the store's return policy,but in most cases your credit card gets credited with the amount of the returned item.
To return an item purchased with a credit card, you typically need to bring the item and the receipt to the store where you bought it. The store will then process the return and refund the purchase amount back to your credit card.
No, you cannot typically purchase an item with a credit card and then return it for cash. Most stores will only refund the amount back to the credit card or provide store credit.
Back item credit on your bank statement typically refers to a transaction that has been reversed or credited back to your account, often due to an error or a refund. This can occur when a previously charged amount is canceled, or a merchant processes a refund for a returned purchase. It's essential to review the details of the transaction to understand the reason for the credit. If there are any discrepancies, it's advisable to contact your bank for clarification.
It is dependent on the store that you purphased the item from. Some will allow you, others will not. Typically, they ask you for the credit card you used when you bought the item and refund the money back onto the card.
When something is on back order it means the item ordered is out of stock. When the item is in stock again or available from the manufacturer it will be shipped as soon as possible.
No, you cannot make returns on a credit card. When you return an item purchased with a credit card, the refund is typically issued back to the same card or as a store credit.
Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print): "When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
You can't. The site does not have a policy allowing credit items to be exchanged.
A return on a credit card happens when you return a purchased item to the store. The store refunds the amount back to your credit card, reducing your balance. This can help you get your money back for items you don't want or need.
When you return something you bought with a credit card, the amount you paid for the item is typically refunded back to your credit card account. This can help reduce your credit card balance or provide you with a credit for future purchases.