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Why is it when you use your credit or debit card, they take your money right away, but when you do a return, and a credit is issued to your card, it takes 7 days?
What gives? Why do we not get interest back for pending credits since they charge us interest on debits / purchases?
| by Anonymous | reply 6 | August 6, 2025 6:52 PM |
Are you 8 years old??
Welcome to capitalism.
| by Anonymous | reply 1 | August 6, 2025 5:13 PM |
Because this is one of the many ways The Man can stick it to you.
| by Anonymous | reply 2 | August 6, 2025 5:14 PM |
"The Man can stick it to you." - that makes me tingle down there...
| by Anonymous | reply 3 | August 6, 2025 5:15 PM |
Actually, with Credit cards, you are in the billing cycle. If you bought at the beginning and returned it the next day you are out no money. But yes they will hold on to your money for x days to generate interest. They make money off your money. You might think its not much but multiply your 50 dollar jeans by 10 million.
| by Anonymous | reply 4 | August 6, 2025 5:28 PM |
The short answer is that there are actually four parties involved in all credit (and debit) transactions:
Customer, merchant, issuing bank (customer's credit card company), acquiring bank (merchant's transaction processing company).
When a purchase is authorized, all anyone needs to confirm is that you have sufficient open-to-buy (credit limit). However, when you return an item, there are more steps in addition to reversing the original purchase transaction.
| by Anonymous | reply 5 | August 6, 2025 5:37 PM |
If you do the only correct thing and pay off your card balance every month, there is no interest to worry about.
| by Anonymous | reply 6 | August 6, 2025 6:52 PM |
Yes indeed, we too use "cookies." Take a look at our privacy/terms or if you just want to see the damn site without all this bureaucratic nonsense, click ACCEPT. Otherwise, you'll just have to find some other site for your pointless bitchery needs.
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