If you want to return a purchase, haven't got what you paid for or have been overcharged, you can request a refund. Usually, businesses will process a refund onto the card that you originally used to pay.
Sometimes, you'll need to contact your credit card provider to get a refund.
How to get a credit card refund in 4 steps
Contact the business. Get in touch with the business or merchant involved in the transaction and let them know you want a refund. Make sure you explain the reason for the refund and ask if there are any specific details they need.
Organise your required documents or items. If you are returning an item for a refund, follow the requirements outlined for a postage or in-store return. If you are requesting a refund for some other reason, provide the merchant with supporting documents. For example, you may need the original receipt or credit card statement details that show you have been incorrectly charged.
Provide your credit card details. Present the credit card that you have used for the transaction, or securely give the merchant details of the card (if over the phone or online) so that they can process the refund.
Sign any required documents. Carefully read and fill out any return or refund documents as requested by the merchant. This is for their records and helps them verify the refund.
How long does a credit card refund take to show up on Internet banking?
Credit card refunds from a business or merchant. Refunds from a merchant can take from 2 up to 90 days to be processed, although the average is about 5 business days. You can contact individual businesses to find out how long they will take to process the refund.
Credit card chargebacks. When you request a chargeback or transaction dispute through your credit card provider, it usually takes up to 8 weeks for the provider to go through all the steps required and come to a decision. In some cases, it could take longer. If the provider's decision is that you are eligible for a refund, they will let you know how long it will take to process.
If you want to check that the refund has gone through, be aware that some providers will list refund transactions under the "credit" column – similar to any card payments that you make. Others may include a minus symbol to indicate that it is a refund (for example, -$200) or "CR" to show it's an account credit. You will also see details of the merchant or processor that has refunded you in the description section of your account.
Tip: Is your refund taking a while? Pay your credit card bill anyway
Credit card refunds usually take about 5 business days to process, but it could take longer in some cases. So don't worry if you don't see the refund on your credit card straight away.
If you get a credit card bill during this period, paying the balance will help you avoid interest charges. When the refund is processed, it will be added as a credit to your account. Refunds don't usually count towards your repayment obligations, so always pay at least the minimum amount listed on your statement by the due date.
How to contact your bank to request a refund
If you need to request a refund on your credit card, you should contact your card issuer as quickly as possible. You can find the contact details for most of the major banks and card providers in Australia below:
There are 2 main ways to get a credit card refund, which we’ve outlined in detail below:
1. Point of sale or merchant refunds
If you want to return a purchase, find you have been incorrectly charged or want a refund for non-delivery of items you've paid for, your first step should be to contact the merchant.
The representative you speak to will refer to the credit card refund policy to make sure the claim is eligible and then guide you through the refund process. Merchants can also remove pre-authorisations that "hold" funds in your account before or after a full payment is made (think hotel bookings).
2. Chargebacks
If the merchant does not agree to reverse the credit card transaction, you can dispute it by requesting a "chargeback" through your credit card provider.
This type of credit card refund involves the bank reversing all or part of the amount of the disputed transaction. Chargebacks are done in accordance with the applicable card terms and conditions set by Visa, Mastercard or American Express and often take longer to process than merchant credit card refunds.
When can I get a credit card refund?
There are many instances when you can get a credit card refund, either through the business or your credit card provider, depending on the circumstances. Some of the most common scenarios include:
Multiple transactions. When the same transaction is charged to your account more than once.
Returned items. If you return an item to the merchant and meet the return policy requirements.
Incorrect transaction. If it is clear that you did not carry out the transaction.
Lost or stolen. If the card was used fraudulently after it was reported as lost or stolen.
Faulty products. When the equipment used to process the transaction is found to be faulty.
When can’t I get a credit card refund?
There are some situations where you won’t be eligible for a credit card refund. These include:
Don't meet return policy. If you return an item to a merchant but don’t meet the return policy requirements (e.g. item is worn).
Shared credit card details. If you have shared your credit card or credit card details with other people.
Failed to report a lost or stolen card. If you don’t report a lost or stolen credit card straight away.
You might also be unable to get a credit card refund if the charges are “pre-authorised” and meet the standard practices of a merchant (i.e. a hotel or airline that “holds” funds for a set period of time in case of incidental charges). In this instance, you could contact the merchant to request a release of the funds, rather than an actual refund.
How can I request a chargeback?
Getting a credit card refund from a merchant is relatively straightforward, which is why it’s usually the first port of call. If you can't get a refund, the chargeback process may involve a little effort:
Contact your credit card provider. Explain the situation to your card issuer in detail. They may advise you to contact the merchant again before proceeding with the chargeback.
Provide evidence of the issue. Your provider may ask you for verbal or written details of the incorrect charges and you could have to fill out a credit card dispute form. Provide as much information as possible, including statements, receipts and any other details about your contact with the merchant.
Wait for a response. The credit card refund laws around chargebacks require banks to wait up to 45 days for a merchant to respond to your dispute claims. If the merchant does not respond in that time, your dispute will be approved and you’ll get your money back. If they do respond, further steps will be taken to resolve the situation. You can request updates from your provider during this time, but will have to wait it out before you can get a refund.
Provide any further details. If the merchant accepts the dispute, your refund will be processed as usual. If they reject it, your provider may ask for further details until the situation is resolved. Most credit card providers aim to provide an outcome within 45 days, but in some cases it could take up to 120 days for the provider and merchant to resolve the dispute.
Do I need to give my CVV number for a refund?
In most cases, you should not need to provide your credit card CVV for a refund, including refunds for in-store and online purchases.
In these cases, the business should already have the details they need to process the refund. Then, it's a matter of them confirming your information and making sure it's the same card – so they may ask for the card number and name. If you're getting a refund in person, you may also need to enter your PIN or sign the refund receipt.
When might a CVV be needed for card refunds?
The major exception around CVVs and refunds is when a business is processing it as a MOTO (Mail Order/Telephone Order) transaction. In simple terms, some businesses include a MOTO option in their payment set-up as a way of processing phone and other card-not-present transactions.
With this option selected, a CVV will typically be requested when processing any transactions the business puts through as a Telephone Order.
According to Tyro Payments – one of the major EFTPOS and payment processing providers in Australia – this is because these types of transactions are riskier for businesses and "require more careful possessing than a card present transaction".
But not all refunds (or purchases) made over the phone are processed as MOTO transactions. So, if you are asked for your card's CVV as part of a refund, it's worth asking whether this is needed and finding out why it is needed before going ahead.
If you're suspicious, you could also contact your credit card provider to discuss your options. In some cases, you may be able to dispute it or request a chargeback instead.
How does a credit card refund work when there is no balance on the card?
If you haven't made any new purchases since you paid your credit card balance off, the refund will show up as an account credit. This means your account will show a balance that is higher than your available credit limit, which is sometimes referred to as a "positive balance" or an "account in credit".
As an example, say you have a credit card with a $3,000 credit limit and no outstanding payments. If you were refunded $200, you would have a positive balance of $3,200. Your account would then be in credit (you wouldn't owe any money) until you spent $200 or more on your card.
What if you used the card before the refund was processed?
If you paid off your card, made some new purchases and then got the refund, your balance will be adjusted to reflect the refund amount.
Using the same card example above, let's say you spent $300 and had $2,700 of available credit left. When the $200 refund was added to your account, your balance would change to $100 and you would have $2,900 of available credit.
However, it's important to be aware that refunds do not count towards your credit card repayments. This means you will still need to pay the minimum amount listed on your next statement, regardless of how the refund has affected your balance.
Finder survey: On average, how much do people spend on their credit card each month?
Response
Male
Female
2000
3.57%
0.52%
1000
1.32%
0.86%
500
1.32%
0.17%
5000
0.75%
0.34%
3000
0.69%
100
0.56%
1500
0.38%
0.17%
2
0.38%
200
0.38%
0.34%
250
0.38%
2500
0.38%
0.34%
4000
0.38%
700
0.38%
1200
0.19%
0.34%
10000
0.19%
0.17%
1088
0.19%
1400
0.19%
2300
0.19%
3
0.19%
0.17%
300
0.19%
0.17%
35
0.19%
40
0.19%
400
0.19%
0.17%
432
0.19%
4500
0.19%
5
0.19%
5500
0.19%
560
0.19%
750
0.19%
9000
0.19%
1
0.17%
1009
0.17%
15
0.17%
3500
0.17%
47
0.17%
50
0.17%
57
0.17%
600
0.17%
6000
0.17%
6600
0.17%
78
0.17%
80
0.17%
800
0.17%
8755
0.17%
Source: Finder survey by Pure Profile of 1113 Australians, December 2023
What are the other factors to consider when requesting a credit card refund?
Time limit. Merchants outline the amount of time you have to legitimately request a refund, so check individual policies before making any transactions. For chargebacks, you usually have to dispute the credit card transaction within 30–90 days of when it first appears on your credit card statement.
Interest charges. Depending on the circumstances of your credit card refund, you may be charged interest during the refund process. But if you have lodged a chargeback claim with your credit card provider and it is approved, you should be refunded the full amount as well as any interest that was charged on it during the investigation.
Refund payments. If money is returned to your account, the funds are considered a credit to your account. This means a refund will not count as a payment towards your balance if you need to pay the minimum amount due for the statement cycle.
Credit card refund fees. While there shouldn’t be a fee for refunds processed by a merchant, some banks do apply a fee for chargebacks. Third-party payment processors such as PayPal or SecurePay may also charge additional fees for credit card refunds, with the cost typically ranging from $10–25.
Rewards points. Credit card refunds are not eligible for earning points. So if you bought something with a credit card that earns reward or frequent flyer points, your point balance would also be adjusted once the refund goes through.
Whether you need a credit card refund for non-delivery, incorrect charges or simply a change of mind on your purchases, the quickest and easiest option is to contact the merchant directly. If that doesn't work, you can dispute the transaction through your credit card provider to get a chargeback.
Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald. See full bio
Amy's expertise
Amy has written 565 Finder guides across topics including:
Calculate how much you're paying in interest based on your current credit card repayments and discover how much you should pay each month to meet your financial goal.
Recently we hired a vehicle and were required to make a deposit of $800 which was to be refunded on safe return of the vehicle. We were charged $16.00 transaction fee.
On return we received a credit of $800 but not the $16.00 transaction fee. Does the merchant receive a credit for the original transaction fee ($16.00) when they credited off our original $800??
Finder
MaySeptember 25, 2016Finder
Hi Rob,
Thanks for your inquiry. Please note you’ve come through to finder.com.au we are an Australian financial comparison website and general information service.
As we may not be able to know your contract with the hire-a-car company, you’d be best to inquire if the $16.00 transaction fee was part of the contract you signed when you rented the vehicle. It could be that this $16 is their fee for providing the service with you that is why it was not refunded and they charged it straight away along with the $800.
Cheers,
May
EllyJuly 27, 2016
Ask for refund from the merchant to my debt card but give wrong card, it is same bank same account but different card, I still can get refund?
Finder
MayJuly 28, 2016Finder
Hi Elly,
Thanks for your question.
In order for you to get the refund smoothly and easily, you must provide your merchant with the correct credit card details. The information of the card you used when you first processed the payment.
Cheers,
May
StefJune 13, 2016
Hi, in relation to credit/debit card refund from an international merchant, if said account linked to the card used is blocked/frozen will the transaction still go through or will it need to be cleared ?
Thanks.
Finder
MayJune 14, 2016Finder
Hi Stef,
Thanks for your inquiry.
If your account is blocked/frozen but you’re still making payments for your remaining balance, it’s possible for a refund to go through because it’s currently active. The refund will reflect on your statement. However, if your card has been closed and no longer active, your debit/credit card company cannot accept merchant refunds and the transaction will only bounce back to the merchant. You’ll need to get in touch with the merchant to request an alternate form of payment for the refund.
Cheers,
May
KarenJanuary 2, 2015
Hi,
Regarding refund by credit card. If you have a receipt but no longer have the credit card it was made with can the goods be refunded to another with the same name. Is it a law to do this or depends on store policy. Thanks
Finder
ElizabethJanuary 5, 2015Finder
Hi Karen,
Thanks for your questions.
According to the ACCC website, it’s not legally required that the refund be issued on the same card, but different retailers will have different policies regarding this. If you explain the position you are in with the closed credit card account and have a different card through which they can process the refund you may be able to still receive the refund.
I hope this has helped.
Thanks,
Elizabeth
JohnDecember 2, 2014
By making a purchase with a credit card and then being issued with a refund of that item also on my credit card.
My question is — how long should this take for thew refund to be put back — given we live in a computer automated society now
Finder
ElizabethDecember 3, 2014Finder
Hi John,
Thanks for your question.
Processing times differ depending on the card issuer you receive the refund from and their processing times. It can be from a few days to a few weeks, but it would be best to confirm this with your card issuer.
I hope this has helped.
Thanks,
Elizabeth
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Recently we hired a vehicle and were required to make a deposit of $800 which was to be refunded on safe return of the vehicle. We were charged $16.00 transaction fee.
On return we received a credit of $800 but not the $16.00 transaction fee. Does the merchant receive a credit for the original transaction fee ($16.00) when they credited off our original $800??
Hi Rob,
Thanks for your inquiry. Please note you’ve come through to finder.com.au we are an Australian financial comparison website and general information service.
As we may not be able to know your contract with the hire-a-car company, you’d be best to inquire if the $16.00 transaction fee was part of the contract you signed when you rented the vehicle. It could be that this $16 is their fee for providing the service with you that is why it was not refunded and they charged it straight away along with the $800.
Cheers,
May
Ask for refund from the merchant to my debt card but give wrong card, it is same bank same account but different card, I still can get refund?
Hi Elly,
Thanks for your question.
In order for you to get the refund smoothly and easily, you must provide your merchant with the correct credit card details. The information of the card you used when you first processed the payment.
Cheers,
May
Hi, in relation to credit/debit card refund from an international merchant, if said account linked to the card used is blocked/frozen will the transaction still go through or will it need to be cleared ?
Thanks.
Hi Stef,
Thanks for your inquiry.
If your account is blocked/frozen but you’re still making payments for your remaining balance, it’s possible for a refund to go through because it’s currently active. The refund will reflect on your statement. However, if your card has been closed and no longer active, your debit/credit card company cannot accept merchant refunds and the transaction will only bounce back to the merchant. You’ll need to get in touch with the merchant to request an alternate form of payment for the refund.
Cheers,
May
Hi,
Regarding refund by credit card. If you have a receipt but no longer have the credit card it was made with can the goods be refunded to another with the same name. Is it a law to do this or depends on store policy. Thanks
Hi Karen,
Thanks for your questions.
According to the ACCC website, it’s not legally required that the refund be issued on the same card, but different retailers will have different policies regarding this. If you explain the position you are in with the closed credit card account and have a different card through which they can process the refund you may be able to still receive the refund.
I hope this has helped.
Thanks,
Elizabeth
By making a purchase with a credit card and then being issued with a refund of that item also on my credit card.
My question is — how long should this take for thew refund to be put back — given we live in a computer automated society now
Hi John,
Thanks for your question.
Processing times differ depending on the card issuer you receive the refund from and their processing times. It can be from a few days to a few weeks, but it would be best to confirm this with your card issuer.
I hope this has helped.
Thanks,
Elizabeth