Form FT 505 11111Government Entity Credit Card Refund or Credit Electionft505 1 State
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People also ask
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Can a credit card company ask for your tax return?
Card issuers sometimes ask you to verify your income, which you may be able to do by submitting copies of income-related documents, such as a tax return or pay stub.
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Where does credit balance refund debit go?
Refund will be to the payment source; the payment is expected to have been initiated by the client and source will be the client bank Account or client bank Card.
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Does a credit balance refund affect credit score?
Credit card refunds don't directly impact your credit score, but if you receive a credit that signNowly reduces your credit utilization rate to under 30%, it could boost your score.
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What is a credit balance refund on a bank statement?
To initiate the process of Credit Card refund after payment, the customer needs to contact the merchant. You need to go through the merchant's return and refund policy. After the merchant initiates the refund, it may take around 5-10 business days for it to be reflected in your Credit Card statement.
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Why did my credit card company return my payment?
The most common reason is the money is not in your account to cover the payment. It is unusual for a credit card company, usually a bank or credit union, not to credit the amount of a payment to your account unless the check you wrote did not clear your bank account.
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What is a credit balance refund on my credit card?
Some credit card companies automatically issue a refund check back to the cardmember for the negative balance (overpaid) amount, which will then bring your credit card balance to zero.
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Why am I getting a credit balance refund?
Usually, this means that some portion of your credit card balance will have been credited back to you, perhaps due to a reversed charge, of because of cashback or other rewards.
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