First World Problem About Holiday Refund

[BikeRunSki]

We saved up for a holiday over a few years, for our 20th weeding anniversary and booked a trip to Iceland. The holiday cost £4500 and we paid for it on a credit card, which we paid of from savings.

The holiday has cancelled and as now been refunded in full (thank yo Trailfinders) and DH now has this as £4500 surplus on his credit card. He can't transfer it to his bank account, but equally doesn't really it wanting sitting on his credit card for months and months until we are in a position to book to go away again.

Is there anything we can do to put our savings back into savings, or ringfence them in anyway? We're not planning any huge purchases in the near future!

I was wondering if we could buy premium bonds on the credit card, then cash them in when booked a holiday again? Would that be possible?

I had the same issue and just called the credit card company and they transferred it to my bank account

That's interesting @Mirroxx, which company? DH is adamant that his credit card won't do that. It's Barclaycard.

Has he even tried? Barclaycard wont want him to sit with a credit balance.

www.barclaycard.co.uk/personal/customer/credit-balance-refunds

Probably not! I get on to him again, good point about them not wanting him to sit on credit balance.

He needs to call and ask them to carry out a credit balance transfer back to his debit account. They will do it.

See the link for what to do

Oh and I work for a credit card company (not Barclays). If you don’t have a direct debit set up he will have to send them a copy of his bank statement showing his name / acc nr / sortcode

Barclaycard transferred a surplus back to my bank account with no problem, just a quick phone call.

I have down it with both Halifax and Sainsburys

Brilliant, thank you all. I suspect that DH is being a little bit CBA about this.

He doesn't even need to phone. He can request it online