Hello, apologies if the title is complicated. Let’s get into it the small print.
With my life-style I’ll discover myself reserving accommodations and splitting the associated fee with my pals. Up to now the best way I did it was I would pay for the room upfront utilizing my debit card and go for a free cancelation coverage. Here is an instance that’s much like what occurred lately.
Let’s fake the resort room is 100 {dollars}, I cut up it with my 1 good friend so I pay 50 and so they pay 50. They ship me the 50 and I purchase the room with my debit card. Ideally we go, but when for some purpose we have to cancel I exploit the free cancelation coverage, I get the cash again and ship my good friend again their 50 {dollars} and every little thing is settled. This is sensible to me.
Lately although, I’ve began getting and utilizing bank cards. They’re fairly good and I just like the factors I get from them, and I would like to start out sooner or later shopping for these resort rooms with the bank card to get the factors/advantages no matter. However this is the place I get thrown off and confused.
As an example I’ve the identical monetary plan as earlier than, 50 {dollars} from each events to purchase a 100 greenback room. Proper now it is march, and I am shopping for a room to make use of approach over in October of this yr. I would purchase the room with my bank card which has a $300 restrict, and possibly later this month I purchase a chocolate bar or one thing. I repay my bank card invoice on the finish of the month with my pals cash and my very own cash, and within the later months I exploit my card to purchase different issues unrelated to this.
Now let’s quick ahead to July, and for the sake of instance let’s imagine I purchase an especially fancy Hershey’s chocolate bar for $200 with my bank card. Then a couple of days later for some purpose my good friend and I must cancel our October journey. Right here is the place I get tripped up. I name the reserving firm and efficiently cancel and get a refund for the room which will get deposited again to my authentic type of fee, my bank card. However as a result of it is going again to my bank card, I haven’t got this cash, the $100 both went in direction of paying off half of my costly $200 chocolate bar that I purchased in July or it went in direction of paying off the assertion for regardless of the hell I purchased in June. I haven’t got the $50 {dollars} I would owe my good friend to pay him again from that refund, and I would must dip into my financial savings to pay them again. This appears worse then what I used to be doing with my debit card.
I really feel like I am lacking one thing right here that may make this work however I do not know what. What do different folks do to make this work? Id like to have the ability to get my factors and whatnot with my card.