you will lose the said points

Originally posted by N0t_a_Pr1ority:

If I buy a game, I get steam points, right? Ok. But what if I buy it and request a refund? Will I still have my steam points from the game I bought? If yes, isn't it a way I can farm them infinitely??

1) You will lose the points if you refund the purchase.
2) Valve can and will revoke your ability for refund if you abuse it.

Example Every $1 spent = 100 Steam points earn. Spend $10 get 1000 Steam points.

You buy game for $10 you get 1000 Steam points. You refund the game, the SYSTEM deducts 1000 Steam points = $10 refunded.

The system will automatically refund the newest redeem items you have until you have ENOUGH to cover for the deduction for the refunded product. So let say you have 1100 points total, you got 100 from $1 game you bought with $10 game, you decide to redeem emote for 100 points, remaining 1000 points, you decided refund the $10 game, so the system deducts 1000 points, you don't lose your emote because you have 1000 points to cover the deduction in the 1st place, but let say you didn't buy that $1 game, so only had 1000 points, you used 100 points get to emote remaining 900 points left, when refund the $10 game, it refunds your emote to bring back to 1000 points remaining to cover the deduction of 1000 points, that how it works.

Hope this is clear enough.

What happens to my Steam Points when I refund a game?

When you refund a game, the points you gained from that purchase will be deducted from your account. If that causes your Points balance to go negative, we'll also remove the most recent items and Community Awards (and related tips) you've used points for, until your balance is no longer negative.