This might sound extreme, and for sure, it’s inconvenient, especially if you have recurring charges set up with a particular merchant, or if you use the credit card for daily purchases.īilling errors come in all shapes and sizes. When you call to report the fraudulent charge, they will most likely cancel your card immediately and send you a new one with a different number. Remember that credit card companies take fraud very seriously. (Yes, another potential dispute you might need to make.) For example, if the fraudster maxed out your credit card, you will be blocked from making additional purchases using that card.įurther, your higher credit usage or what they call “credit utilization” might be reported to the credit bureaus, affecting your credit score. The faster you act, the sooner you will avoid even bigger credit issues. You would obviously want to dispute this immediately (go right to Step #3 below under Exact Scripts: How to dispute your credit card charge). There are generally three types of charges that you can dispute on a credit card: But, here and there, companies get sneaky - and you have tools to fight back when needed. The more we become accustomed to shopping and buying online, the stronger we think we get. When we knowingly buy a certain product or service, we may skip the Terms of Services - and unknowingly agree to certain stipulations (think early termination fees, the requirement to give 60 days notice to cancel, and the like). These charges can quickly add up, and it’s never a bad idea to consider the ammunition we have in the event we need to question a charge that just doesn’t look right. Let’s face it: We’re online more and more, which also means that we’re most likely shopping more, which means we’re using our credit cards more than we ever thought. What does it mean to dispute a credit card charge?ĭisputing a credit card charge means that you want to question a charge on your bill. Let’s have a closer look at disputing credit card charges and what rights you have as a consumer. This is because credit card companies want to keep you as a customer, and they will do whatever they can to keep you charging. One of the best things about using a credit card is your ability to dispute charges. Getting charged for something we didn’t pay for sucks.Īs Ramit, our founder and ultimate money man points out, your credit card can either be one of the coolest parts of your personal finances or the absolute worst.
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