Common Reasons to Dispute a Credit Card Charge

One of the primary benefits of shopping with a credit card is the protection you receive as a consumer.

At some point, you may realize that you need to dispute a credit card charge. This isn’t exciting by any means – as it will take some time and effort on your part – but it may be something you need to do nonetheless.

Thanks to the Fair Credit Billing Act, consumers are protected against credit card billing errors. As long as it’s a qualifying error, your liability is limited to $50. Most credit card issuers won’t hold you to this, but instead have a $0 liability policy.

Here are the most common reasons to dispute a credit card charge:

• Double billing for the same transaction
• Charges with an inaccurate dollar amount
• Charges with an inaccurate date
• Math errors, such as those associated with leaving a tip at a restaurant
• Failure to post a credit or payment
• Failure to deliver the bill to your current email or physical address

If you come across any type of error on your credit card statement, it’s important to take immediate action. Even if you don’t fully understand the process or what the end result will bring, you don’t want to sit back and hope for the best. You need to take action so that you can better understand your rights.

Start by contacting your credit card issuer and asking about the process of disputing a charge. This may be as simple as logging into your online account and providing some basic information regarding the transaction.

You hope that you never have to dispute a credit card charge, but this could come into play at some point. You have rights as a consumer, and you should do whatever it takes to protect them.

Have you ever disputed a credit card charge in the past? Did it work in your favor? Share your thoughts in the comment section below.