Understanding $0.01 Charges on Your Credit Card: What You Need to Know

Discover why a $0.01 charge appears on your credit card, and what to do about it.

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A $0.01 charge on your credit card is often a test charge. Companies or payment processors use this small amount to verify the card's validity and confirm that it’s active. These charges usually disappear or are refunded within a few days. Monitor your account to ensure the charge is removed and report any unexpected transactions to your credit card provider to protect against fraud.

FAQs & Answers

  1. What should I do if I see an unfamiliar charge on my credit card? Contact your credit card provider immediately to report the issue and investigate the charge.
  2. How long do test charges usually last on my account? Test charges typically disappear or are refunded within a few days.
  3. Are test charges common when I sign up for new services? Yes, many companies use test charges as a way to verify your card's validity.

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