Use Your Credit Card To Protect Your Purchases

Worried about making a purchase online? What if an order never arrives? Or a company goes out of business? If you paid with your credit card, you can use an option available to you called chargeback.

Chargebacks are a reversal of a disputed charge on your credit card. You should first try to resolve the issue with the retailer or service provider. If this does not satisfy your complaint, you next option is to call the phone number on the back of your credit card and give them the detailed reason for your dispute. The bank will investigate your claim and, if the compliant is valid, will refund the amount from your statement. Charge backs provide a form of purchase insurance, which might ease some of the concerns people have about ordering items online.

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Written by Tom Drake

Tom Drake is the owner and head writer of Canadian Finance Blog. While you’re here, consider signing up for the RSS feed or email subscription. Both deliver the latest articles directly to you everyday! Have a Twitter account? Then follow me for all the latest posts or to send me any comments or questions!

3 Responses to Use Your Credit Card To Protect Your Purchases
  1. [...] Drake presents Use Your Credit Card To Protect Your Purchases | The Canadian Finance Blog posted at The Canadian Finance Blog, saying, “Worried about making a purchase online? What if [...]

  2. Chargebacks work and if you are using a credit card, you are usually covered for fraud.
    .-= Jane´s last blog ..Find A Person By Phone Number =-.

  3. Self employemnt people should also be insured well in health sector because their health is also vital as other’s are.Your post is really showing importance of health insurance for self employed people.

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