In case you needed another reason to check credit card statements. Reports of a mysterious 25 cent fee are hitting card holders from a fake company out of New York. I always check my credit card statement and ask my wife if she was aware of any purchases before contacting American Express or Visa. It’s difficult to track some online retailers as they tend to do business all over the U.S., but please be sure to double check. You never want to give money away for free.
I was surprised to read in The Boston Globe article that the credit card issuers didn’t take action before the 25 cent fees hit accounts. I would imagine that a duplicate amount hitting millions of accounts for 25 cents would raise a red flag. Maybe 25 cents goes below the radar for major card companies like Amex or Visa. I recall receiving a call from fraud prevention at Amex last year as my card number was stolen and used in Korea. The amount was $260 and they tried to buy clothing. Amex was proactive and took measure to get me a new card within 48 hours.
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It’s very important to check ALL your financial statements every month. You are right: You never know what will slip in there.
@ Miranda
I just opened my free account with Mint.com for this very reason. It can track all transactions for CC cards and debit cards. It even has a cool app for the iphone
Now I have to find some extra passive income to justify buying an iphone. $70 a month plus $299 for the iphone.