Watch out for Incorrect Credit Card Transactions

A few weeks ago I visited Florida for my friend’s wedding. When my credit card statement arrived, I discovered 2 transactions where the total amount was falsely changed to a higher amount. One was a shuttle service from the airport to the hotel; the other was a bar receipt for a drink. Both had added “additional” tip money. The credit card company eventually reviewed both cases and reversed the incorrect charges.

I’m not sure if this anecdotal story translates into a trend, but this is the 3rd time in 2009. Another fraudulent charge was made by a nearby restaurant.

So, this is just a reminder to carefully review your transactions this holiday season when the number of transactions may be higher. Pay special attention to retail establishments where a “tip” line means service personnel amends the initial total amount. This will save you money and prevent fraud.

Happy Holidays and Happy New Year.

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