A credit card dispute is an option when you're dealing with a fraudulent charge or when a merchant doesn't fulfill their end of a transaction. If you need to dispute a credit card charge with Chase, here's how to do it.
The simplest way to dispute a credit card charge with Chase is by going online and following these steps:
The form will ask if you're disputing the full amount or a portion of it. It also has a series of questions about the reason for your dispute.
You can also dispute a credit card charge with Chase over the phone. If you prefer to talk to a representative about your dispute, you can call the number on the back of your Chase card.
There are three basic reasons for a credit card dispute: fraud, billing errors, and problems with a purchase.
If there's an unauthorized charge on your Chase statement, that's credit card fraud. Legally, you're liable for a maximum of $50 for unauthorized credit card charges. However, like just about every major credit card company, Chase offers zero liability protection. That means you're not responsible for any unauthorized charges on your Chase credit card account.
Fraudulent charges happen when someone has stolen your credit card information. To protect yourself, you'll also need to get a replacement card from Chase.
A billing error is a charge that was made incorrectly. Keep in mind that a merchant's name on your credit card statement may not always completely match the name of that merchant's store or site, so it's worth double-checking what the charge is before assuming it's an error. If you have been billed by mistake and the merchant won't reverse it, you can dispute the charge and Chase can do a chargeback.
You can dispute a credit card charge with Chase for problems with a product or service. Under the Fair Credit Billing Act, you are supposed to attempt to resolve the issue with the merchant first. If you can't reach a resolution, the next step is a dispute with your credit card issuer.
There's obviously a wide range of problems that could lead to disputing a credit card charge. Common examples include:
Before you start the dispute process, see if you can contact the merchant that made the charge. This is especially important if there's a problem with your purchase. You may be able to handle the entire situation without a dispute.
If you do end up needing to dispute the charge and it's a quality issue, gather any documents you have to support your claim. This can be receipts, invoices, correspondence with the merchant, and evidence for why the quality of the purchase wasn't what it should be.
Now, if you don't have much evidence, don't fret. You can often still win a dispute without it.
Once you dispute a transaction, it's essentially frozen, and you don't need to pay it while the dispute is ongoing. That's one of the big advantages of paying with credit cards. You're not out any money during a dispute like you would be after paying with a debit card.
Chase will investigate the charge and contact the merchant. A Chase representative may contact you if they need more information.
Chase handles most disputes within 30 to 60 days, but complex matters could require more time. After reaching a decision, Chase will send you a letter in the mail notifying you if you won or lost the dispute. Here's what happens in each case:
The Fair Credit Billing Act stipulates that consumers have the right to dispute charges made within the previous 60 days. This is one area where card issuers will often go above and beyond, allowing you to dispute charges even after those 60 days have passed. Of course, it's wise to file your dispute as soon as possible to ensure your card issuer accepts it.
Generally speaking, if you have a legitimate reason for your dispute, the odds are in your favor. There's obviously no guarantee of a successful dispute -- for example, if you bought something as-is with a merchant that has an "all sales are final" policy, you could be out of luck. But Chase will do its best to get your money back when there's a valid reason.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The Motley Fool has a Disclosure Policy. The Author and/or The Motley Fool may have an interest in companies mentioned.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2021 The Ascent. All rights reserved.