Multiple choice general knowledge

Which of these is an example of a chargeback?

  1. You call your credit card bank and tell them that they charged you an invalid late fee, and they remove the fee.

  2. You write a letter to your credit card bank and tell them that you were charged for something you didn't buy, and they credit your account.

  3. You buy something at a local store with your credit card, but decide to return it later that day, and the merchant credits your account.

  4. I don't know!
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A chargeback is when you successfully dispute a charge (typically for fraud or goods not received) and your card issuer credits your account after investigation. It's different from fee removals or merchant returns - it's specifically a disputed transaction reversal.

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