Credit cards have introduced us to new and innovative ways can handle and manage our finances, but they can also cause you to worry, especially if you locate an unrecognizable charge on your account.
Last week my mother saw that she had a Dosh Holdings LLC Charge on her Credit Card statement, but she had no idea what it meant and how she had incurred the charge. While she does use the app, she couldn’t find out how or why she obtained the charge.
When I searched about the issue, I found out there are frequent cases where other users have also found the same charge on their credit card statements but have no idea where and how it came from.
In today’s article, I have explained what the Dosh Holdings LLC charge on a credit card is, and what you can do to avoid it.
What is Dosh Holdings LLC?
Dosh is a free cash-back app that finds users money for shopping, dining out, and pumping gas at thousands of merchants & brands nationwide.
You are essentially getting paid back for paying for goods and services.
The earned money is stored in the Dosh wallet, and when your amount reaches $15 you can send it to your bank account using PayPal or Venmo.
The main motto of the app is “Cash back, automatically. It’s not points. It’s not coupons. Just cold, hard cash.”
Also, read What is BCL Media LLC Charge on Credit Card | Know!
Why Do I See the Dosh Holdings LLC Charge on my Credit Card Statement?
One of the most common reasons you might be seeing the Dosh Holdings LLC charge is that you have recently added your credit card to the Dosh app, and the application charges a small amount on your card to legitimize your card, the money is credited to your account after a few days.
If you don’t recall the purchase, which is very common, I suggest you look at the date of the charge on your credit card, and check it with your schedule.
If you have authorized other users to use your card, check with them whether they have added your card to the Dosh app.
A bunch of popular stores work with Dosh, some of the most popular examples are:
- Jack in the Box
- Sam’s Club
- Dunkin’
- Pizzahut
- Sephora
- Payless.
What to do if the Charge is Unauthorized?
you should contact your bank or the credit card issuer to report the unauthorized transaction. I suggest you also cancel payments from your credit card in the meantime.
Since most banks or credit card companies have dedicated fraud departments, they will be ready to assist you with your issue. All you have to do is inform them about the transaction and give details like time, date, and the amount paid to them.
Once they have the necessary details, they will help you through the corrective measures and steps you have to take to dispute the charge and may even initiate an investigation.
You must inform your bank as soon as possible since it can prevent any unauthorized transactions in the present as well as in the future. The bank will take the necessary steps to stop the company from charging any money from you along with taking necessary steps to stop Brainstrouts from making any illegal or fraudulent transactions.
The unauthorized charge on your credit card statement can be stressful, but you must remain proactive to avoid these mishaps in the future.
Also, read What is HKL LLC Charge on Credit Card | Know the Answer!
Conclusion
That brings us to the end of the article. I hope this article helped you to learn what Dosh Holding LLC charge means on your credit card bill, why are you seeing the charge on your statement, and what necessary steps you can take if you feel the charge isn’t authorized.
Dosh Holdings LLC only charges you a small amount when you initially link the Debit/credit card to the app to legitimize your credit/debit card. If your account is inactive for 12 months or longer, Dosh will deduct a service charge of $4.99 a month from your account. This amount is only deducted from your Dosh wallet and not your linked credit or debit cards, so, you shouldn’t see that charge on your account.
If you see an unauthorized charge in their name, you should immediately inform your bank or credit card issuer, and they can start the dispute process on your behalf.
Nyra handles business research, writing financial documents, news items, articles, and study materials about finances.