Why do I see a charge from Quicken for $1.00? (2024)

†Discounts are calculated based on the annual price. The final price may differ from the monthly discounted price multiplied by 12 months. All offers are for the first year only when you order directly from Quicken by October 11, 2023, 11:59 PT. Offer good for new memberships only. Subscription billed annually. Offers listed above cannot be combined with any other offers. Offer does not apply to Quicken Starter. Upon the end of your membership term, the subscription will automatically renew at the then-current rates, unless you or we terminate this agreement.

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  1. Purchase entitles you to Quicken for the term of your membership (depending upon length of membership purchased), starting at purchase. Full payment is charged to your card immediately. At the end of the membership period, membership will automatically renew every year and you will be charged the then-current price (prices subject to change). You may cancel before renewal date. For full details, consult the Quicken Membership Agreement. You can manage your subscription at your My Account page.

If you are redeeming the free Quicken Starter product through the purchase of TurboTax, and you are currently in an active Quicken subscription and not within 6 months of your renewal date, you will have to return to this page within 6 months of renewal in order to redeem. Additionally, note that if you are currently subscribed to Quicken Deluxe, Quicken Premier or Quicken Home & Business, by redeeming the free Quicken Starter product, you will lose some of the features that are associated with your current higher-tiered product.

Quicken for Windows imports data from Quicken for Windows 2010 or newer, Microsoft Money 2008 and 2009 (for Deluxe and higher). Quicken for Mac imports data from Quicken for Windows 2010 or newer, Quicken for Mac 2015 or newer, Quicken for Mac 2007, Quicken Essentials for Mac, Banktivity.

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Illustrations © Adam Simpson. All rights reserved.

© 2023 Quicken Inc. All rights reserved. Quicken is a registered trademark of Intuit Inc., used under license.

As an avid financial technology enthusiast with a profound understanding of personal finance software, I've delved into the intricacies of various platforms, including the highly acclaimed Quicken by Rocket Mortgage, LLC. My expertise extends from the fundamental features to the nuanced details, allowing me to provide valuable insights into the components mentioned in the provided article.

Let's dissect the key concepts embedded in the text:

  1. Discount Calculation Methodology: The article introduces the concept of discounts based on the annual price, emphasizing that the final price may vary from the monthly discounted price multiplied by 12 months. This pricing strategy is common in subscription-based services and is a crucial aspect for users to understand the cost implications over an extended period.

  2. Offer Terms and Conditions: The text outlines specific terms for the offers, emphasizing that they are applicable for the first year only and must be availed of by a specified date—October 11, 2023, 11:59 PT. This time-sensitive nature is a marketing tactic often employed to prompt quicker decisions from potential customers.

  3. Subscription Renewal and Termination: A critical aspect of the subscription model is highlighted—the automatic renewal at current rates unless the user or the provider terminates the agreement. Understanding this automatic renewal clause is vital for users to avoid unexpected charges and manage their subscription effectively.

  4. Trademark Acknowledgments: The article includes trademark acknowledgments for various entities, such as Quicken, Rocket Mortgage, LLC, Apple Inc., Google Inc., and others. Trademark acknowledgments serve to establish legal recognition and adherence to intellectual property rights.

  5. Compatibility and Features of Quicken App: Information regarding the compatibility of the Quicken app with different devices (iPad, iPhone, iPod Touch, Android phones, and tablets) is provided. Additionally, it notes that not all Quicken desktop features are available in the app, emphasizing the importance of choosing the right platform based on user preferences and needs.

  6. Data Import and Software Versions: Users are informed about the compatibility of Quicken for Windows and Quicken for Mac, detailing the versions from which data can be imported. This ensures users can seamlessly transition their financial data from previous versions or other software.

  7. Money-Back Guarantee: Quicken offers a 30-day money-back guarantee, allowing users to return the product within 30 days of purchase for a full refund. This guarantee serves as a testament to the confidence Quicken has in its product and provides a safety net for users who may be dissatisfied.

  8. Geographical Limitations: It is mentioned that Quicken for Mac software and the Quicken App are not designed to function outside the U.S. This limitation is crucial for users outside the U.S. to consider when evaluating the software's suitability for their needs.

  9. Credit Scoring and Third-Party Considerations: The article touches on the credit scoring model used by VantageScore Solutions, LLC, and highlights the existence of various credit scores and models in the marketplace. It also emphasizes that third parties may use different criteria beyond credit scores for evaluation, such as income.

  10. Additional Features and Trademarks: Various additional features, such as portfolio tracking and free Dropbox storage, are mentioned. The text also includes trademark acknowledgments for Equifax, Inc. and other respective owners, underlining the collaborative nature of the financial ecosystem.

  11. Illustration Credits and Copyright: Credits for illustrations are provided to Adam Simpson, reinforcing transparency and attributing creative contributions. The copyright notice further establishes the proprietary rights of Quicken Inc. over their content.

In conclusion, my in-depth knowledge of personal finance software allows me to navigate and explain the intricate details of the Quicken article, providing valuable insights for users considering this financial tool.

Why do I see a charge from Quicken for $1.00? (2024)


Why do I see a charge from Quicken for $1.00? ›

This charge is a verification of the credit card on file with your Quicken.com account. Quicken will perform a pre-authorization transaction to ensure the credit card on your account is up-to-date, so your subscription can be easily renewed. This typically happens within 15 days of your subscription renewal date.

What is the $1 authorization charge? ›

This $1 charge is actually just a pre-authorization that payment processors use to check that sufficient funds are available. The charge is immediately canceled once this is verified. The bank may still show the charge for up to 7 days.

Why did I get a random $1 charge on my debit card? ›

This is just a test transaction to make sure the card is valid and active.

What is a $1 pending charge on a credit card? ›

A customer may see a $1 pending charge on their bank statement as part of the card authorization process. This is a temporary authorization charge and it will disappear from their statement.

What is the $1 on a credit card? ›

Those funny little $1 charges that keep popping up on your credit card account are usually nothing to worry about. They should disappear before you're required to make a payment. Just be sure not to ignore any unauthorised $1 costs that stick around. Those could indicate a problem.

Why am I getting charged $1 dollar from Apple? ›

A $0 or $1 (U.S.) charge on your bill indicates a temporary authorization request was sent to your card issuer to ensure that your card is valid. The charge should be removed from your account automatically by your bank, usually within 14 days.

What is the $1 charge on Amazon Prime? ›

What is this $1.00 charge on my statement? When you place your first order with us, we may contact your credit card's issuing bank to confirm that your credit card is a valid number, and has not been reported as lost or stolen. This request is communicated as a $1.00 authorization.

Why am I being charged $1.00 from Google? ›

If you just created a Google Pay account to make your first purchase or added a new card to your Google Pay account, you may see a $1 charge. This is to make sure your card is valid. It'll be removed and you won't be charged.

Why was my card charged for something I didn't buy? ›

Unauthorized charges on your bank statement are among the clearest warning signs of debit card fraud — and even identity theft. With enough of your personally identifiable information (PII), criminals can gain access to your debit account, open new accounts in your name, and drain your savings account.

Why did my card get charged for something I didn't buy? ›

Unauthorized charges.

But unauthorized charges might be a sign of identity theft. Go to IdentityTheft.gov to learn what to do right away if you suspect identity theft. However, if you don't also dispute a billing error, the issuer does not need to follow the dispute process.

What is a $0 dollar charge on a debit card? ›

The Zero Dollar Verification Fee

When you verify cardholder information without charging a card, this fee will apply. This fee is preferable to the Misuse of Authorization Fee, which you would be charged if you verified the cardholder's data by authorizing a small charge on the card.

What is a small random charge on a credit card? ›

Contact your bank right away. To limit your liability, it is important to notify the bank promptly upon discovering any unauthorized charge(s). You may notify the bank in person, by telephone, or in writing.

How do I find out who charged my credit card? ›

Go online and try searching the merchant name exactly how it's recorded in your statement to see if you can identify who they are. This can help if the merchant name is abbreviated or if they're using the name of their parent company.

Should I leave a $1 balance on my credit card? ›

Carrying a balance on your credit card from month to month doesn't benefit your credit score. If you can, you should pay off your credit card in full every month. Not only it doesn't help your credit score, but leaving a balance costs you money in the form of interest.

What is the goat $1 charge? ›

This is a temporary authorization hold to verify your payment method that will be reversed automatically, typically within 5-7 business days.

What is the $1 charge on Silhouette America? ›

Pre-authorization Charge

A pre-authorization of $1.00 is assessed whenever a new credit card is added or updated. This does not indicate any actual charge was made to your card. This is only a pre-authorization that is held temporarily. It is performed to help confirm the validity of the credit card.

Why is there an authorization charge? ›

An authorization hold is a temporary hold placed on a portion of the funds or available credit in a cardholder's account. This is usually done because the final total of a transaction is unknown at the time authorization is requested, such as at hotels or gas pumps.

How do I get rid of pre authorization charges? ›

How can I stop a preauthorized debit from being paid from my checking account?
  1. contact the merchant in writing and revoke your authorization to charge your account;
  2. keep a copy of your notice revoking authorization to charge or obtain a cancellation number; and.

Why do I have a pre authorization charge? ›

A pre authorization charge, or pre auth, is a temporary hold placed on a customer's credit card by a merchant for certain transactions. It ensures that the customer has sufficient funds available to cover the requested amount without immediately debiting their account.

What is an authorization charge on a credit card? ›

A pre-authorization charge, also known as a pre-auth or authorization hold, is a temporary hold placed on a customer's payment card. It's used to verify that the account is valid and has sufficient funds to cover a pending transaction, without actually debiting the cardholder's account upfront.

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