BillGuard on iOS protects credit card users from 'grey charges'

Finance protection company BillGuard has announced the launch of its iPhone app, which now offers a tool for users to constantly keep tabs on their credit card accounts and monitor “grey charges,” purchases that may have been authorized but then forgotten about.

The free iOS app will push alerts to users when a new grey charge is discovered, and allows users to either verify the purchase as legitimate or receive help in disputing the charge. These grey charges may come in the form of free trials that became paid subscriptions, unwanted automatic renewals or misleading advertisements, as just a few examples.

BillGuard’s first annual 2013 Industry Report on Grey Charges has found that Americans spend $14.3