While I am not alone in finding the mysterious $5 charge from Team Fan Shop-FRG on my recent update from Chase Bank VISA, I have learned that it's merely a "test-charge" and a precursor to many more unexplained problems. If I had simply ignored it or was unaware, the hacker/thief who stole my credit card information would be selling my card all over the world (with many others) to the highest bidder. Apparently, the $5 charge is used to buy a gift certificate in an on line store, but the hacker/thief doesn't care about the certificate, which is quickly voided, because the real money is in the selling of my card info.
I don't know how my information was stolen, but I am thankful that Chase Bank's Fraud unit was on top of it. As for the Team Fan Shop-FRG, I know they are not the thieves: they make and sell t-shirts for sporting events and the NFL & NBA stores.
After canceling my card and speaking with the Chase and the Team Fan Shop, I contacted Experian and Equifax to put a freeze or monitoring on my credit. The real pain of this little problem is not knowing how much real information was a stolen, because it could be far worse than $5 if cards were opened, car loans made, and other things bought in my name (without my authorization).
