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I'll also add that February is the worst month for chargebacks, for multiple reasons.
It's 2-3 days short of a full months transaction cycle for new signups.
It's the month where everyone sees the last of the holiday charges come through and people do get the "holiday hangover" where they start to look for everything they can find to reduce their card debt.
It's also the first month in which most people work on their income taxes in the US. W-2s and 1099s must be mailed by January 31, and most employers wait until the last possible minute to send them out. Getting all the receipts etc together for taxes causes people to all the sudden realize they've been billed for this or that, and when they call their banks for chargebacks, multiple months end up being charged back more than usual.
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