Response straight from apple support 🙂 also checked with my bank.
Dear Mir****,
Thank you for contacting iTunes Store Customer Support. My name is ******
and it's my pleasure to assist you today. I understand that you are
seeing an unrecognized charge on your account. I'll be glad to sort
this out for you.
I checked your iTunes account and it appears that this amount is only an
authorization hold. When you update your billing information, the iTunes
Store will place an authorization hold on your credit card to verify your
account information. You might see this authorization request on your
online statement. This is not an actual charge, it is simply a test to
confirm that your credit card account is active and has credit available to
accommodate transactions.
Authorization requests are automatically removed from your account by your
financial institution. The amount of time it takes to remove authorization
requests varies by financial institution. If you have any questions about
the way your financial institution handles authorization requests, please
contact their customer service department.
For more information on this topic, visit:
iTunes Store & Mac App Store: About payment card authorization holds
http://support.apple.com/kb/HT3702
HAPPY DAYS LOL