What should I know about credit card fraud liability?
Credit card fraud liability refers to the responsibility you have for unauthorized charges on your card. It varies by card issuer.
How much am I liable for if my card is used fraudulently?
Under U.S. law, if you report the loss before any charges are made, you're not liable. If you report it after, your liability can be up to $50.
What steps should I take if I notice fraudulent charges?
Immediately contact your card issuer to report the fraud, review your account statements, and consider placing a fraud alert on your credit report.
Are there any protections I should be aware of?
Yes, many credit cards offer zero liability policies, meaning you won't be responsible for unauthorized charges if reported promptly.
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