Posted by: bittertruth January 15, 2012
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Every credit card has a protection plan,
which means if you report lost/stolen card, any charges made thereafter should not cause much problem, because there you will have no liability.
But if you report it as lost/stolen card after several days of all the fradulent/unauthorized charges that have been made, you may be asked to pay certain limited liability fee of like only $50-$100. And the charges will be reverted back.
But, if the perpetrator is busted and put a blame on you that on your consent he used your card, you'll be counter-charged, jailed and never be issued any credit card at all. Basically, by then you'll be screwed up big time.
So, think and decide wisely. I won't say do this and that.
which means if you report lost/stolen card, any charges made thereafter should not cause much problem, because there you will have no liability.
But if you report it as lost/stolen card after several days of all the fradulent/unauthorized charges that have been made, you may be asked to pay certain limited liability fee of like only $50-$100. And the charges will be reverted back.
But, if the perpetrator is busted and put a blame on you that on your consent he used your card, you'll be counter-charged, jailed and never be issued any credit card at all. Basically, by then you'll be screwed up big time.
So, think and decide wisely. I won't say do this and that.