Infographic: Are you responsible for unauthorized charges if your charge card is stolen?
Infographic: 2020 has been a banner year for startups. Go figure.
Lowdown on charge card liabilityCredit and debit cards make holiday shopping convenient. However, the more you use your cards - in person and online - the more likely they or their numbers will be stolen. Fortunately, your liability is limited in most cases.
$0 - if your card number is stolen OR if your card is stolen and you report the loss to the issuer before unauthorized charges appear$50 - if you report a stolen card after unauthorized charges appear
$0 - if your card number is stolen and you report it after unauthorized charges appear* OR if your card is stolen and you report it before unauthorized charges appear$50-$500 - if you report the stolen credit card after unauthorized charges appear, but before 60 calendar days after the card statement has been issuedAll unauthorized charges - if you report the stolen card more than 60 days after the card was issued*Generally, cardholders must report unauthorized debit card charges before 60 calendar days after the card statement has been sent. NOTE - that many card issuers offer fraud protection that may cancel your liability (if applicable). Issuers may also use their discretion to reduce or eliminate liability.