If your credit card is stolen and unauthorized purchases are made on your account, you are liable for all losses if it is proved you were careless in losing the credit card.

Question

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Under the Fair Credit Billing Act, your liability for unauthorized charges on a credit card is limited to $50 per card, and many issuers offer zero liability policies, meaning you may not be responsible for any fraudulent charges if you report the card lost or stolen promptly.

If Your Credit Card Is Stolen and Unauthorized Purchases Are