If you notify the card issuer within two days of a loss or theft,you are not legally responsible for any fraudulent usage of the card.

Question

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According to the Fair Credit Billing Act (FCBA), if you report a lost or stolen credit card to the issuer within two business days, your liability for fraudulent charges is limited to $50. However, if you wait longer than two days to report it, your liability can increase up to $500.

If You Notify the Card Issuer Within Two Days of a Loss