The owner of a stolen credit card is liable for all charges on the card even if he/she notifies the credit card company of the theft before any unauthorized use of the card is made.

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The owner of a stolen credit card is not liable for all charges on the card if they notify the credit card company of the theft before any unauthorized use of the card is made. The maximum liability for unauthorized charges on a credit card is $50, and most credit card issuers waive this fee altogether.

The Owner of a Stolen Credit Card Is Liable for All