What Risks Am I Exposed To On Losing My Credit Card

May 5th, 2010 by rupeetalk.com

- Once you inform the credit card company of the loss of your card, you will not be billed for the purchases made on your card thereafter. Then the liability of any purchases made on your card will lie with the company.
- But you will be billed for any purchases made fraudulently on your card before you report its loss to the company.
- Hence, it is very important you notify the respective department of the credit card-issuing institution about the loss of your card and make a note of the time, date and person you notified to. (As this would be the evidence on your part that you notified the company of the loss of your credit card.)
Published on May 5, 2010 · Filed under: Credit Card FAQs; Tagged as: Credit card, credit card fraud, credit card problems, Credit Card Tips
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