If Someone Else Does End Up Using My Credit Card No, Whats Next?

[Konni]

So If i notice on my monthly credit card statement that a obtain has been made on my credit card that I didnt make, would the authorities or the bank reimburse me for the funds I lost or would they say "as well bad, it happens, or be cautious in the future". And is it not straightforward to catch the crook if they use my card for on-line banking because the shipping address would lead the cops to them? Are there laws or procedures in US that help folks who are victims of credit card fraud?

[Telfor]

I am guessing this credit card is not issued by Citibank ?    They have online dispute resolution.  I've only disputed a few charges on my chase card although  when someone did use my citibank card after i lost it  I was able to contact their security dept after an automated system picked up the fraudulent usage.  I had to sign an afadavit stating that i did not recieve any proceeds from the charges made.   I also have read that banks can charge it off when they're used fraudulenty.  There is the $50 maximum that you are liable for with credit cards which they probably bill you if it cannot be charged off.  One reason i dont use debt cards, that is the same as walking around with your entire checking account in your wallet. Sources: bankrate.com Lychnobite 48 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Buach]

Your limit of liability is $50 and might be $0 If someone else charged something on your credit card, call the credit card company and report it.  Federal law limits your liability for unauthorized charges to a maximum of $50.00.  However, most credit card companies will not even impose this and won't charge you anything.  Depending on the card company you may have to file a written note, but that should be it.   PaulR 48 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Adamko]

And, yes, after that, it's your problem. If you card or number is stolen, the thief will almost always rack up much more than $50 in a rush to drain the thing before it's noticed and canceled. And the crook is usually not caught unless God were to intervene and cause the guy to be caught with the thing on him for some unrelated reason(usually outstanding warrants.) EVERYONE is saying to be careful with credit cards. I only have one that's not a debit card, and I only activated the thing yesterday. I don't use credit cards, and I don't want them, and I manage quite well without them. They are a very expensive "convenience."

[delron]

   They have online dispute resolution.  I've only disputed a few charges on my chase card although  when someone did use my citibank card after i lost it  I was able to contact their security dept after an automated system picked up the fraudulent usage.  I had to sign an afadavit stating that i did not recieve any proceeds from the charges made.   I also have read that banks can charge it off when they're used fraudulenty.  There is the $50 maximum that you are liable for with credit cards which they probably bill you if it cannot be charged off.  One reason i dont use debt cards, that is the same as walking around with your entire checking account in your wallet.

[Stillman]

I think you are responsible for the first $50 and the rest is on the credit card company, but most companies may not charge you even that.And yes, there are plenty of laws against fraudulent use of credit cards and against identity theft.If indeed you have lost your credit card or found a charge you completely cannot recall authirizing, it's best to contact your credit card company immediately. they do have 24-hour service for lost cards an fraud issues.