Once consumers report the theft or loss, they will avoid
liability for unauthorized charges and pursuant to federal law will only be responsible for a sum not exceeding $ 50.
The most you will have to
pay for unauthorized charges is $ 50 on each card — even if someone runs up several hundred dollars worth of charges before you report a card missing.
You'll get zero
liability for unauthorized charges, Chip + Signature technology and mobile banking — all of which help protect you against fraudulent charges and identity theft.
To make you feel more secure and protected, this card also includes a $ 0 Fraud Liability Protection, so if your card is ever lost or stolen, you will not be held responsible
for any unauthorized charges from your card.
With a credit card, you typically won't be liable
for any unauthorized charges after it is lost or stolen - no matter the amount or how long it has been since the charges were made (although some credit card companies may charge a small flat fee).
«If you have already responded to this type of call, review all of your statements such as those from your bank, credit card lender, or telephone
company for unauthorized charges.
Citi Diamond Preferred Credit Card 4.7 Review Updated: December 20, 2017Author: Credit Card Review Team COMPARE Using Our Free Credit Card Comparison Tool Card DetailsAccess to your FICO scoreChip technology APR12.24 % — 22.24 % Penalty APR: 29.99 % Special OffersCiti concierge servicesCiti private passCiti identity theft solutions and zero liability
for unauthorized charges Founded in 1812, Citibank is a multinational -LSB-...]
Credit card processing giant Visa is pushing back against allegations that it is to
blame for unauthorized charges reported by a growing number of Coinbase customers in recent days.
Coinbase, meanwhile, just recently faced a similarly sensitive situation in which it blamed a tech glitch at
Visa for unauthorized charges that the exchange has vowed to reverse.
If you use your debit card at a restaurant and the waiter adds an extra zero to the tip amount or swipes your card twice, the protection could help you when you are trying to get
reimbursed for the unauthorized charge.
In other words, if you're a merchant and you don't see any reason to use anything for card processing beyond a 10 - year old magnetic stripe reader hooked up to your 8 - year Point - of - Sale PC, as long as you're willing to bear the (hypothetical, potential) risk of
liability for unauthorized charges in some circumstances there's still nothing from the PCI Council that says you aren't allowed to keep on going on like that.
To make you feel more secure and protected, this card also includes a coverage against fraud, so if your card is ever lost or stolen, you will not be held responsible
for any unauthorized charges from your card.
Zero Liability Protection —
For any unauthorized charges on your account, you will be free from liability.
That means that you are never responsible
for unauthorized charges to your card.
Visa's Zero Liability Policy2 is our guarantee that you won't be held responsible
for unauthorized charges made with your account or account information.
Zero Liability Protection means you won't be held responsible
for unauthorized charges made with your card or account information.
The federal Fair Credit Billing Act limits your liability
for unauthorized charges to $ 50, and you're not responsible for any fraudulent purchases if you report suspected theft of your information before the card is actually used.
Meaning, you aren't responsible
for unauthorized charges.
The Citi Identity Theft Solutions and zero liability
for unauthorized charges will protect you from fraud.
If you report the loss before your credit cards are used, the FCBA says the card issuer can not hold you responsible
for any unauthorized charges.