What are your liability limits?

If your credit card is lost or stolen--and then is used by someone without your permission--you do not have to pay more than $50 of those charges. This protection is provided by the federal Truth in Lending Act. You do not need to buy “credit card insurance” to cover amounts over $50.

If you discover that your card is lost or stolen, report it immediately to your credit card company. Call the toll-free number listed on your monthly statement. The company will cancel the card so that new purchases cannot be made with it. The company will also send you a new card.

Make a list of your account numbers and the companies’ phone numbers. Keep the list in a safe place. If your wallet or purse is lost or stolen, you’ll have all the numbers in one place. Take the list of phone numbers--not the account numbers--with you when you travel, just in case a card is lost or stolen.

Most Recent Credit Card Articles:

- 2008-06-27 How to Do Away with Credit Card Debts without a Balance Transfer Card
Nearly all US credit card holders have a credit card debt. And sometimes this debt becomes a bad headache for credit consumers. All those interest rates, fees, due dates make it really difficult to pay off your outstanding balance in full. Getting a balance transfer card with favorable terms and 0% ...

- 2008-06-19 Why Should Cardholders Pay for Their Credit Cards Processing?
The Credit Card Fair Fee Act of 2008 has come into legal force, promising financial relief for both retailers and their cards using customers. The new legislation is expected to curb credit card interchange fees or at least make them fairer.What is a credit card interchange, also called transaction,...

- 2008-06-11 Are Cash Back Credit Cards as Beneficial as They Are Painted?
Credit card deals with cash back are usually referred to as the most applied-for plastics in the US. No big surprise. They are pretty aggressively advertised. Besides, a desire to be rewarded is a quite natural trait of human nature. You do not have to do anything but make purchases with your cash b...

- 2008-06-03 Busting Your Credit Card Ghosts from the Past
A financially stable, two-parent family can afford raising children. But what if you are a single mother with low income? You can still make it through. But if being a stay-at-home mother is your full-time job? At least for some period, during the first year, when your baby needs you around 24/7? ...

- 2008-05-27 Irreconcilable Differences Can Result In Divorce and In Bad Credit
When people decide to start their own family, especially if they are young, most tend to think that they are tying the knot with the tongue not to be undone with the teeth. Standing at the altar exchanging wedding vows very few couples think about marital agreement. Husband-and-wife-to-be hope their...

- 2008-05-21 0% APR for Jack, Fees and High Rates for Zach?
You know that people with good and excellent credit are eligible for the best credit card deals with low interests and great rewards. While customers with a credit that needs some improvement or those with no credit sometimes have to bend over backwards to qualify for a credit card with a decent int...

- 2008-05-16 Financial Personalities, Pt.II
Here are another three types of financial personalities, in one of which you might recognize yourself. Financial Personality #4: The Experienced Your Traits: You manage your credit cards in that responsible, confident way that is characteristic of people with sober mind, organized and business...

- 2008-05-13 What Kind of Person Are You? Financially Speaking. Pt.I
You have, probably, tested yourself answering a couple of psychological quizzes to find out what kind of person you are, what character you have, what psychological type you belong to, etc. But have you ever thought about getting to know what financial personality you have? I have found an interesti...

- 2008-05-08 A Summer Vacationer's Guide through the Jungles of Airmiles Credit Cards
Yesterday when checking my organizer for the next week's plans I looked at the date, and guess what… I've suddenly realized that it's just 3 weeks left before summer is here! I love summer. Everybody does. Summer is the season of vacations and trips. Summer… beach, a lot of sun, sand, light sea ...

- 2008-05-02 No Credit Limit – No Credit Score?
A credit card with no credit limit seems to be the dream of every card holder. It feels so good to buy whatever you want and just overlook prices. Unlimited credit card freedom attracts a lot. Like in the Nickelback's song "I need a credit card that's got no limit and a big black jet with a bedroom ...