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:

• 2010-06-09  Techniques on Lowering Credit Card Interest

  Credit card companies have long been making all sorts of changes when it comes to their terms and conditions. The sad fact about this is that not too many clients are actually aware that these changes are taking place. This then should serve as motivation to be aware of the existing changes and then... (more)

• 2010-06-07  Strategies to Reducing Interest Rates

  Credit card companies have come up with rules and disclaimers saying that they hold the right to change some of their agreement terms as they see fit at any given time. These are strategically included in the fine print of your usual 32-page booklet. Yet, most people do not really pay attention to t... (more)

• 2009-07-26  Secrets To Get Low Interest Rate Credit Card From Current Provider

  You probably have heard many times that to get the best credit card, you need to do intensive research. It could be done online or offline. However, the thing is that you should not settle for one prospect provider or accept what seems to be an attractive offer. By taking time to do research, you wi... (more)

• 2009-07-24  Ways To Save Time In Search For Low Rate Credit Cards

  People who own a credit card can either enjoy its benefit or be threatened by its possible problem. The former happens if you know how to manage your debts. The latter will happen if the card will be abused and balances bloat. To maximize the use of the card, cardholders are looking for low rate cre... (more)

• 2009-05-23  The Two Faces of the Zero Percent Interest Credit Cards

  No matter how hard you would want to avoid incurring uncalled for credit card debt, this seems to be almost impossible with the skyrocketing credit card interests that come with each purchase you make using your plastic. Applying for a credit card with a zero interest rate may appear very appealing ... (more)