If you lose your credit card, typically there is a limited liability on any purchases made fraudulently.
What is the liability for the loss of a credit card?
The liability for a lost credit card is limited to $50 in the United States.
However, if a person losses a credit card before use, the card company cannot hold the account owner responsible for any unauthorized charges.
But the loss of a credit card must be promptly reported to the card issuer.
Thus, if you lose your credit card, typically there is a limited liability on any purchases made fraudulently.
Learn more about credit card liabilities at https://brainly.com/question/18624552
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