Credit/Debit Card Responsibilities

When someone uses your credit or debit card to committee fraud or identity theft what you are responsible for?  Here is a quick breakdown of what you are responsible for. 

Learn more at the FTC Website .

Credit Card Loss or Fraud Charges                                                           

Instance                                                                          Your Responsibility

Before the credit card is used                                                 $50

After the card is used                                                         $50 *per card

If your credit card number is stolen but not the card itself you aren’t responsible or liable for any charges.

Debit Card Loss

Your responsibility depends on how quickly you report the card being stolen or used without your authorization.

Report loss within 2 business days                                        $50

Report within 60 days                                                                 $500

More than 60 days                                                                         unlimited