Liability Limit

The Truth in Lending Act limits your liability to fraudulent use of your card to $50 if properly reported. However, both VISA and MasterCard issuers may waive this $50 deductible and cardholders are not required to pay for any part of fraudulent charges. This applies to both Internet and non-Internet transactions.

If you discover your card has been lost or stolen, notify the issuer immediately to get a new account set up and new card issued as soon as possible. This will also reduce the inconvenience of identifying and removing fraudulent items charged to your card.