💳 Credit Card Fraud Limits
US Capital Private Bank Knowledge Base
📌 Overview
Credit Card Fraud Limits refer to the maximum amount of financial liability a cardholder may face in the event of unauthorized or fraudulent use of their credit card. These limits are designed to protect consumers from excessive losses and encourage the safe use of credit cards.
🔑 Key Points on Credit Card Fraud Limits
| Icon | Topic | Description |
|---|---|---|
| 🛡️ | Liability Limit | Under U.S. federal law (Fair Credit Billing Act), a cardholder’s liability for unauthorized use is limited to $50. Most major card issuers waive even this amount. |
| 🔍 | Fraud Detection & Reporting | Cardholders should report lost or stolen cards immediately to minimize liability and potential losses. |
| 🕵️ | Zero Liability Policies | Many credit card companies offer zero liability policies, fully protecting cardholders from fraudulent charges. |
| ⏳ | Timely Reporting | Prompt notification to the card issuer is critical; failure to report within a reasonable time can increase liability. |
⚠️ Important Notes
-
Liability limits apply only to unauthorized use, not disputes over legitimate charges.
-
Cardholders are not responsible for charges made after reporting the card lost or stolen.
-
Maintaining vigilance and monitoring account activity reduces fraud risk.
📬 Contact US Capital Private Bank
📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com
📞 Phone: +971529926005
🎥 For a detailed explanation on credit card protections and fraud limits, watch:
🔗 US Capital Private Bank Video