What Can a Credit Card Holder Do If His Card Is Lost?
Reporting the loss of a credit card quickly is important because cardholders are not responsible for charges after the loss is reported, according to “The Consumer Reports Money Book.” However, if the charges occurred before the loss is reported, the cardholder is responsible for a “maximum of $50,” reports “The Money Book.” Banks might ultimately waive the charges, but reporting the loss quickly can save time, and prevent hassles and aggravation.
