Rewards credit cards are packed with attractive features. Aside from the convenience they offer, they also provide rewards and perks every time you use them for purchases. There are also other benefits, such as warranty extension, upgrades, and fraud protection. The latter is a critical component that should be present in your rewards card. These days, there are many thieves waiting to prey on unwary consumers. The fraud protection program can protect you against such personalities.
Understanding the Fraud Protection Program of a Credit Card
Rewards cards and other types of credit cards are now mostly equipped with anti-fraud protection. This feature is designed to help cardholders fight against identity thieves and fraudsters alike. In accordance with the United States Federal Law, all credit cardholders are liable for up to 50 dollars’ worth of unauthorized charges. There are rare cases wherein the owner of the card may have to pay for the full amount of the illegal purchase performed. However, since your card comes with fraud protection, all purchases made after you have reported the loss of your card will not be charged against you. Hence, you will not have to pay for anything even the $50 maximum legal liability.
Cards with Supreme Fraud Protection Programs
Do you want to have a card that provides rewards while offering peace of mind whenever you carry it around? Here are your top choices:
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