| Despite all your care, your credit card has been stolen, | | | | if you report your card stolen within a reasonable |
| and now there are charges outstanding on it that you | | | | amount of time. |
| never authorised. Are you liable for those charges? | | | | - If someone else uses your card details without your |
| That all depends on the organisation that issued your | | | | permission, and your card has not been lost or stolen, |
| credit card. If that organisation subscribes to the | | | | you will not have to pay anything. |
| Banking Code, there are very definite limits to your | | | | - If someone else uses your card details without your |
| liability if your card is stolen. The Banking Code | | | | permission for a transaction where the cardholder |
| Standards Board is an organisation whose mission it is | | | | does not need to be present, you will not have to pay |
| to ensure that banks and building societies adhere to | | | | anything. |
| certain rules in dealing with their account holders. | | | | - If your card is used before you have received it, you |
| Membership in the BCSB is voluntary, but banks and | | | | will not have to pay anything. |
| building societies who are members promise to abide | | | | Under the above conditions, you are not liable for any |
| by certain rules in the way that they conduct business | | | | charges made to your card without your permission. If |
| and treat their customers. These rules include rules on | | | | your card is still in your possession and someone else |
| how to deal with lost or stolen credit cards. | | | | uses your credit card details, you won't have to pay |
| According to the Banking Code, section 12: | | | | any of those charges. If someone uses your credit |
| Liability for losses | | | | card for 'card not present' transactions - for instance, |
| 12.11 If you act fraudulently, you will be responsible for | | | | to make online purchases - you don't have to pay any |
| all losses on your account. If you act without | | | | of those charges. If someone makes charges to your |
| reasonable care, and this causes losses, you may be | | | | account before you receive your credit card UK |
| responsible for them. | | | | Banking Code specifies that you won't have to pay |
| As long as you have not acted with complete | | | | anything. |
| recklessness, or participated in fraud, you are | | | | Of course, you are still liable for any charges that YOU |
| protected by the following section of the Banking | | | | made to your card. However, if your card is lost or |
| Code. | | | | stolen, and you report the loss, the most that you will |
| 12.12 Unless we can show that you have acted | | | | be liable for on those charges is £50 per card. It |
| fraudulently or without reasonable care, your liability for | | | | is in your best interest to find out before you apply for |
| the misuse of your card will be limited as follows. | | | | a credit card whether the issuing organisation |
| - If someone else uses your card, before you tell us it | | | | subscribes to the UK Banking Code. When you apply |
| has been lost or stolen or that someone else knows | | | | for a credit card through moneyeverything.com, you |
| your PIN, the most you will have to pay is | | | | can easily check each credit card UK issuer to |
| £50.Your liability for charges made to your lost | | | | research whether they subscribe to the UK Banking |
| or stolen card is £50 per card. In many cases, | | | | Code. |
| credit card issuers will even waive that first £50 | | | | |