To qualify for Credit Card Fraud Protection coverage, you must notify us promptly upon loss or illegal use of your credit or debit card(s).* We will accept full responsibility for your liability for all fraudulent charges to your lost cards from the moment you notify us of the loss/theft of your cards. This liability coverage applies only to fraudulent charges that occur while you are a Member of Webloyaltys Reservation Rewards. Also, this coverage is in addition and subordinate to any coverage provided by your card providers and your other insurance carriers.
Under Federal law, for debit and cash machine cards, consumer’s liability for fraudulent use of the card is up to $50 if a consumer notifies the card issuer of card loss within 2 days. After that, consumer’s liability is up to $500. Or, if a consumer does not notify the card issuer within 60 days of receipt of a monthly statement showing unauthorized charges, then the consumer’s liability is up to $50 and the total amount of unauthorized charges that occurred after the 60-day period and before notice, provided that the card issuer establishes that the unauthorized charges would not have occurred...
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