I think the parent was talking about the US, where liability depends on how fast you report the theft of your card or notice fraudulent transactions in your sta

I think the parent was talking about the US, where liability depends on how fast you report the theft of your card or notice fraudulent transactions in your statement. If you don't catch these quick enough then your liability is unlimited. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre04.shtm http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre04.shtm