That's theoretically. Practically though you first have to dispute fraudulent transactions and file chargebacks. For the most part it's easy, but for certain o

That's theoretically. Practically though you first have to dispute fraudulent transactions and file chargebacks. For the most part it's easy, but for certain online transactions the bank will tell you to go and talk to the merchant directly. I had my credit card used to subscribe to the adult dating site. When I called the bank (Royal Bank of Canada, a very large, if not largest bank in Canada), they simply transferred my call to that company and I had to prove them that it wasn't me who subscribed with my credit card. They kept asking for my email address and the phone number "to compare to those on file", and the only thing that helped was actually yelling and swearing at them. YMMV, but $50 in damages is only a part of the package.