Question

jose loses his credit card at a crowded city park. he notifies his credit card company immediately. five days later, $4,507 is charged on the card. how much of those charges is jose liable for?

Answer 1

Jose is liable to none of those credit card charges.

What is a credit card?

The ability to pay for goods and services from a merchant based on the cardholder's accumulated debt is provided by a credit card, which is a payment card issued to customers (cardholders). The card issuer, which is typically a bank or credit union, opens a revolving account and extends a line of credit to the cardholder. The cardholder has access to this line of credit and can borrow money from it to make purchases or obtain cash advances. There are two types of credit cards: personal and business cards. Most playing cards are made of plastic, but some are made of metal (titanium, gold, palladium, and stainless steel), some of which have gemstones embedded in them.

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