Question

Nedra uses her debit card on a daily basis. The last time she used it was the evening before at a restaurant. This morning, she noticed that the card was missing. How long does she have to report the card as lost to have 100% protection against fraudulent use? She has 30 days from the date of the last authorized use. She must report the card immediately before any unauthorized withdrawals are made. She has 2 days from the date she determined the card was lost. She has 2 days from the date of the last authorized use.

Answer 1

Answer:

How long does Nedra have to report the card as lost to have 100% protection against fraudulent use?

She must report the card immediately before any unauthorized withdrawals are made.

Explanation:

The card issuer expects Nedra to report that her credit card is missing immediately without wasting any time.  This will prevent fraudulent practices from occurring because the card issuer will usually block the card.  The purpose is to prevent identity theft from happening.  After providing the necessary information that the card company may request, a new card with a new number will be issued to Nedra.