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The Cardholder’s liability for Unauthorized use of the Credit or Charge card shall be limited by the following:
1.
In an Unauthorized use of the Credit or Charge card on account of its Loss or Theft, the maximum liability of the Cardholder prior to the Cardholder reporting the Loss or Theft to the Issuer shall not exceed the available credit limit or the amount of unauthorized transactions posted to their account, whichever is lower at the time of such Loss or Theft.
2.
The Cardholder shall not bear any responsibility or cost unless the Card Issuer has provided adequate notice of the Cardholder’s maximum potential liability and of means by which the Card Issuer may be notified of loss or theft of the card (such as a telephone number, address,).
3.
The Cardholder shall have no liability for any Unauthorized transactions made by the use of the card after reporting its Loss or Theft to the Card Issuer if the following conditions were met:
a)
The Cardholder has immediately and without delay notified the card issuer by telephone of the loss or theft of the card.
b)
The Cardholder shall also be not responsible if the Card Issuer has failed to receive the notification of loss or theft due to negligence or delay on its part,
c)
The Cardholder has exercised vigilant care in safeguarding the card from risk of loss, theft or unauthorized use.
4.
If any dispute is found to be a potential or genuine fraud (e.g. counterfeit, skimmed, etc.,) the full amount of the disputed transaction must be reversed on the card account.
