Definition
A credit card feature that protects you from being held responsible for fraudulent charges, giving you peace of mind.
What to consider
- Assign every dollar a purpose to avoid unplanned spending.
- Review your budget at the beginning of each month.
- Adjust your allocations if your financial priorities shift.
Real world scenarios
- After losing his debit card at a cafe, Vincent discovers unauthorized charges. Thanks to zero liability protection, his bank refunds every fraudulent transaction.
- Sienna feels safer shopping online, knowing her credit card has zero liability coverage if hackers compromise the site’s data.
- When an alert warns of suspicious activity on Maria’s account, she reports it immediately and avoids any financial responsibility under zero liability policies.
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