Credit card lost, and someone used it; who will cover the lost money – you or the bank?

What if a transaction takes place after you lose your card, and you don’t block it before that? Who has the liability then – you or the bank? There could be an instance where, even when you have reported your credit card as lost/missing, an unauthorised transaction takes place because of the bank’s fault. What then? Do such transactions have impact on your credit score? Find out in this article.
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