What to do when someone steals your credit card 💸💸
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- Опубликовано: 25 авг 2024
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Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.
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By federal law, you're not liable for one dime
No, but this is true for many credit cards.
@@stevenluo9516 EFTA act of1978
Im not legally required to follow her.
Yup I don’t know where this came from
She appears to be talking about bank debit cards...
The credit card companies don’t hide this.
But not everyone reads the fine print. Have you ever read all of the terms & agreements before signing?
@@torialexis19 the fact is when a cc is stolen and used by someone else, we are not responsible for the amount anyway. That's logic. We just need to report as soon as possible.
Nah they totally hide and don't like cite their fraud security on their advertisements or as a benefit of choosing them as a credit card company
@@spiderdog07 maybe because then that wouldn't be an advertisement? 😂
@@spiderdog07really? I know almost all cards I’ve looked at they clearly state that the card offers “$0 Fraud Liability
If your card is lost or stolen, you will not be responsible for unauthorized charges” this is from capital one. At the end of most discover ads I’ve seen it says “you’re never responsible for unauthorized transactions on your discover card”. These aren’t rly provided by the banks, it’s more of a visa/mastercard/disover/amex perk so report it to your bank/financial institution AND your card network
I’ve had my credit card stolen before and I didn’t have to pay anything. My card however was reported lost/stolen within 30 minutes of me losing it. I had only stopped for gas and when I went to go get food afterwards I noticed it was gone. I went back to where I last used it and they didn’t have it. I told them to look at their cameras but they said their cameras were down 🤦♀️ that’s what they always say right?! So anyways I reported it right away and after over $700 charged the people who used it were caught on camera at a different store. I hope whoever used it was caught and I’m thankful that I didn’t have to pay anything just because someone decided to be a shitty ass human being that day.
What happened to the $700? Did you get it back from the bank?? Or you just lost it because someone else used it??
ⁿ⁹ⁿ I⁹0⁰loo⁰
@@NiaFrederick they said that they got the $700 back, so my guess is the bank paid for it
@@NiaFrederick he was probably just not charged the $700. It’s a credit card, not debit card
Basically all American banks are so confident in their fraud detection capabilities these days that they will say you're responsible for $0 no matter what. They use it as a selling point
This was not my Chase experience, they were great. Covered all the fraudulent charges and issued a new card asap.
Same chase I think is great with fraudulent charges
Chase is good with pretty much everything. Bank of America has been on some bullshit before though.
I think this is talking about debit card like someone going through ur checking, I could be wrong but it doesnt make sense since everyone knows CC is 0 liability.
@@captainvenom4377Yeah, but using a debit card on anything but an ATM is just stupid AF. Debit card = your money, credit card = bank's money.
Same lol reported in under 24 hrs didn't have to pay anything
“She has no idea I follow Erika, watch this”
*pulls out a gun*
Edit: mom I’m famous omg
That whisper is cringey.
@@elcyberguy y e s
I thought of that same thing
how is this joke always funny lmaoooo
HELP
I had someone buy a car in Australia on my card about 15 years ago, and I just called and said it couldn't be me, and they removed it.
A car!? Tf!
Now that’s next level wrong
Jeez what’s your credit limit
Removed it? I hope you mean canceled that credit card and got a new one as well right?
Pretty sure reported stolen card on car payment they just take the car back
No way 🤣🤣🤣🤣🤣
Chase is usually chill about this. Just call and report fraud.
Yes, I worked in Fraud! They give you an initial refund but say the transactions have been in the same geographical area or there were no incorrect pin attempts, they will deny your claim immediately and take the refund back.
@Null debit only yes!
I have chase for debit and credit cards. I've experienced attempted fraud on both. Chase was excellent both times. I didn't have to pay for anything and got my credit cards asap. Once I was out of town and they overnighted a card to the hotel I was staying in.
@Null dont worry you don’t pay a dime for credit cards since the bank will get that money back from the government. Not sure on debit rules tho.
Im texting someone right now that wasn't this lucky. Chase only removed $35 and the account is now in poor standing
"Hey i lost 2000 dollars"
Im sorry I cant help u
*pulls out an ak-47*
"AYO WHAT THE FUC-
No bank would say "there's nothing we can do about it, looks like you need to pay." and blame you for 2000 dollars being stolen from your card. That's not how that works, even if it was they would have a lawsuit on their hands since their not gonna do anything about your money being robbed from your bank account.
It seems you’ve never dealt with sketchy banks. Of course Chase wouldn’t do it this but I’ve had similar things happen and never be reimbursed from my card
@@KryptoKiddibut you can dispute it with the credit agencies and their regulators. No need to hire a lawyer. Banks hate the regulators getting reports and defending it to regulators is not worth 2k. Too many reports and it's an issue. But yes you may actually have to report them to get it resolved.
@@voltairesarmy6702 Stride Bank is the major one I’m referring to.. the credit agencies have little to do with fraudulent purchases aside from new accounts/inquiries. If it was a credit card there’s federal protection but a debit card or any sketchy bank issued card is different and you’d be surprised how much a company can get away with. Do some light research and you’ll see. For example I’ve lost 10,000 on PayPal.. way too many details and still unfavorable feelings to get into but I ensure you that things happen and likely will be sided to the one with most credibility even if the information is fraudulent and provably inaccurate
Yep. Not a single credit card will do this. They want to keep you as a customer
It seems weird that you're responsible for any of it? Someone stole from you, why can't you just get all of it back?
technically your not
On the credit card paperwork it usually says that 50 thing but honestly somebody stole my card and they didn’t charge me any of it.
Basically someone will lose money, either the bank, you or the merchant the robber purchased from, that's kinda why.
Any credit card I have ever had will immediately issue u a new card and refund u the money. Not sure what she is talking about.
Because if you don't pay, the credit card company will have to. They're usually willing, but they aren't going to be happy about it if there are indications that your negligence played any part in the theft-- like taking forever to notice the money is gone.
She seems like the only person who reads terms etc..
So we don't have too lol
Never had this issue with chase or any banks. They don’t make me pay.
She actually writes the terms and conditions on every single company known to exist
It’s rare and I mean rare for the bank to tell you that you’re screwed if you report fraud promptly. Even if you aren’t on top of it, most of the time, it gets handled in the customers favor.
Erika is doing what our educators should be doing! 5 stars for Erika 🤩
Actually look at your legislators. Im an Economics teacher and the legislators do not have personal finance as part of any curriculum in my state. Many of us do as much as we can but only have a semester to squeeze in what IS required. Some states do have finance curriculum... mostly those with Republican legislatures.
I literally just learned this in my personal finance class
Bruh I was a banker for 2 years at chase and once you make claim you get your money back with a few days. It’s not hidden..
If you report your lost credit card in a timely manner, the credit card company won't even charge you $50.
With Wells Fargo and Discover I don’t have to pay for anything that was stolen from me no matter how long I waited to report it.
So does Chase. This video is BS
@@Heliocentricagreed
Fine.we are cancelling your credit card
They don't know i follow erika! **TURNS INTO AUSTRIAN PAINTER**
There’s no war in Ba Sing Se vibe
Hahaha judy
There is something they can do. It’s called a fraud claim
I’m pretty sure at least from the top banks you have zero liability protection. I wish a bank would tell me I’m responsible for paying for something stolen.
I wouldn’t even want to pay the $50!!!! Not fair to be punished for other people’s theft!
Banks are so corrupt charging their over-draft fees on the poorest of the poor, they deserve an occasional slap!
You don't even know what you're talking about. All major financial institutions offer $0 liability for theft of your credit card or credit card numbers, you don't even pay the $50.
The overdraft fees are a different issue, but the entire financial system (not just banks but also credit cards and payday lenders) as a whole treats poor people badly.
Her - I follow erika
Me - U are erika
I absolutely love your skits that you do Erika! I share them with my family members and people at work, we all learn so much from you!!
Thanks for sharing!!
This woman is definitely an example of the saying kill em with kindness 😂
This is the prettiest lawyer I have ever seen.
I've gotten the same basic video from two separate lawyers in one day.
Seriously who the hell is banking with a company this bad!? My company found my old card number on a dark web auction house likely after it was stolen by a credit card skimmer. They immediately froze it before a single transaction had occurred. They called me first thing the next morning, told me they issued a new card with new number, offered me access to my cash at my local branch, and thanked me for my patience during the whole ordeal. I'm baffled that anyone does any business whatsoever with a company that attempts to literally force illicit debt you didn't authorize on you. If they even tried to charge me a penny, I'd be changing who I do business with.
“ She doesn’t know I know this”
“I HAVE A GUN GET DOWN BEFOR-“
Y’all are so original 😑
Actually i read you-
Security!
This applies to fraud towards debit cards/checking accounts, not credit cards.
You are not liable for any credit card fraud.
If your card was stolen and someone used it you need to lodge a record in your local police and immediately also report to card company and you don’t have to pay a single cent. Because card companies can fully revert the charges. You need to do it soon as you got to know the loss of your card.
“She has no idea I know this!” *GERMAN MARCHING SONG*
I have been searching for this comment for like, 15 minutes
Patiently waiting on the remix with the guy😂
I hate these 3rd person videos 😂 everyone copies everyone 😂
She's too cute and her voice is so soothing.
“She has no idea I know this!”
“Bitch I only have to pay $50🔫😀”
She has no idea i follow Andrew Tate 🔥🔥....... "Where's my Bugatti?!?!!
I've get fraudulent charges on a couple of my cards from time to time and never had to pay any of them. All my credit card companies were great to reversing the charges, closing the accounts and getting new a new card in a timely manner. The key is to catch the charges early and actively communicate with your banks/ credit card companies quickly.
The roasts are savage
I thought you didn't have to pay any of it. I've never had to
You dont. Banks are federally insured.
I already knew this and I feel everyone should now things like this regardless of if they want to study law
She just created the inf money glitch
Zero liability on credit cards in canada, 100% liability on debit card. Catch up america, catch up 😂
I like how in Erika’s weird dark little world, low level cashiers want to screw you over and aren’t just people doing a job.
📹 Watch the Erika Taught Me podcast to level up your life: www.youtube.com/@erikataughtme
The whisper was too much cringe
My name is Erika 😂😊
@@Westwills.Martin I'm Spartacus.
@@amyrhodes1349bro how tf is that cringe
I went through this several years ago. Banks act like its your fault
When you lose your credit card, you report immediately. This is common sense erika!
The tagline is a little cheesy but seriously, she's a genius so who cares :P
Does The Electronics Funds Transfer Act cover debit cards as well?
Debit cards are covered by Reg e
I saw that I had several transactions for another Amazon account (I didn’t know we paid yearly and these charges were monthly). I filed for fraud, the agent told me that if these were found to be legit charges I would just owe the money back, and the department came back to say that I didn’t owe any of it!
I never had a card company who tried to deny responsibility for this. If your card is fraudulently used you are not responsible.
Thank you so much for sharing these! These will come in handy later. Love ur vids!
I like how she promote herself ☺️ but she is very informative 👍👍👍
That’s BS. Bank won’t charge you a penny
Girl Chase was the first company to make unauthorized transactions not your problem😅
Everyone knows this. That’s why people use credit cards
With debit cards it is way more difficult to do though
@@dutchik5107 it’s almost impossible to get refunded with debit cards. That’s why smart people just use debit cards to withdraw cash and then use a credit card for every thing else. Pay off before due date and then collect reward points or miles
Thanks Erika ! Interesting Chanel!!
Erika looks like she really works for Chase 😂
I really appreciate your videos, I had no idea that any of the things you talk about in your videos were even possible. Thanks!
Well that's nice to know 🤣
My wallet was stolen by a homeless guy and used my chase credit card at target and T-Mobile for $270 total. Locked my card and later that night I called Chase a reported all my cards stolen. Once the transaction posted. (1-2 days) I called up Chase and made a dispute and they gave me my money back fully. Not even $50. :)
270 is not the same as 2k.
yeah I've had cards stolen and this has never been a problem
Here's something. My bank reported to me about fraud on my card. Now that is high tech.
I don’t listen to anything she’s ever saying, I just stare, enviously, at her perfect teeth! 😁
Thanks for watching! Free resources: erikakullberg.com/links
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What if I'm already following Erika? Can I donate to her?
Why would you have to pay?? And pay what?? I'm generally confused. Can you please make it more simple for me to understand?? 😅 I'm so sorry. 😅
@@NiaFrederickpay Erika because she reads the fine print
Just wondering is it the same for debit card with Visa logo?
@@ThiaTruth you want my credit card number?
I follow you because your signature sign-off is simple and makes me smile.
Your video shorts are so jam packed with helpful info and your delivery is ADORABLE. Definitely share worthy .
You are so beautiful ❤
First!
You’re literally made aware of this when you get a credit card.
Chase is typically great at resolving fraud issues. In fact, maybe one of the best.
Actually, Chase is usually amazing at protecting you and reimbursing you when there's fraud.
In Australia, any unauthorised transactions on a credit or debit card is protected under Australian Consumer Law and providing the transactions are reported within 3 months, all money is returned to the cardholder, no penalty is imposed. Basically they just reverse the original transactions and then investigate where the money has gone, even though the banks may become out of pocket as a result.
They should criminalize dishonesty and misinformation..
You waited two days and you’re post to report $500 and you said you were in two days so you still have to pay $500
I am runbing from the IRS for Tax fraud
Ive literally never seen anyone go through this they always get their money back even after 2 days
The mean one gets me going.
"Drats! You meddling kids caught me again!"
I can confirm my aunt is a lawyer
I never heard of this in 30 years having a credit card. I’ve had my card number stolen every 2-years or so. Banks have always let me off the hook for stolen charges.
call and report it as fraud...
At the three banks I have worked at: There is ALWAYS something we can do to help.
This has happened 3 times with my husband’s card. They bought $1000 of hats, gas, and grocery store gift cards. He didn’t have to pay. He reported it within 1 day each time
Thank goodness that girl follows Erika!!
Credit card companies absolutely do not make you pay for fraudulent charges in the US. This video is insincere!
Erika also taught me that there is hope for true love
My card company would give it all back to me lol
Most credit cards now offer zero liability for customers anyway.
First mistake is banking with one of THE WORST banks ever! If you bank with Chase you should expect your money to disappear.
I use to follow Erika, but now i have a restraining order
I’m glad I followed Erica
Usually there’s protection where you should be responsible for any of it. And I’ve reported things more than two days since I was traveling, lady on the phone said to just keep using it and to call when I was back home and they removed the fraudulent charges. I didn’t pay anything.
I've had this happen before....but the credit card didn't put up any fight....they refunded it and it was okay
“Erika”
*germany has joined the chat
*germany has received the achievement: “blast from the past”
I worked for Visa fraud department. And this one is bs. No one is responsible for any fraud committed on their account. It's a law.
This is genius. I thought I would be on the hook for whatever the thieves stole.
Who else was searching for the song ERIKA but recommended this instead
Instructions unclear: Tried to report credit card fraud on car purchase, but they showed video of me doing donuts in the parking lot
God, this doesn’t apply in the UK, we are not responsible for things spent on stolen cards.