Most major credit cards today offer fraud protection, which protects your credit rating — and your assets — in case your credit card is stolen or if fraudulent charges appear on your credit card.
This should be one of the primary benefits you look for when you apply for a new credit card. Ideally, you want to find a card with $0 fraud protection, which means there is no deductible and you are not liable for ANY fraudulent charges on your card. Some cards make you pay the first $50 in fraudulent charges.
You may also want to look at the amount of fraudulent charges you are protected up to … in other words, you are covered for fraudulent charges that do not exceed $250,000 — or whatever amount. This is especially important if you have an American Express card or another card with no pre-set spending limit.
You also want to find out if the card offers any pro-active fraud protection. Will yo