Answered

Which of the statements about a reported lost or stolen travel card is true?

A. The travel card vendor issues a new travel card and PIN within 5 business days.
B. The cardholder is responsible for authorized charges made before losing the card.
C. Authorized transactions are not transferred to the new account if they are disputed.
D. The old account remains open until the cardholder verifies receipt of their new card.



Answer :

GinnyAnswer

Final answer:

Credit card protections offer consumers security against unauthorized charges when a card is reported lost or stolen.


Explanation:

When a travel card is reported lost or stolen, the cardholder is generally not held responsible for unauthorized charges made before losing the card. This is because credit cards offer greater consumer protections than debit cards in such situations, with limited liability for the cardholder. The travel card vendor would typically issue a new travel card and PIN promptly to the cardholder, ensuring minimal disruption.


Learn more about Credit card protections here:

https://brainly.com/question/39607460


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