What really happens after you report credit card fraud

Read on to learn how credit card theft happens, how (and how often)  scammers get snagged, and what you can do to protect yourself from  fraudulent charges.

What Is Credit Card Fraud?

Credit card fraud is the unauthorized use of your credit card or account information to make purchases.

Once you alert your bank about unauthorized  transactions, they will typically block the card, send you a new one,  and begin a fraud investigation.

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How Are Credit Card Frauds Caught?

Unfortunately, less than 1% of credit card cases are solved by the police.

How Often Do Credit Card Frauds Get Caught?

In most cases, credit card fraud investigations are handled by the  card’s issuing bank, not the card network (such as Visa or Mastercard).

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How Do Credit Card Companies Investigate Fraud?


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