Educational Consumer Tips
Better Business Bureau
If your credit card(s) is (are) lost or stolen, you have the option of contacting your card issuer directly without going through a third party.
Under federal law, if you report the loss of your credit card or automatic banking card before it is used, the card issuer cannot hold you responsible for any unauthorized charges.
If your card is used before you report it missing, the most you will be responsible for is $50. If you are considering using a credit card protection service, be sure to read the contract carefully to check the company's obligations and any liability on your part should the company fail to notify credit card issuers.