Question

Amelia lost her credit card one day while on vacation. She reported the loss to the credit card company the next day. However , someone had used her card to make purchases worth $1,600 at different shopping outlets. what is the maximum amount that Amelia may have to pay back for the fraudulent charges of 1,600 made on her card

Answer 1

Amelia will most likely not be responsible for the fraudulent charges on her credit card. She should contact her credit card company to report the issue and provide the necessary information to resolve the matter.

Step-by-step explanation:

To determine the maximum amount that Amelia may have to pay back for the fraudulent charges of $1,600 made on her card, we need to consider the credit card company's policies. Based on the information provided, the credit card company charges $10 when a payment is late and $5 a day each day the payment remains unpaid.

Since Amelia reported the loss of her credit card, she will most likely not be responsible for the fraudulent charges. Generally, credit card companies have policies in place to protect their customers from unauthorized transactions. Amelia should contact her credit card company immediately and provide the necessary details regarding the fraudulent transactions to resolve the issue.