There’s also the risk that credit card companies are claiming that fraud done using your phone app (for example, someone stole your unlocked phone(*)) is not covered, and you are on the hook for losses.
But stolen physical credit cards are always covered.
Credit card companies can claim whatever they want, that’s not how their agreement works. They need to cover. But also the risk of someone stealing my unlocked phone is so exponentially lower than the risk of someone stealing my cards that I’m not even remotely concerned.
Interesting, but I don’t think there’s anything in that article that actually mentions credit card companies did not cover the loss? Did I miss that somehow?
There’s also the risk that credit card companies are claiming that fraud done using your phone app (for example, someone stole your unlocked phone(*)) is not covered, and you are on the hook for losses.
But stolen physical credit cards are always covered.
(*)https://www.fox9.com/news/passcode-predators-inside-cell-phone-theft-ring-drained-online-accounts
Credit card companies can claim whatever they want, that’s not how their agreement works. They need to cover. But also the risk of someone stealing my unlocked phone is so exponentially lower than the risk of someone stealing my cards that I’m not even remotely concerned.
Interesting, but I don’t think there’s anything in that article that actually mentions credit card companies did not cover the loss? Did I miss that somehow?