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"Hello, I'm calling to report that the 16-digit sequence, expiration date, and 3-digit security code of my credit card have been replicated and are now known to persons whom I did not give permission to utilize."

"Sir, are you calling because your credit card was stolen?"

"It was not stolen!! I still retain possession."

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So I'm reasonably sure that if you dont cancel the card after losing possession, you can be held liable for transactions that occur with the card at that point. Especially if your PIN is also compromised.

You're not liable for transactions that occur fraudulently when you still retain possession of the card.

So yeah, it's an important distinction.

... "hello, my credit card data has been acquired and used without permission. I still possess the card but want you to freeze the account and a new card mailed to me afterwards."

do you see how this is just more accurate?

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