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Originally Posted by niksinif
i do not recomend citibank. they dont allow disputes for fraudulent transactions that are 100 miles away from your home. so if someone steals your credit card, and uses it in another city, you will be responsible for paying. this hapend to me. someone used my credit card in another country and i ended up having to pay for it. citibank wouldnt even allow for a dispute.
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I know about this because I resell credit services. Fraud protection and chargeback rights are provided for by the credit network (visa, mastercard), not by the individual bank. No credit network has any such policy--in fact, the credit network and the merchant bank most often take the side of the cardholder in any dispute with a merchant. The cardholder is the person who supplies the money that makes the whole machine turn, after all.
In short: what you said here is pure crap.