[TheCoelacanth]

That is if someone uses a credit card account that you opened without your permission.

What the parent comment is describing is if they open a completely new credit card account under your name.

You are only liable in the first scenario if you used Verified by Visa and someone got your Verified by Visa credentials and used them.

In the second scenario you are not liable under any circumstances, because the fraudster created the Verified by Visa account, not you, so you never had the credentials for the account.