What To Do If Your Credit Card Has Been Stolen

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What To Do If Your Credit Card Has Been Stolen? A credit card is a card used to make purchases or pay bills, on the basis of paying back the amount plus other agreed charges to issuers. Seeing how important a CC is, it will be a disheartening thing to lose it. When you lost your credit card, the next thing you’ll start thinking about is ‘what to do next’.

However, if you misplaced or lose your CC is not advisable to leave it hanging. It is the best time to act fast to avoid stories that touch the heart. Delay they said is dangerous, if you’re reluctant about your stolen CC, the fraudster might milk out all your card worth.

What To Do If Your Credit Card Has Been Stolen

What To Do If Your Credit Card Has Been Stolen

losing your credit card may cause lots of damages, especially those ones with a high credit limit or one that has a lot of credit still available. If you’re wondering on what to do if your CC is stolen, here are steps to take

  • Contact your CC Issuer
  • Get your CC info ready
  • Follow up records
  • Always check your card statement
  • Always check your insurance coverage

Contact Your Credit Card Issuer

When you lose or misplace your CC, the first step to call on your credit card issuer, to report your missing or lose card.

The question now is ‘ how to get their phone number?’  can always get their phone number at the back of your card. But since the card is stolen, navigate to your CC statement or online to find their customer service phone number. You can also report on their website or at any of their branch closest to you.

Get Your Credit Card Info Ready

When you report your stolen cc to the issuer, there is the basic information you’ll need to verify your identity.

Moreover, you’ll be asked your name, address and social security number (SSN), the date of the credit card lost or when you notice that it was missing. Your last charge details might also be required for them to be sure they are dealing with the right person.

After providing the required Info, your account would be cancel and a new credit card mail to you with a new account number.

Always Follow Up Records

It’s important to always follow up after reporting your loss.

Thus, you can send a letter or an email including your account number, the date and time you notice your card was missing, time and mode of reports of loss to your card issuer. Keep all these means of reports for yourself also.

Always Check Your Credit Card Statement

After, reporting to your CC to issuers, make sure you check or review your credit card statement. During this process, if you find any charges that look fraudulent, put a call through to your card issuers without wasting.

Always Go Through Your Insurance Coverage

Most renter’s and homeowner’s insurance policies cover for credit card theft. So, in the case of lost or stolen CC check your insurance policy to see the amount covers. You should also note that some credit card issuers offer zero liability as card features.

Best Way To Prevent Future Lost or Stolen Credit Cards

It’s very important to protect your CC and keep it safe at all times. Here is the best way to protect against CC future lost

  • Always go out with the card you need at that moment.
  • Securely place you placed your CC in your purse or wallet
  • Make sure you cut up old cards before disposing of it. You should cut through the account number
  • Always keep all your credit card info safe. Information like account number, expiration dates, customers Care centre telephone numbers for each issuer.
  • Always check on your CC statements as soon as it arrives. That is by checking for unauthorized charges
  • Guard your account number properly. Write it down and store in a safe place or location
  • Do not share your credit card number over the phone unless you are the one calling and make sure no other person is hearing you or eavesdropping.

These are the best way to secure your CC against future loss.

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