Monday, 13 May 2024 00:40

What to do when you lose your credit card?

Written by Denis Muñoz
What to do when you lose your credit card? Courtesy

When you lose your credit card, it's important to take quick action to protect your account and avoid potential fraud.

Here are some tips:

1. Report the loss or theft immediately: Call your bank or credit card issuer as soon as you realize you've lost your card. The sooner you report the loss, the faster they can block the card and prevent unauthorized transactions.

2. Review your transactions: Review your statements online or through your bank's mobile app to identify any suspicious activity. Report any unrecognized transactions immediately.

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3. Request a new card: Ask your bank or card issuer to send you a new replacement card as soon as possible. They will usually send you a new card with a new account number.

4. Update your automatic payment information: If you have automatic payments set up with your lost card, be sure to update your payment information with your new card.

5. Keep a record of your communications: Write down the date and time of your calls to the bank or card issuer, as well as the names of the people you spoke to. This can be useful if a problem arises later.

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6. Stay calm and monitor your credit: Losing a credit card can be stressful but stay calm and take quick action to protect your account. Also consider monitoring your credit report for unauthorized activity in the following months.

 

Translated by: A.M