It can be very sinking feeling when an individual’s credit card got stolen or lost. In such situation, most of the people do not understand that what necessary action that they should take to secure themselves from credit card frauds. That is why; it is always suggested to know and understand the plan of action much before you find your card is missing or stolen.
Here are the necessary steps that you must take as soon as you realize that your credit card is lost or stolen:
1. Report To The Credit Card Company Right Away
First and foremost thing to do is to give intimation to the credit card company that your card is lost or stolen and you want to cancel it. Notifying your bank immediately helps you to secure yourself from any fraud that can bring a heavy burden on your pocket. You can simply call on the numbers of the company or bank to ask for the needful help. Do keep in mind, that if you report for the card after being a victim of fraud then you are liable for the associated losses. And in case, the fraud happened after the intimation then the company is responsible for the losses.
2. File A Police Report
After reporting to the bank you must report about the missing or stolen card at the police. Filing a report help you get the necessary help in case of theft and also helps you to get the legal thing that you have to report about the loss. It gives you the necessary proof that you are not accountable for any sort of legal standing in case card is used by a thief.
3. Make Sure It Is Cancelled
Do check with the company that your card has been cancelled or not. It helps you to get the relief that thieves and fraudsters will not spend your hard-earned cash. It is also advisable to keep a close eye on your statements in order to know that your card is used by anyone or not and to avoid the errors and charges onto your bills.
4. Get The Replaced Card
Most of the credit card companies and banks provide the replaced card to the owner within the shortest time frame. They issue the new card to you and send it your address. In case you need your card on instant basis you can visit the bank and ask for your card. Getting the new card is the last step as it gives you a sense of relief that your money of totally is in safe hands. But after getting new card also do keep a check on your statement in order to avoid errors, if any.
A stolen or missed credit card can create lots of problems by hunting your bank account in case you don’t take the necessary steps on immediate basis. Calling and reporting about the missing or stolen card to the bank and police on time will surely help you to reduce the risks to be in any financial problem. Just act fast and secure yourself.
