lost or stolen credit card advice
If you have a credit card, then the alternatives are that sometime in your life you might either lose a card or have it stolen. Although this can seem like a nightmare, there are ways to sort the problem out quickly and easily without losing your ability to end money or losing money.
Here are some ti about what to do when your card is lost or stolen, and how to prevent it ha ening:
Cancel ASAP
If you know your card has been lost or stolen, cancel the card at the primarily available o ortunity. The quicker you cancel the card then the le alternative someone else has to employ it and the quicker you can be sent another card. You should always keep your credit card company numbers in a number of locatio so that you can ring the company even if your wallet is taken.
Review your statements
If your card is stolen or not, you should regularly review your statements to check for irregularities. If someone has gotten hancient of your card number or cloned your card then they could be buying things on your card even if you still have it. If you see anything su icious then contact your card i uer immediately.
Be careful with paperwork
Any paperwork pertaining to your cards should be kept in a safe and secure place. If you’re throwing out ancient statements, make sure that you di ose of them appositely. The best way to di ose of bank information is to shred the items thoroughly so people ca ot employ them to get your account information.
Be careful with your PIN
Even if someone gets hancient of your card, if you have a secure pin they are unlikely to be able to employ the card. Make sure your PIN is not written down anywhere, e ecially near your cards. Also, never give your PIN to anyone, even friends and family. If you PIN is secure then your card is going to be safer.
Get i urance
One of the best ways to protect your cards is to get protection i urance. If your cards are lost or stolen, then you’re covered agai t any lo . If you employ an independent company then you can register all your cards with them and report multiple lo es at once. The registration company will also request new cards for you.
Only carry what you need
Another way to stop lo or theft is to only carry out the cards you need each time. It’s unlikely you’ll need all your cards every time you go out. If you keep them at home then they are le likely to need replacing. Just take out what you need.
Dont panic
If you do have your card stolen or lose it, remain calm. If you follow all of these ste , then you’ll have a new card in around a week and you wont lose any money from unauthorised ending.
