4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (2024)

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    Credit card is lost or stolen?

    If you find that your credit card has been lost or stolen, it is important that you act quickly to protect your card information. You need to immediately alert your bank or card issuer that your account has been compromised.

    Here are the steps you need to follow if your credit card is lost or stolen

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    4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (4)

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    Block your card

    When you find out that your credit card has been lost or stolen, call your bank to report the loss. You can also block your card from your online banking app or via net banking. The bank will cancel the card and send you a new card with a new account number, expiration date, and security code. It may take up to 7 to 14 days for the bank to send you the new card.

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    4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (5)

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    File a complaint

    After you have informed the bank about the loss of your credit card, visit the nearest police to file a police report. "It ensures you are not held accountable if the card is used fraudulently. The FIR also provides legal proof that you have lost your credit card and assists you in obtaining another card," as per the IDFC Bank website. You can file an FIR online too.

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    4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (6)

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    Credit credit card

    "You must immediately notify your card issuer that your credit card is lost. It will enable them to place a fraud alert on your account, ensuring that your credit score is not harmed. You should also verify your credit history and report any fraudulent transaction to the credit rating agency," according to the IDFC Bank website.

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    4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (7)

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    Keep a close eye on your credit card bill

    Even after reporting that your credit card has been lost or stolen, you must keep an eye on your credit card bill on your banking app. If you notice any unusual transactions, you must inform the bank and file a complaint.

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    4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (8)4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (9)

    4 steps to take immediately if your credit card is lost or stolen - Credit card is lost or stolen? (2024)
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