If your credit card has been stolen, it can damage you financially and personally. Credit cards are used to open new accounts, steal money and even steal people's identity. If you are the victim of credit card theft, you should react quickly according to the following steps:
Call the credit card issuer
Whether it’s a debit card or a credit card, you should contact your credit card issuer. Let them know that your card is missing or stolen. You can find the phone number online and call the number. Luckily, federal law limits your liability for any unauthorized charges that were made using your card. You need to act as quickly as possible, and the most you'll have to pay is $50.
Provide as much information as you can
Before a stolen card is canceled, the credit card issuers need to confirm your identity. When you contact the issuer, you should be prepared for verification questions about your name, address, and social security number. You should also try to remember the last charge you made to the card. Once the issuer is certain that you are the person to whom a stolen card belongs, it will cancel your card. Then, the provider will mail you a new card with a new account number.
These days, scammers and hackers don't need to take your wallet to get into your accounts. They can steal your credit card number without you knowing, and use it to run charges. To pervert credit card number theft, you should never provide your credit card detail to people/entities you do not know.
If someone sends you a link, asking you to confirm your details – it is likely a phishing scam. Never give out your personal information without first verifying the identity of the person/entity who contacted you. A background check can help you discover who is contacting you and whether they are doing so for a legitimate reason.
Also, you should keep tabs on charges made to your card. Check your charges at least once a week to make sure no one has used your credit card info.
Additional tips that will help you prevent credit card theft are:
- Only carry the cards you need
- Cut up and dispose of old credit cards
- Make sure you know which card you have. if you have cards that you do not use very often, store them in a safe place.
- Do not give your credit/account over the phone
Having your credit stolen is not the end of the world, but it can hurt you in many ways. If someone steals your card or it is lost, you should act quickly and stop money theft or identity theft in its tracks.