What to do if You Lose Your Credit Card

There is nothing worse than the feeling of losing your credit card. This isn’t the end of the world, but it can definitely put you in a tricky financial position for the time being.

Did somebody steal my card? Did I misplace it? Is somebody out there using my credit card without my permission? These are the types of questions that are sure to go through your mind.

Fortunately, there are some simple steps you can take if you lose your credit card:

1. Search again. Before you declare your credit card lost, it makes good sense to search one last time. This means looking anywhere and everywhere it could be, including under the seat in your car and at the bottom of your purse.

2. Contact your credit card company. Once you are sure your credit card is lost and you won’t find it, contact your issuer.

By contacting your credit card company, you can put this issue in the past. They will freeze your old card and send you a new one.

3. Monitor your account. If you lose your credit card, it’s a good idea to monitor your account for the meantime. If you recognize any fraudulent activity, such as a purchase you did not make, contact your issuer at once. Most credit cards have a zero-liability policy, meaning you won’t be responsible for paying these charges.

These are the most basic steps to take if you lose your credit card. By following these, you can put this problem in the past once and for all.

As hard as you try, there may come a point when your credit card goes missing. Take the time to search, but don’t hesitate to call your issuer in a timely manner.

Have you ever experienced this in the past? How did you handle the situation?