5 steps to take immediately if your credit card is lost or stolen.
Credit card fraud happens every day, but it's especially prevalent during times of economic hardship. You should consistently take steps to protect your credit so you minimize the chance that you'll become a victim of fraud.
If you find that your card number has been stolen, it's important that you act fast to safeguard your credit card information and alert yourbreaks down the steps you can take if your credit card information is stolen and how you can limit your exposure to fraud.Monitor your credit card statementProtect yourself from future credit card fraudOnce you suspect fraud on your credit card account, you should immediately contact your card issuer by calling the number on the back of your card.
When you speak to a representative, tell them that your account was compromised and list the fraudulent transactions. The bank will cancel the card and mail you a new card with a new account number, expiration date and security code. The new card may take up to 10 days to arrive in the mail, though you may be able to ask for expedited delivery, which may come at a fee. While you wait to receive your new card, you won't be able to use the old one since it was canceled.
After canceling your card and shipping out a new one, your card issuer will begin an investigation and typically issue a provisional credit for the charges you said were fraudulent. This credit will become permanent if the investigation determines the disputed charges weren't authorized by you.
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