Tuesday, November 17, 2015

3 Things to do when you lose Your Credit Card




Christmas, New Year – the holiday season is fast approaching. It’s going to be a busy season ahead, and the probability of losing your credit card is more during this time. According to finance investment companies in Delhi, India due to lot of things in hand to do, you may leave behind your bag, your wallet, or your credit card directly without even noticing it.  So, what should you do if you discover at the end of your busy shopping schedule that you have lost your credit card?

Know the Eureka Zone:
The moment you realize that you have lost your card, always care to take a second look or search the area around you. According to research many objects are within 18 inches of where you expect them to be – which is why this area is known as “Eureka Zone.” So, the Eureka Zone is worth checking again, calmly and methodically. Other clues like where you last saw your credit card, and what you were doing with it may also be a great help to you.
Contact the Issuer of Your Credit Card:
Your card may have slid under a restaurant booth, or you may have lost it at the airport. If you do not find it right away, you should inform your card issuer as early as possible and have a replacement card issued. According to finance investment companies in Delhi, India, informing your card issuer is the best and the safest option unless you have a feature like Discover’s Freeze it, which lets you temporarily deactivate your card while you are looking for it.
If you happen to find your card after some time has passed, finance investment companies in Delhi, India recommends that you may still go for a replacement. If your card was found by someone else and tried using it at a store or restaurant, it is possible that the account information might have been compromised in the interim. Hence, it would be smart to get a replacement to minimize the odds of experiencing credit card fraud.
Monitor Your Account:
The rule of sincerity says that it’s always a good idea to monitor your credit card statements for fraudulent activity. Most credit cards have a zero liability policy, so informing early will free you off the penalty if any unauthorized activity occurs. While following all these procedures, you should also not forget to review your account carefully, just to be on the safe side!
In a nutshell, always keep the phone number of the credit card issuer close at hand. If you don’t the numbers yet, the right time to do it is now, when no card is missing. As soon as you realize your credit card is missing, call the card issuer. Do not carry a large number of cards in your wallet and keep a backup payment method in case your card is lost or stolen.

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