Do Not Lose Your Credit Card!

By Leni Parrish on April 15, 2010

Losing your credit card is very troublesome. The worst thing you want to avoid is your card being stolen. There are so many people who would easily take advantage of it and use it immediately to purchase things they want. If you think you are protected because they cannot copy your signature, think again. Some are very good in forging signatures. It is just a matter of trying to imitate your strokes a couple of times and it can then pass as your real signature after a few minutes. It will be very hard for store owners to tell if the signature was legitimate or not.

No robber will take mercy. They will use your credit card until your credit limit is maxed out. If you realize too late that you lost your card and the robber was able to incur purchases already, you will have to pay for that unless you can prove to your bank that that was not yours. This can all be a very tedious process even if you do become successful in reversing those charges. In a few instances, the bank could reimburse you if you proved correctly that the card was no longer in your possession when those malicious purchases started coming in.

If you lose your credit card, report this immediately to your bank so that it can be cut temporarily while they make a new card for you. After reporting loss, the bank could no longer charge you for any succeeding purchases made from your card. More so, this can be used to track down the location of the robber.

While reporting, make sure to never give out your PIN number. This is very confidential that even banks will not ask it from you. Be careful with people trying to ask for your PIN number because they may be frauds pretending to be affiliated with banks. Legitimate banks do not need to know your PIN number just to verify your identity.

Credit card is very important nowadays because aside from being able to buy on credit, it can also act as a secondary ID. It can also be used like an ATM card wherein you can make cash advances during an emergency situation. Always take care not to lose it because it could create problems for you if it gets lost. If you can, separate your money from your cards so it is not too bulky on your wallet. Thick wallets attract thieves. Keep a photocopy of the front and back of the card. It may come in handy in the future if you lose it.Losing your credit card is very troublesome. The worst thing you want to avoid is your card being stolen. There are so many people who would easily take advantage of it and use it immediately to purchase things they want. If you think you are protected because they cannot copy your signature, think again. Some are very good in forging signatures. It is just a matter of trying to imitate your strokes a couple of times and it can then pass as your real signature after a few minutes. It will be very hard for store owners to tell if the signature was legitimate or not.

No robber will take mercy. They will use your credit card until your credit limit is maxed out. If you realize too late that you lost your card and the robber was able to incur purchases already, you will have to pay for that unless you can prove to your bank that that was not yours. This can all be a very tedious process even if you do become successful in reversing those charges. In a few instances, the bank could reimburse you if you proved correctly that the card was no longer in your possession when those malicious purchases started coming in.

If you lose your credit card, report this immediately to your bank so that it can be cut temporarily while they make a new card for you. After reporting loss, the bank could no longer charge you for any succeeding purchases made from your card. More so, this can be used to track down the location of the robber.

While reporting, make sure to never give out your PIN number. This is very confidential that even banks will not ask it from you. Be careful with people trying to ask for your PIN number because they may be frauds pretending to be affiliated with banks. Legitimate banks do not need to know your PIN number just to verify your identity.

Credit card is very important nowadays because aside from being able to buy on credit, it can also act as a secondary ID. It can also be used like an ATM card wherein you can make cash advances during an emergency situation. Always take care not to lose it because it could create problems for you if it gets lost. If you can, separate your money from your cards so it is not too bulky on your wallet. Thick wallets attract thieves. Keep a photocopy of the front and back of the card. It may come in handy in the future if you lose it.

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