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When you lose your credit card, you can avoid an impact to your finances by reporting the card lost or missing immediately. In general, a lost or stolen credit card will have no impact on your credit score. In most cases, you will not be held responsible for charges on a lost or stolen card.
5 steps to take immediately if your credit card is lost or stolen How to report credit card fraud. ... Contact your credit card issuer. ... Change your login information. ... Monitor your credit card statement. ... Review your credit report and dispute any fraud on it. ... Protect yourself from future credit card fraud. ... Bottom line.
Call ? or get on the mobile app ? and report the loss or theft to the bank or credit union that issued the card as soon as possible. Federal law says you're not responsible to pay for charges or withdrawals made without your permission if they happen after you report the loss.
Also, if an unauthorized charge to your ATM is reported to your bank statement, you are liable for the full amount unless you report the charge within 60 days of the date the statement is sent to you. In other words, report the loss/theft of your ATM card immediately.
What to Do If Credit Card Theft Happens to You. In the event that your credit card is stolen in the United States, federal law limits the liability of cardholders to $50, regardless of the amount charged on the card by the unauthorized user.
Debit cards are as vulnerable to theft as credit cards and offer limited fraud protection. Depending on how soon you report the fraud, you could be responsible for up to $50 in unauthorized transactions ? or the full amount. Learn about debit card fraud protection and what you can do to minimize your liability.
Most credit card issuers will not hold the cardholder responsible for fraudulent charges. A stolen or lost credit card can hurt a consumer's credit score if the card is used and the cardholder doesn't report the fraud and then fails to pay the charges. Review your credit report regularly to monitor for signs of fraud.