What to do when you’ve lost your Credit Card in your Travels

You thump your pockets, repeatedly checked your other pants, and thoroughly inspect all of your bags. You swear to yourself for realizing that you have lost your wallet. There are lots of important things put inside the secure folds of our wallets and perhaps nothing is more valuable in there than one’s precious credit card.

If your credit card is lost and/or stolen, you can get a lot of credit damage as the perpetrator may use up your entire credit limit. That is a double whammy if you ask me. Therefore, it is vital to report to your issuer(s) as soon as you discover that your credit card is lost or stolen. You must take action IMMEDIATELY and do not wait for tomorrow or even for a minute.

First and foremost, before actually losing something, you must understand that you are not immune to losing your credit cards.

Here are some guidelines on how to appropriately handle the situation: (more…)