Replacing a lost or stolen credit card will not hurt your credit score, but here's why you should act fast.
It's normal to worry when you lose your credit card — and even more so when you realize someone else may have access to it.
The good news is that you can replace a lost or stolen card with a few easy steps, and most card issuers won'tHowever, once you realize your credit card is either lost or stolen, you'll want to act quickly to protect yourself from theft and damage to your credit score. Below,1. Call your credit card issuer
The first thing you should do when you have a missing credit card is immediately report it to your card issuer. Since you won't have your card handy to look for the phone number, check a recent statement or the issuer's website to find the appropriate number to dial.: For starters, your card issuer will cancel your card so that no one can use it without your consent. In addition, reporting a lost card early puts you in the clear according to federal law.
members receive a $0 liability guarantee that covers any fraudulent transactions someone else may make on your account. This means you wouldn't owe anything if a fraudster used your card without your permission. Bank of America also monitors your account and blocks any charges they suspect as potential fraud.You may have your monthly gym membership, utility bills, subscription charges or
set up on autopay. But when that card is no longer active, these automatic charges will be declined and you may forget to pay them altogether.
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