Recover from a Lost Credit Card
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Cardholder Benefits » Recover from a Lost Credit Card

Recover from a Lost Credit Card

Updated: December 25, 2012

Add to Favorites:

Loosing a card is a headache in itself; but be financially savvy and don`t let it turn into a larger ordeal by remaining diligently watchful over your money and credit. Make sure to report missing or stolen cards as soon as soon as possible, as to not be responsible for any extraneous fees a thief may rack up. Also, when you receive a replacement card pay attention to the information, and make sure it is beneficial for you, your credit score and your financial heath.

Also it’s important to report the card stolen to the police and to credit card reporting agencies -TransUnion, Equifax and Experian.

If all charges occur after you report the theft, then the consumer has no responsibility to pay for the charges. Due to a Federal law known as the Fair Credit Billing Act, customers who lose their card or their cards get stolen are only responsible for a maximum of $50 for any unauthorized charges made.

Consumers should also place a freeze on their credit card accounts so their account is locked from prying eyes. If you take action, the credit report agencies will mark the card as "lost or stolen" and a new account will be opened for you and a new card will be sent to you.

These new cards can be reported in two different ways - with the same information or as a new account, and depending on how it`s reported, it will affect your credit score.

The most common way replacement cards are issued is with the same information as the original card. If the card is reported with the same information as the previous card, in regards to credit limits, payment history, balances and the original date the account was opened, then credit scores remain unchanged. But, if the account is marked as opening the day that the replacement card was issued then this can and will negatively affect your credit score. If you do not have any other cards that have been open for long periods of time, then the credit reporting agencies will interpret it as you are new to the credit card arena, and therefore are worthy of a low credit score.

These are just some things to be wary about after you loose your card. Loosing your card doesn`t have to mean the end of the world, if you maintain a close eye on your accounts and your cards, then it should be easier to recover from a lost credit card.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Cardholder Benefits Research:

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading