The holidays can be a time when your spending will increase and you've swiped your credit card one too many times. Because you are spending more during this month than others, the risk of having your credit card information stolen is heightened. These thieves know there is a lot of spending going on, so they will be monitoring people closely in order to access their information. If you find that you are one of those victims, there are various methods to help you get out of this jam. The following tips are ways to deal with a stolen credit card:
Review card statements
The post-holiday lull is a good time to have a look over your credit card statements. Between buying gifts, food and decorations, you may have gotten busy and neglected to keep track of all of your spending. Being forgetful can happen, we have all been there. But if you are active with credit, you should do your best to monitor it as closely as you can. The more active you are when looking at credit card statements, the quicker you can get problems like illegal purchases solved.
Along with checking for larger unauthorized purchases made on your credit card, inspect your statement more closely to see if there are any smaller charges. Something as tiny as a 10-cent purchase can be a sign that your card information was stolen.
Alert all parties
If you have discovered any suspicious activity on your credit card statements, your next step should be to alert the authorities. This includes your bank, credit card provider and the store that suspicious purchase was made at.
Get a new card and update information
After you have notified all the necessary parties, you will be getting a new credit card. Once you have your new card, update your personal information for the account. If your old card was used for automatic payments for utilities or connected to a cable provider alert the business or provider to your new card information. It may be helpful to mark all the accounts you pay bills for. Write all of these down and figure out if any of them used your former credit card. Call those companies and then update your payment methods.