What to Do if Your Prepaid Card Gets Lost or Stolen

Using a prepaid card has become very popular in recent years. With the invention of the prepaid credit card, people have another option for spending. With a prepaid card, you do not carry the risk of overextending yourself on credit. When you have a traditional credit card, you are continually tempted to make large purchases. With a prepaid credit card, you can limit your spending and keep everything under control. Just like a regular credit card, you can still lose it somewhere along the way. Here are a few things that you should do if your card is lost or stolen.

Call the Police

If you know that your card is stolen, you will want to make an immediate call to your local police station. While they most likely will not be able to help you immediately, you can give them any information that might lead them to the thief. The best time to recall details is right when they are fresh on your mind. Therefore, you should not wait until later to call the authorities. While the card itself is not that important to recover, you need to do everything that you can to help catch the criminal. If they took your card, they could take someone else's card later as well.

Stolen Cards

After you have called the police, the next step that you should take is to call the prepaid credit card issuer. Before you start using your prepaid card, you should write down the details from the card somewhere safe. Write down the card number, the expiration date, and any other information that may be important. You also need to keep the contact information for the credit card company as well. This way, you can quickly access everything that you need when it is time to report a theft. 

When you get in touch with the company that issued your credit card, let them know that your card has been stolen. They will most likely want to verify your identity with some basic questions. They may ask you your social security number, your home address, and your home phone number. These questions will help them identify you and make sure that you are authorized to make changes to the account.

Once you are verified, they can then disable the credit card. This way, when the thief tries to use the card, it will not work. Your money will be safe and sound. Even if the thief already used the card, you could still get your money back if you report the theft within a timely manner. This is one of the benefits of carrying a prepaid credit card. The thief could also be identified by security cameras when they attempt to use the card. 

Lost Cards

When you lose your credit card, the process is very similar. You will call them and identify yourself. Tell them that your card is lost and they will disable the card and send you a new one. All of your money will still be there and you will have a new card to spend it with. 

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