Any person that uses a credit card is prone to be at the risk of losing his/her card no matter how diligent the individual might be. Be it due to misplacement or theft, losing a credit card can have huge repercussions. Given that the number of credit card users in the country has increased considerably, losing a credit card can lead to the card being misused by fraudsters. In this article, we take a look at what an individual needs to do if he/she loses the credit card that they possess.
The First Steps That A Credit Card Holder Needs To Take Are As Follows:
If the credit card is stolen or lost, the first thing that the cardholder needs to do is to inform the bank or financial institutions from where the credit card was availed and ask the officials to block the card. Doing so, minimizes the chances of the credit card being misused by any miscreant. Apart from that, it also enables the individuals to shed liability of any transactions carried out on the card after it was lost or stolen.
After the card is blocked by the bank officials, the individual needs to lodge a First Information Report (FIR) and get an acknowledgement for the complaint filed. This helps the individual to refute the charges if any unauthorized transaction is carried out on the credit card after it was lost.
Even though the loss of credit card is reported to the credit card issuer and a complaint being registered with police, an individual needs to monitor his/her credit card statements carefully for a couple of months after the original card is lost. This is needed to be done as it enables to identify unauthorized transactions that might be carried out fraudulently.
Doing the above mentioned things immediately or within a quick span of time after losing a credit card can help the credit cardholder in keeping at bay many grievances in future. It needs to be mentioned that whenever there is any dispute regarding credit card transactions, it is the cardholder who needs to make sure that he/she did not carry out the transaction. Given that only swift action taken by the cardholder can help him/her evade some unforeseen circumstances that can ultimately lead to the individual’s credit score being impacted negatively.
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Steps To Take When The Credit Card Is Lost Or Stolen
I had applied INDUSIND BANK PLATINUM AURA EDGE CREDIT CARD. I have got very low credit limit, I was promised more than one lakh but given only 50 thousand. I received the card and the PIN on time. It is a lifetime free credit card. There is reward points and offers.
After i applied the Indusind bank credit card i got a transfer from Bangalore to Kolkata hence i contacted them to provide the card to my cousin who is staying in my house but they said that they cannot processed the same and there is no follow up from bank after that. For the converting the EMI option, i have opted for this card.
I am having State Bank Of India credit card which was directly taken through Bank .I am using this credit card for more than 2 years ,I have got all the details about the card process.The credit limit was good and it was upto 565,000, I have not faced any difficulties on submitting the documents ..I am totally satisfied on using this card.
I am having Axis Bank credit card which was directly taken through Bank .I am using this credit card for more than 2 years ,I have got all the details about the card process.The credit limit was good and it was upto 54,000,This was a paperless approval.I am really satisfied with service of this card.
I came to know about Bank bazaar through Advertisement only.Checking credit score is really good and useful but if the information is provided on date wise then it will be comfortable that is my suggestion App is also good to use and also quite user friendly .I am Satisfied with the service.
I have applied for Indusind Bank credit card through Online .I have not used the card since not got the pin number .I have tried through App but unable to use getting an update need to open a bank account then can access .While submitting the documents there was no issues .I have not yet used the card since not having pin number .
I have come to know about Bankbazaar from an advertisement on Instagram. I had downloaded the mobile application and applied for credit card. I had a very good experience with Bankbazaar. I started using Bankbazaar's service one month back.
I have received my PLATINUM AURA EDGE MASTER CARD from Indusind Bank. My credit limit is one lakh and I am ok with it. I received the card on time and there is no annual fee. I am using this card to withdraw cash, metro rail ticket, online shopping and petrol.
I am holding the Regalia credit card from HDFC and i am not much using the credit card. I'm much satisfied with the HDFC card limit. I need to pay some annual fee of Rs. 1500 and it won't get waived off even though if i use certain limit. I hold this card for 2 months and i received the first month bill which is not that much clear to understand. There are various option to do the payment.
I just wanted to have a credit card from Indusind Bank Ltd hence taken. I have been looking for a better credit limit. I am using the card for more than a month and the payment mode is easier. I am using the mobile application and there was no issues. The documentation process was simple.
Bankbazaar service is good and nice. They will take care of the documentation process. I come to know about bankbazaar through online advertisement and the customer support is really nice. This is the first time i have visited the bankbazaar website and its good.
No particular reason for selecting the credit card from Indusind bank. I haven't use the card because i haven't get the limit what i expected. For past 2 month ago, i have started using the credit card and there is a annual fee which i have no idea about it. I haven't speak with the customer care till now and the documentation process is really good. If they provide a appropriate limit to the customer based on the salary, it would be fine.
I am using ICICI BANK credit card recently and its good. The credit limit is very very less only and it would be appreciable if they can increase my limit so that I can use this card frequently. The annual fee is not applicable. There is no hidden charges and the payment mode is easier.
I like Bankbazaar's service very much. Their customer service is very good, I was given clear information. I have downloaded their mobile application and it is very user friendly. I have come to know about Bankbazaar from promotion email.
I had applied INDUSIND BANK PLATINUM AURA EDGE CREDIT CARD onlnie. Their mobile application is very slow, I am not able to do transaction through this application. They have given very less credit limit. I was expecting more than two lakhs but given only 75 thousand.
The main thing is followups are good, If I place any request for a financial products and they are just taking 7 to 8days and getting the card. I am very much happy with the service and response. I am having mobile application and there was no difficulty to access.
For fuel, Indusind Bank is charging more surcharges. If I spend for Rs.100 and they were charging 11rupees extra when compared with other banks. I got a life time free card. I am expecting more limit but it was very lesser for me even my credit score is good. There is no offers as of now.
No particular reason for choosing the indusind bank. I have not received the card on time and they have delayed almost for 3 weeks. I'm satisfied with the credit limit provided to me. They need to communicate with the customer regarding the additional information about the credit card details. I did not received the welcome call and my credit card has been blocked and when i contact the customer care, they said i need to submit some more documents.
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Reviewed on Sep 16, 2019
I am impressed with quick response of Bankbazaar.com. I have been using the website for frequently and recently have purchased the policy. Its easy to compare and enquiry. The website is good and user friendly. The response was very prompt from the customer support.
Indusind Bank credit card is good and also the charges are standard like other banks. They have provided the credit limit according to the eligibility. There is no annual fee. There is no much reason for getting the card just wanted to have a card from Indusind Bank Ltd.