There is no need for a password to use a credit card overseas, and transactions can be done only with a signature, which also gives criminals an opportunity to steal credit cards secretly. After all, as long as someone has mastered your credit card number, expiration date, and security code overseas, he can use your card to consumer. So, what should you do if your credit card is stolen overseas? Let’s find out together.
To be honest, many people think that a credit card signature in transaction is safer than setting a password, but this is not necessarily the case for overseas consumption.
There are many reports that cashiers in some countries will copy credit card information for illegal usage. That means that once your credit card is out of sight, your card information may be leaked. Then the cashier can enter the cardholder’s information on overseas websites, such as the card number, expiration date, name, and security code, and then the card is stolen.
If you find that your credit card has been stolen, it is recommended to do so!
1. Immediately call the customer service of the card-issuing bank to explain that the credit card has been stolen overseas. The customer service will freeze the card after verifying your identity so as to avoid further theft.
2. The customer service will ask for evidence to prove that the card is on yourself and the off-site consumption has nothing to do with you. Then you can make an inquiry according to an ATM machine nearby, because the transaction will fail if the card is frozen, and you need to save the document of the failed transaction as a certificate.
3. After the bank proves that the credit card has indeed been stolen, it will report the situation to the anti-fraud department which will contact the merchant to recover the money. If the funds have not been cleared, the bank will ask the settlement party to revoke the transaction, and then the stolen money will be returned to your account. However, this process will be relatively long, and the losses may not be recovered at last. It is recommended to be prepared for a long-term process.
Therefore, in order to avoid this situation, you must pay attention to the safety of your credit card when you use it overseas. When swiping the card, you must not let the card out of your sight, and always pay attention to the cashier’s actions to avoid your information to be stolen.