Lost your credit card? Here are the steps you should take urgently

Time is of importance in the scenario of a credit card loss or theft, so you must act promptly. Take these steps

Using a credit card has become a habit for many, as it's easy to make several transactions using a single card rather than carrying cash. However, with the ease, there is also a risk just in case you misplace your card.

What's important is to know the steps that you must take just in case the card is lost. Here's what you can do:

Inform the issuer immediately

Time is of importance in the scenario of a lost card — someone in possession of the card could potentially make multiple transactions within minutes and you could lose lakhs of rupees.