Losing a credit card is a situation that is the most dreaded. What will you do if you lose your credit card? Probably you will panic the most common thing people do in such distressed situations. But please don’t lose hope, all is not lost yet. As soon as you come to know that you have lost your credit card contact the issuer and inform him of the loss. On a missing credit card report filed the issuer will either stop all further transactions on the card or cancel the credit card and issue a new one.



The credit card issuers will definitely protect you from any losses and unauthorised use of your credit card as soon as you report to them about the stolen, missing or a lost card. After you have reported about the loss you no longer remain liable to any transactions or purchases that might be carried out using your card. If any transactions take place before reporting the maximum liability is $50.  In case you lose only the credit card number and not the credit card then you have no liability what so ever. So do not panic. Stay calm and composed and immediately report the loss of your credit card to escape any monetary liabilities.



Sometimes it might happen that someone returns the credit card back or you might be just lucky to trace it back. In such cases do not take a risk of continuing with the same card and number. Immediately get the cards cancelled and a new one issued in return. These days technology is very advanced and you can easily monitor each and every transaction via your card. Make sure you check out your transactions from time to time so that any unauthorised transaction or a case of identity theft can be immediately detected.

Credit cards are a type of unsecured loans given to you by your bank. They are unsecured because the bank does not take any collateral for giving you credit cards. Different banks charge different interest rates. However in the initial period interest is 0% which later becomes 2 or 3 percent after the expiry of the introductory period.


When you select to go for a credit card you need to make sure a few things so that you do not lose a huge amount of money on a later date. The most important thing to make sure is the amount of interest you will be charged after the introductory period. Compare this with other credit card providers and go with the bank charging the lowest interest rates.

The APR in the 0 APR credit card stands for Annual Percentage rate. If you have a 0 APR credit card it means that you can buy anything today and repay the bill later that too with no interest. You pay the actual amount you spent on the particular thing you bought using the 0 APR credit card.

One needs to be careful while applying for such a card because in most of the cases the 0% interest rate applies only for a small period of time. After the completion of the period you are charged interest which can be higher than the normal market rates. Hence if you are not careful enough while using the 0 APR credit card then there are chances that you will lose quite a lot of money on a later date.