Do you know what to do if you were in her situation? Hi, I’m Z, and in today’s BearWatch, we’ll be teaching you what to do when your credit card has been stolen The first thing you need to do is call up your bank or credit card provider and report your stolen card
Do this quickly so your card can be suspended as soon as possible You don’t want a thief to get up to mischief with your card Next, you should make a police report This is so you can verify your story Otherwise, anyone could simply claim their credit card was stolen to avoid paying their credit card bills
Don’t forget to get a copy of your police report too, especially if your bank or credit card provider requires documentary proof Read the Association of Banks in Singapore guidelines regarding identity theft Note that: Unless you are deemed grossly negligent, the maximum liability you face should be capped at $100 Of course, you have to report the loss within a reasonable time Also, the bank cannot charge you late fees and interest while investigations are still ongoing
There should be no liability on your part in the event of a Card Not Present (CNP) theft Your credit card may not just be physically stolen these days With more and more people transacting over the Internet, your credit card details could easily be stolen online If someone has stolen your credit card details online, they may also have access to many of your online accounts So be sure to change all the passwords to your online accounts
We’ve come to the end of the episode Be sure to subscribe to GoBearTV for more informative videos Stay safe, and see ya!