Can a stolen credit card be recovered?

Whether a stolen credit card can be recovered depends on why it was stolen. If it was stolen online, it is usually very serious. It is difficult to recover.

If your credit card is stolen in life, it can usually be recovered. After your credit card is stolen, you should call the bank’s customer service as soon as possible to apply for freezing the credit card and tell the bank that your credit card has been stolen. If it is swiped, the bank will handle it immediately. You also need to call the police in time and cooperate with the police investigation to try to find the person who swiped the money as soon as possible.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , deposit and withdraw cash, etc., an electronic payment card with all or part of the functions? On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Credit card is a non-cash payment method and a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

Credit cards are issued by commercial banks to individuals and organizations. They can use them to shop and consume with specially appointed organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), join VISA, MASTER Wait for international credit card organizations to make it universally applicable.

How to save yourself if your VISA card is stolen and fraudulently used abroad

The author has had the experience of being fraudulently fraudulently used in the United States, but at that time, I couldn’t find any helpful posts on the entire Internet. I tried to cross the river by feeling the stones to save myself, so I came up with the idea of ??sharing my experience with friends who need it, so that everyone can avoid detours.

Visa credit card is a credit card that can be used across countries in multiple currencies. Basically every friend who goes abroad will hold one. It is a magnetic stripe card, which is less secure than the chip savings cards we usually use, and has greater information security risks.

Its security risks are mainly reflected in two aspects: First, if the consumption amount is less than 100 US dollars, you do not need to enter the password set when applying for the card on the POS machine when using the Visa card abroad. , you need to sign the receipt.

Second, there is a three-digit cvv on the back of the Visa card. As long as you know these three-digit password, plus the one on the front of the card and the validity period of the card, you can use this information to make purchases online without using Visa. card itself.

Then let’s talk about the author’s tragic experience of having his Visa card stolen and his clever self-rescue process.

The author is a poor exchange student. In the second month after arriving in Missouri, the information on his visa card was leaked. Criminals used the information on the card to steal a sum of $180 online. Consumption, God knows how desperate I feel when I can’t bear to eat or wear clothes, but I’m being robbed by misfortune. So, I took the following steps:

Firstly, I saw the global 24-hour hotline on the back of the Visa card. I called the phone and informed the operator that my card information was leaked and swiped. situation, request them to freeze the card through the bank in time to prevent secondary theft.

Secondly, in order to confirm whether the Visa card is really in my hand and has not been lost, the bank requires me to find a POS machine at my location within 24 hours to swipe the card once, so that the bank can receive the "last number" The message "The credit card for xxxx failed to be swiped somewhere in Missouri, USA at what time". First, it proves that the card is in the author's hands, and second, it verifies that the card has been successfully frozen by the bank. The author suggests that when you encounter this situation, it is best to find a self-service vending machine, so that you can swipe the invalid card generously!

Thirdly, the time when the author encountered fraud coincided with China’s National Day, so the bank’s Visa center was also on a shift system. Although it was urgently filed, the manpower was still limited. In addition, the US$180 was too much for various large banks. The case is really a small amount of money, so if you just rely on and trust the bank, maybe whether the money can be recovered is really left to chance. The author is a person who has never been afraid of trouble, and has always believed that there must be more solutions than difficulties, so he started on the road to self-help.

Fourthly, everyone should have heard of the mother-child card. In other words, the author’s Visa card is the parent’s supplementary card. Through the parent’s bank app, you can check the author’s card consumption records and store names, etc. Related information. With the help of foreign aid from my hometown, I found out that the store where the criminals bought goods was an official online clothing store, so I found the store's email address through Google (the United States attaches great importance to the use of email addresses), and edited an email about the author's credit card It was stolen. This order was not my intention but was fraudulently stolen. I hope the merchant can help intercept the logistics and cancel the order.

The content of my letter is for your reference below:

Hi, Ireceivedamessagethatmycreditcardhadaconsumptionfor180dollarsat7.29pmon9/30/2019.Thatisnotme!Idobelievethatmycreditcardnumberhasbeencausedbyinternethackerstointerceptandthenbeingfalselyfraudulent.

Iimmediatelycontactedthebanktofreezethecreditcard.PleaseDONOTdeliver thegoodswhichisnotboughtbymyselfandreportthisaccidenttothepolice.Mycreditcardnumberisxxxx，Mynameis crab-flavored cookies，Mycreditcardbankcustomerphonenumberisxxxx .

Ihave reportedtothebankandtheChinesepolice.Itishighlyappreciatedthatifyoucansupportdealingwiththecrime.

Thankyouverymuch!Hopeyoucanreply!

A few very noteworthy points are:

First, if If you want your email to be discovered by merchants faster, you should have an eye-catching title. For example, I set the email title as "Urgentfraudulentaboutcreditcard", which means urgent credit card fraud.

Second, you must clearly write your name and the time of the fraud in the email.

Third, there is no need to worry that American businesses turn a blind eye to such incidents in order to make money, because they will bear huge compensation if exposed. However, from an insurance perspective, I mentioned this matter in the letter. Already reported to the police and attached the visa card global 24-hour hotline number, which can increase the merchant's attention to the matter.

Finally, I sent the email the night before and received a reply from the merchant the next morning. Not only did they close the order for me and recover the $180, they also informed me of the suspect’s specific information. The merchant was very kind to me for providing it to the police. He thanked me for notifying them of this theft case and said that if the police needed to further investigate, they would definitely cooperate. At the same time, I am particularly grateful to the United States for its slow delivery speed, which gave me more opportunities to race against time.

Attached is the merchant's reply:

Hello,

Thankyou for informingusaboutthefraudulentorder.

We'vealreadyrefundedthe$180chargebacktoyourVisaendingin7564aswesuspecteditwasanauthorizedcharge.

Thisisthecustomer'sinformation

xxxxxxx

If you have any other question or need further assistance, please feel free to emailus.

Thank you!

This matter is finally over. Parents, For safety reasons, I was not allowed to call 911, but at least I got my money back.

Generally speaking, there are two types of Visa card fraud:

First, the card is lost, which is divided into two types. One is small fraud under 100 US dollars. A signature is not required for fraudulent transactions of a large amount; the other is for large-amount fraudulent transactions of more than 100 US dollars, which requires a signature. Having fonts as evidence will be easier to deal with and solve than direct plagiarism.

The second is the information leakage that the author encountered. Later, after my recollection, I thought that the three-digit CVV password on the back of the card was accidentally photographed by a surveillance camera while swiping the card in the supermarket. I also recommend that everyone remember it. After applying the CVV, use correction fluid to remove it to prevent the relevant information from being captured by the camera.

Here is another safety tip that many people don’t know. There is a function called “security lock” in the bank app, which is specially designed for credit cards. When you are not using your credit card, turn off the credit card consumption function through the app; when you need to use the credit card to make purchases, turn on this function through the app. It's a bit like being able to control whether to freeze a credit card. Although it sounds a little troublesome, it can indeed ensure the safety of your assets.

The author particularly hopes that no one will encounter such a bad thing, but if it does, I hope this article can help you save money.

Don’t be afraid of difficulties and troubles, because it can increase our conversation in the future and make you a person with a story. The author is particularly proud that he was able to save himself successfully and wrote this article to help more people who are drifting away! So don’t be stingy with your rewards!

Weibo: These are crab-flavored cookies

Public account: Diary of studying abroad in the United States

Station B: Have you eaten your cookies?

The domestic dual-currency credit card visa channel was stolen and the responsibility lies with you Who

The domestic dual-currency credit card visa channel has been stolen. The responsibility for domestic fraud lies with the cardholder, and the responsibility for foreign fraud lies with the merchants and banks.

Enable the SMS reminder function to notify the bank immediately once suspicious transactions are discovered. Unlock your credit card password before going abroad, because you cannot enter the password when using a mainland bank credit card overseas. If a password is set on the card, the bank defaults to authorization from the cardholder, so it is easy for the bank to shirk responsibility if fraud occurs.

Write down the last three CVC numbers on the back of your credit card and scratch them off. These three digits are security numbers, not even the card issuer knows, only the cardholder will see them. Overseas online shopping is not as safe as domestic Taobao. Overseas websites only need to enter the validity period, name and three-digit security number to make purchases. No verification is required

Students who have lived abroad for a long time can apply for a local bank credit card. Although it is not as convenient as directly swiping a mainland card, local credit cards can help accumulate personal credit, and at the same time it is difficult for criminals to steal money

After reporting the fraud to the bank, they follow up from time to time. Bank of China’s service is poor and inefficient. If you can't destroy it, be prepared for a long-term struggle

When reporting a crime to the bank, collect your emotions. If you are too frightened, it is best to write down what you want to say in notes to avoid missing out. International long distance calls are very expensive to deal with the bank. Your attitude on the phone should be firm and calm.

Six steps to prevent theft of credit cards abroad

The daughter of a mother who is very popular on Weibo is studying abroad, and her credit card was stolen for $500. Credit card security has always been something that cannot be ignored. Question, as an overseas person or a friend traveling abroad, how should you prevent the risk of credit card theft?

First, activate the SMS reminder function. Once a suspicious transaction is discovered, the bank will be notified immediately. It is recommended to unlock your credit card password before going abroad, because you cannot enter the password when using a mainland bank credit card overseas. If the card has a password, the bank defaults to authorization from the cardholder, so if fraud occurs, the bank can easily shirk responsibility.

Second, sign your name on the back of the credit card and swipe the card with your signature. In this way, even if the credit card is stolen, since it is not your signature, the merchant is responsible for bearing the risk of swiping the card.

Third, write down the last three CVC numbers on the back of the credit card and scratch them off.

These three digits are security numbers, and even the card issuing bank may not know them. Therefore, as long as the cardholder remembers the security code and then scratches it off, the risk of online shopping fraud can be greatly reduced.

Fourth, it is necessary to develop good credit card swiping habits. When using cards externally, remember not to let the card leave your sight. In particular, do not give your card to a waiter in the store to swipe it easily, and keep the card with you to avoid the card being stolen or the card information leaked.

Fifth, try to choose formal online shopping channels, such as Amazon.

The sixth step is to create conditions and apply for local bank credit cards as early as possible. Although it is not as convenient as directly swiping a mainland card, local credit cards can help accumulate personal credit and are less likely to be stolen.

That’s it for the introduction to Visa credit card fraud.