First, loss reporting and cancellation are two concepts, which are qualitatively different. The main reason is that if a user reports the loss of a credit card, the bank will directly transmit the relevant information to the international credit card organization, so that the card cannot be traded immediately. If there is a risk, the bank will bear it. If you just cancel the card, you don't need to upload the card information to the international credit card organization.

Second, the magnetic stripe information of the lost credit card is complete, and criminals can steal the magnetic stripe information and then use it. Potential risks exist, and the consequences are borne by the customers themselves. If the lost credit card is reported first and then cancelled, all risks arising thereafter shall be borne by the bank.

3. The risk after card cancellation does not mean that the card can be directly traded after cancellation. The cancelled credit card account has been frozen and cannot be traded. However, the magnetic strips of cancelled credit cards and physical cards have not been destroyed, and the information in the magnetic strips is complete.

Fourth, criminals are likely to steal the cardholder's information in the magnetic stripe, and then activate the cancelled credit card again during the waiting period after the credit card is cancelled. As long as the cardholder applies within a certain period of time and passes the bank evaluation, it can be reused. Once stolen, all losses will be borne by the cardholder.

Extended data:

After reporting the loss of a credit card, you can apply for a replacement. The general bank will issue a card issuance notice within 5- 10 working days after receiving the application for card replacement, and the card will be sent to the cardholder by mail or express delivery. The card number of a normal credit card is unchanged.

After the loss of a credit card is reported, the general bank will freeze the card, which means that the cardholder's card can't be used for the time being, which generally does not affect the repayment. Cardholders still need to pay off their bills by bank transfer, Alipay, WeChat or other forms before the due repayment date. The bank that reports the loss of the card will not extend the repayment period, which requires the cardholder's special attention.

Phoenix. Com- Is reporting the loss of a credit card just cancellation or unsafe?