What are the credit card loss protection services? Lost card protection means that after a credit card customer loses his or her credit card, if the cardholder applies to the bank to report the loss as soon as possible, the bank will protect the cardholder from any damage caused by the card being stolen within a certain period of time before the loss is reported. Compensation for losses. The terms of credit card loss protection services vary from bank to bank. We take Ping An Bank's lost card protection service terms as an example to explain the main contents of the credit card lost card protection service: 1. Lost card protection time. The lost card protection time refers to how long the credit will be lost due to the loss of the credit card, and the bank will bear part of the responsibility. Ping An Bank stipulates that any loss on card consumption caused by credit card theft that occurs within 72 hours before reporting a loss can be borne by the Bank. If the compensation terms of the lost card protection are met, the Bank will provide you with a corresponding amount of compensation. 2. Card loss protection content. The coverage of lost credit card protection stipulated by Ping An Bank includes: Protection 1: Loss protection for card consumption (only confirmed by signature); Protection 2: Loss protection for credit card robberies and cash withdrawals (with cash withdrawal password). 3. Protection limit for lost cards. Ping An Bank stipulates that the card loss protection limit shall not exceed your fixed credit limit, with a maximum limit of RMB 50,000.