What Should You Do If You Find a Credit Card?
Found a lost credit card? Learn the responsible steps to take, ensuring its safe return while protecting yourself from potential complications.
Finding a lost credit card can present an unexpected dilemma. Handling it correctly is important for both the cardholder and the person who finds it. Understanding the proper steps ensures responsible action and helps protect against potential misuse.
First Actions to Take
Upon finding a credit card, the immediate priority involves securing the card to prevent it from falling into the wrong hands. This means picking it up and keeping it safe, rather than leaving it exposed where others might find it. Under no circumstances should you attempt to use the card for any purpose. Using a credit card that does not belong to you, even if found, constitutes theft and can lead to serious legal consequences, including charges of fraud. Misusing a found card could result in criminal charges, ranging from misdemeanors to felonies, depending on the value of goods or services obtained and state laws. Penalties may include significant fines and even imprisonment. Federal laws also address fraudulent use of credit cards, with potential penalties of up to 10 years in prison and $10,000 in fines for certain offenses.
How to Return the Card
Contact the issuing bank directly. You can typically find a customer service number on the back of the card itself. If a number is not visible, a quick online search for the bank’s general customer service will provide the necessary contact information. When speaking with the bank, clearly state that you have found a lost card and wish to report it. The bank will then take steps to cancel the card and issue a new one to the rightful owner, often contacting the cardholder themselves. This secures the cardholder’s account and prevents unauthorized charges. While you might find other identification with the card, it is recommended to route all returns through the official channels of the card issuer to protect privacy and avoid complications.
Actions to Avoid
Never attempt to use the card for purchases, as this is illegal and carries significant legal ramifications, including charges of theft and fraud. Even if the amount is small, using a found card can lead to severe penalties. Do not simply throw the card away without proper destruction, as it could still be retrieved and misused by others. Avoid posting details about the card or its owner on social media, due to privacy concerns and security risks.