Home » Finance

Losing Your Student Credit Card

Jul 27, 2008
Student credit card offers you many advantages other than providing fast access to credit and cash. The card makes possible for students to earn rewards or cash back on their expenses. It allows them to build their own credit history and prepares them to take on their responsibilities individually. Whether you are a regular student or a school dropout, student credit card offers you immediate financial help.

With this type of credit card, you may look forward to applying for loans with any credit lending institution. You may buy a car or rent a house as and when needed. As an introductory offer, this credit card comes at 0 percent interest.

You need not pay towards the card usage initially for six months. The interest rate is applicable only when you make any purchases through your card. With so many benefits, all at the cost of one credit card, you need to take proper care of it, so it is neither lost nor stolen or misplaced.

What If The Card Is Lost?

First, do not get scared, if you lose your student credit card. To prevent someone from using it in an unauthorized manner, follow the steps given below:

Bring it to the notice of the credit card company immediately. Inform the firm in writing about the loss, clearly mentioning the day and time when you lost the card. According to the federal law, if you report about the loss immediately before someone else uses it, the loss risk is of $50 only on the credit card. If you delay informing the concerned authority about the loss, you may have to pay much more. Hence, act quickly, when you lose the student credit card.

When you inform the card issuer on time, you are not held responsible, if any unauthorized transactions are done through that card. After a period, say 60 days, the thief may empty your balance account. You may someday receive an overdraft statement from the credit card issuer asking to clear the entire amount other than penalties.

Stay in touch with the credit company, until they rule out some other option in your favor. Make constant phone calls since you inform the credit card loss and send reminder mails to show them your concern over the loss.

Keep an eye on the account you hold with the credit-lending firm. Ever since you inform the loss of card, check the statement of account regularly. If you have an online access to account, go through it and save a copy of the latest updates. Preserve the purchase receipts, if you have made purchases through the credit card before it got stolen or lost.

Have Patience:

Look around in your place of residence. Chances do exist of you finding the card lying in any corner of the house. If you do not find it within a hour or so, let the authorities know the loss at once so they take the necessary steps to deactivate the card. Make sure that you don't wait til the next day because remember, it doesn't cost anything to get a new card.
About the Author
Find the best student credit card and more of Tom's work at FINDcollegecards.
Rating:
Please Rate:
(Average: Not rated)
Views: 123
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources