Question

What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?

Answer 1

Thanks for the question.

The first thing that is to be done when there is a fraudulent charge of one's credit card is to call up either the toll free number of the respective bank or the bank directly and get the credit card blocked. Then inform the bank in writing giving all details of transaction amount and date etc. for further inquiry. Also avoid any sort of further online shopping or payments where credit card needs to be used. In a country like India, no financial institution or company works actually on time (very unfortunate to write this) and provides immediate resolutions to our grievances so one has to keep a tab regularly on the complaint submitted.

Hope it helps and solves your query too.

Answer 2

Hello friend,

If you notice a fraudulent charge on your credit card, the first thing you should do is call the toll free number or the bank directly and block the card. This would inhibit the person of using it again. Next file a complain against the fraudulent charge and track the user. This would surely help the owner get to the root of it and also save his bank account details. He must also apply for a new credit card for further usage.

I hope the answer is helpful enough,

Thanks for asking.