Did you recently lose your Discover® credit card? Losing a Discover credit card can be a frustrating and stressful experience. If you act quickly and take the necessary steps to protect your account you can prevent fraudulent charges and added stress. In this article, we will guide you through the steps you should take if you lose your Discover® credit card.
Step 1: Take Immediate Action – Get a hold of Discover® Right Away
The first thing you should do when you realize your Discover credit card is lost is to take immediate action. Contact Discover’s customer service team immediately, either by phone or through their online portal. The number for Discover customer service is 1-800-DISCOVER (1-800-347-2683). If you have the Discover mobile app, you can also report the lost card through the app.
Step 2: Cancel the Card
The next step is to cancel your lost Discover credit card. This will prevent anyone from using the card and will also protect your account from fraudulent charges. Discover’s customer service team will cancel your lost card and issue you a new one. You can also freeze your card via the app immediately to stop any chance of fraudulent use.
Step 3: Verify Recent Transactions
When you are in a panic and worried about getting a hold of Discover, it might be easy to overlook checking online what transactions are yours. Once you have reported the lost card to Discover, check your account to verify recent transactions. If there are any unauthorized charges, report them to Discover’s customer service team immediately. They will investigate the charges and take the necessary steps to protect your account.
Step 4: Update Automatic Payments
This one can be easy to overlook. If you have any automatic payments set up with your lost Discover credit card, you will need to update the payment information with your new card number. This will ensure that your bills are paid on time and will prevent any missed payments or late fees.
Step 5: Monitor Your Account – Keep a lookout.
After reporting a lost Discover credit card, it’s important to monitor your account regularly for any suspicious activity. You can sign up for Discover’s fraud alerts, which will notify you of any unusual activity on your account. You should also review your monthly statements carefully to ensure that all charges are accurate.
Step 6: Consider a Credit Freeze
Many people don’t know about this one. But it’s very easy to do and can help over the long run. If you are concerned about identity theft or fraudulent charges, you may want to consider placing a credit freeze on your account. This will prevent anyone from opening new accounts or obtaining credit in your name without your permission. Contact the credit bureaus (Equifax, Experian, and TransUnion) to place a credit freeze on your account.
Don’t let losing your Discover® credit card freak you out. By taking the necessary steps to report the lost card and protect your account can give you peace of mind. Contact Discover’s customer service team immediately to cancel your lost card and report any fraudulent charges. Monitor your account regularly and consider a credit freeze if you are concerned about identity theft. With these steps, you can protect your finances and minimize the impact of a lost Discover credit card.
How to activate your Discover card after it’s lost / stolen
Activate your new card:
Once you receive your new Discover card, you can activate it online, through the Discover mobile app, or by calling customer service. You will need to provide your card number, expiration date, security code, and Social Security number to complete the activation process.
Once your new Discover card is activated, you can start using it again. Make sure to set up PIN protection for your card if you haven’t already.
Difference between freezing a Discover card and reporting it as lost
Freezing a Discover card and reporting it as lost are two different ways to protect your account from unauthorized activity.
Freezing your card means that Discover will not authorize any new purchases, cash advances, or balance transfers on your account. This is a good option if you think you may have lost your card but you are still hoping to find it. You can freeze your card online, through the Discover mobile app, or by calling customer service.
Reporting your card as lost means that Discover will cancel your existing card and issue you a new one. This is the best option if you are sure that your card is lost or stolen. You can report your card as lost online, through the Discover mobile app, or by calling customer service.
Here is a table summarizing the key differences between freezing your Discover card and reporting it as lost:
| Feature | Freezing your card | Reporting your card as lost |
|---|---|---|
| Prevents new transactions | Yes | Yes |
| Prevents cash advances | Yes | Yes |
| Prevents balance transfers | Yes | Yes |
| Cancels your existing card | No | Yes |
| Issues a new card | No | Yes |
In general, it is a good idea to freeze your card if you think you may have lost it but you are still hoping to find it. If you are sure that your card is lost or stolen, you should report it as lost immediately.
What happens to your old Discover card account and statements vs your new card after it’s filed as lost / stolen
When you report your Discover card as lost or stolen, your old card account will be closed and a new card account will be opened. Your old statements will be available online, or you can still request them by calling Discover customer service. Your new card account will have a new account number and expiration date, but your credit history and credit score will remain the same. You will also have access to the same online features and benefits as before.
Here is a table summarizing the key differences between your old and new Discover card accounts:
| Feature | Old card account | New card account |
|---|---|---|
| Account number | Closed | New |
| Expiration date | Expired | New |
| Statements | Online and request by mail | Available online |
| Credit history | Remains the same | Remains the same |
| Credit score | Remains the same | Remains the same |
| Online features | Same | Same |
| Benefits | Same | Same |
How long does it take to get a new Discover card after it’s been closed lost / stolen
If you’ve reported your Discover card as lost or stolen, you can expect to receive a new card within 5-7 business days. Discover will expedite the shipping process for replacement cards, and there is no fee for a replacement card.
Here’s a breakdown of the expected timeline:
- Request for a replacement card: You can request a replacement card by calling Discover customer service at 1-800-347-2683, reporting your card as lost or stolen through the Discover mobile app, or initiating the process online through Discover’s website.
- Processing and issuance: Once your request is received, Discover will process it and issue a new card. This typically takes 1-2 business days.
- Shipping and delivery: The new card will be shipped via expedited shipping, which typically takes 3-5 business days.
So, under normal circumstances, you can expect to receive your new Discover card within 5-7 business days after reporting it as lost or stolen. However, there may be some delays due to factors such as shipping disruptions or high volume of requests.
Compare the top Excellent Credit Card Offers - CreditSoup Balance Transfer Cards
As an Amazon Associate I earn from qualifying purchases. Also, I get commissions for purchases or applications made through links in this post. View our full Advertiser Disclosure Here