Most individuals panic when they lose their credit cards. It isn’t surprising considering the increasing number of online thefts. Here’s what you need to do if you lose your credit card. Most banks have similar procedures for blocking credit cards.
However, the easiest and most convenient way to block a lost card is using an IVR system or using web portal. Call the Customer Care number of your bank in your city and follow instructions. Individuals can cancel lost card on phone to ensure it is not misused. You will have to confirm your bank details on phone before your card is blocked.
Duplicate card will be issued within a week from when your lost card has been blocked. When you use the bank website you will have to log in to your account and click on ‘Credit Card Blocking Option’ listed under Requests Section (ICICI Bank).
This option available will vary in accordance with the bank; however procedure will be the same. Once you click on ‘Block’ select Card Replacement Related option. In the subsequent window click Replacement of Card. Some banks may charge a nominal replacement card fee.