Usually when were travelling overseas, we get so caught up with the excitement of the activities that we dont usually notice that something is missing until it is too late. It has been a known fact that when travelling, we have to carry every important document (passport, credit card, IDs etc.) with us at all times. However carrying them around everywhere also places these documents in danger of being lost or worse, stolen. Sometimes no matter how hard we try to avoid these disasters, they still end up happening anyway. Luckily, there are many tips on how to manage these stressful situations.
1. Copy Every Document
When some people travel, they usually keep a scanned copy of every important document they bring along with them in their emails for easy access. Make sure that both sides of the documents are scanned. However,n if you feel unsafe about this, you can always place these scanned files under a password protected folder or zip file.
2. Review the Policy of Your Bank
Before leaving the country, it is always wise to do a little bit of research regarding your banks policy first. It is important to find out on whether your bank has a branch in the country youre going to or if they can replace lost credit cards immediately. The contact number of your bank must also be saved on your phone in case of emergencies. You can also alert your bank about your trip abroad. Usually getting a replacement credit card while youre abroad will be more complicated if your account is in a small bank. However, large banks like HSBC or Citibank have numerous branches around the world that can accommodate you easily.
3. Call Your Bank Immediately
Don’t wait for a few hours before calling your bank since there is always the possibility that your lost credit card could have been stolen. Waiting a few hours might actually give the thief a chance to use your credit card. Once the bank is called, they will put a 24-hour hold on your account. This gives you time to retrace your steps or go back to your hotel to check. At the end of the 24-hour period, you can call the bank again to inform them of the status of your credit card, on whether it was found or not.
4. Bring Extra Cash
It will usually take 2-4 days before your credit card is replaced, which is why a secret stash of money is important so you can have money to spend on food or transport while waiting.
About the Author:
This guest post was written by Charles. Having worked in the finance industry for many years, Charles has aquired much knowledge on how to deal with unfortunate circumstances relating to credit cards. He is also a content writer for creditcards.com.au.
