Lost or Stolen Cards, Credit Card Account Numbers or Access Devices Clause Samples
This clause outlines the procedures and responsibilities related to lost or stolen credit cards, account numbers, or other access devices. It typically requires the cardholder to promptly notify the issuer if their card or account information is lost or stolen, and may describe the steps for reporting, liability limits for unauthorized transactions, and how replacement cards are issued. The core function of this clause is to protect both the cardholder and the issuer from fraudulent use and to clarify the process for minimizing financial loss and restoring account security.
Lost or Stolen Cards, Credit Card Account Numbers or Access Devices. If any Card, Credit Card Account number or Access Device is lost or stolen, or if you think someone used or may use them without your permission, notify us AT ONCE by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You agree that we may close your Credit Card Account to new transactions, change your Credit Card Account number and issue you a new Card(s) and new Access Devices with a different Credit Card Account number if we have been notified of the possible loss, theft or unauthorized use. If we do this, you must notify anyone you have authorized to submit and post charges to your Credit Card Account of your new Credit Card Account number. Do not use your Card, Credit Card Account number or Access Device after you notify us, even if your Card or other Access Device is later found or returned.