If you’re reading this blog, you must have lost your wallet. You hurriedly look through your wallet multiple times to find it but in vain. Since your wallet is the safe place for some of your most priceless things, losing it may be a terrifying experience. You may experience stress as a result, which makes you exposed and vulnerable in every manner.
Credit or debit cards are becoming one of the methods people want to track their misplaced wallets. Buying goods and services online is now easy because of the convenience and popularity of credit and debit cards.
Carrying currency is inconvenient, and online transactions have replaced our custom of calculating change when making purchases.
Do you want to know if debit or credit cards can serve as tracking devices? You’ll need to read through our blog for a detailed analysis.
Can you track lost wallet through credit card or debit card?
The answer to your question is a resounding no. We are aware that tracking your wallet using a credit or debit card seems like something out of a detective film, but sadly, it is not that easy. Why?
Your credit or debit card does not have an inbuilt tracking chip; therefore, you cannot follow its locations. Modern cards do have embedded EMV chips, which assist in the battle against fraud and enhance card security, but that is pretty much it.
Of course, digital traces are left behind when you use your debit or credit card, but they are more for finance-based matters than for location-based reasons. Although neither credit nor debit cards have a tracking feature, there are a few other techniques you might use to find your lost wallet.
Method 1: Track the transaction history of your cards
The method will be useful if your missing wallet contains your credit and debit cards. Making our debit or credit card secure is what we do first of all after losing our wallet, isn’t it?
Every time we make a purchase with our card, a digital record of the transaction is generated. You must now obtain that record to find out their whereabouts.
Log in to your bank’s mobile applications or online banking accounts whenever you want to view the transaction history. You have to look really hard to observe any odd behavior from your credit or debit card. If you’re lucky, you might learn the merchant’s address and the time of invoicing.
The process will show you when and where your wallet was last used, which might help you narrow down your search.
The strategy can occasionally fail, especially if no one has ever made a transaction using your cards or if real-time location information is inaccurate when payments are made. We’ll now look at how to close these gaps below.
Method 2: Report the lost credit/debit card to your bank
One of the best and safest bets is to contact the bank issuing your debit or credit card to report missing. You must be cautious and responsible as a cardholder and make sure your bank supports your efforts.
It’s time for you to use the 24/7 customer service that the majority of banks now offer for the convenience of their customers. You must be prepared with your basic card information, such as the cardholder name and card number, to make the job of the customer team member easier. Make sure to block your card if any unauthorized transactions are being made using your lost card. You may additionally change your card’s PIN to stop transactions.
Some banks could go the extra mile and use the transaction history to aid in the location-tracking of your cards. They take this measure by monitoring the buyer’s behavior in cases of fraudulent purchases.
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