By OneCard | January 29, 2025
A credit card has two main security features that protect you against security and fraud: an EMV chip and a magnetic stripe. The EMV chip is a small, metallic square on the front of your card that stores your card’s information and helps protect against fraud. On the other hand, the magnetic stripe on the back of your card is a black stripe containing the same information as the chip.
However, the chip can sometimes get damaged due to rough use or a spill, and your card can be compromised. A damaged credit card is of no use and should be promptly replaced with a new one. Here’s a guide to help you apply for a replacement credit card.
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You can replace your damaged credit card through various options, such as visiting the branch or using net banking to apply for one. While reporting your damaged credit card, you can choose to request a credit card reissue. Here are a few ways to do so:
Visit your credit card issuer or bank’s website and login into your account with your credentials.
Select the credit cards section from the menu bar and choose the card you want to block.
Give a reason for selecting the credit card, such as a lost or damaged one.
Select the “Replace or reissue” tab and proceed to submit.
Once you’ve reviewed and confirmed the details, submit your application.
Receive your replaced credit card within a few days.
If your credit card issuer has an app, you can block your damaged credit card and place a request for a replacement credit card.
Visit the nearest branch and report the damaged credit card by filling out a form to block the existing credit card and requesting a replacement card.
In case of a damaged or lost credit card, taking quick action is crucial. You can call the bank’s customer toll-free number to report the issue and apply for a new replacement card. Keeping your credit card issuer’s contact information handy is essential in emergencies, such as a lost or damaged card.
Also read: How to Block and Unblock Your Credit Card
A credit card can get damaged in various ways, including scratches on the magnetic stripe or due to the rough usage of the credit card. Here are a few possible reasons for your credit card to be damaged:
If your card’s magnetic stripe is demagnetised, it has been damaged. This means that when the credit card comes in contact with a magnet, the iron particles on the stripe are randomly shuffled, causing a loss of information.
The magnetic stripe on your card does not play well with other magnets, although it takes a fairly strong magnet to cause your card to stop working. For instance, bringing your credit card to a room where the MRI machine is operated could do the damage.
Most credit cards can withstand years of wear and tear. But rough usage with bends or scratches could damage them beyond use.
If you have lost or damaged your credit card, it is crucial that you report it to your credit card issuer and block it immediately. Remember, the next time you have a damaged credit card that has stopped working, consider this guide to block your card and request a credit card reissue.
**Disclaimer: The information provided in this webpage does not, and is not intended to, constitute any kind of advice; instead, all the information available here is for general informational purposes only. FPL Technologies Private Limited and the author shall not be responsible for any direct/indirect/damages/loss incurred by the reader for making any decision based on the contents and information. Please consult your advisor before making any decision.
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