Do Lost or Stolen Credit Cards Hurt Your Credit Score?

Laura answers questions about how replacements for lost or stolen credit cards affect your credit. Find out how to protect your credit and the best places to get your reports and credit scores for free.

Laura Adams, MBA,
Episode #428

How to Check Your Credit Reports

The real risk to your credit score with a reissued credit card is what happens to any automatic payments, such as toll passes, utilities, or gym memberships.

It’s easy to check your credit card account information by reviewing your credit reports at free sites like:

You’ll be able to see for yourself how your accounts are reported and make sure there’s no suspicious activity (such as a new account that you don’t recognize), which could indicate identity theft. This is especially important if your information was compromised in a data breach.

To sum up, there's typically no risk to your credit when you have a credit card reissued. However, the real risk is having your identity stolen by a cyber criminal who may have compromised your data in the first place. 

Another secondary threat to your credit score with a reissued credit card is what happens to any automatic payments, such as toll passes, utilities, or gym memberships. Whenever you receive a replacement card with a new number, review several months of your account activity to remind yourself about merchants that are using the old number.

If you forget to update them, charges could be declined and your account may end up in collections.

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Credit Card Thief image courtesy of Shutterstock.


About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a trusted and frequent source for the national media. Her book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show. 


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