00:00Credit card fraud happens every day, so experts say it's important to take steps to protect yourself if you become a victim.
00:07Here are tips from the experts on how to act fast if your card is missing or stolen.
00:12The first thing you need to do is immediately contact your credit card issuer.
00:16Keep in mind that federal law limits your liability for unauthorized charges.
00:21The most you'll pay is $50.
00:22But you still want to resolve this quickly.
00:25Business Insider suggests your next step is to begin monitoring your account for fraudulent activity and even set up alerts to quickly detect unauthorized use.
00:34Experience suggests you order a replacement card.
00:37Be sure to update your recurring payment information once you receive it so none of your bills are missed.
00:43And finally, to avoid being a victim in the future, the site suggests using a digital wallet,
00:48which will eliminate the need for you to carry your physical card everywhere you go.
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