It’s a scary feeling when your credit card is stolen. Think about how much could go wrong. A thief now has the opportunity to charge whatever they want on your card and leave you responsible for footing the bill. It’s a thief’s dream, but a consumer’s worst nightmare.

As soon as you realize your credit card is missing, there are a few actions you should take immediately to limit your liability from any unauthorized purchases that may result from your card falling into the hands of the wrong person.