If someone steals your credit card information, who is the first point of contact?

The first point of contact when someone steals your credit card information is the credit card company. This is because the credit card company is responsible for monitoring your account and handling transactions. Reporting the theft to them immediately allows them to take necessary actions, such as freezing your account to prevent further fraudulent charges, investigating the unauthorized transactions, and issuing a new card.

Moreover, the credit card company has specialized fraud departments that can provide guidance on next steps and help you address any financial impact caused by the theft. They often have procedures in place to quickly mitigate risks and may even cover losses that occur due to unauthorized usage, depending on their policies. Speed is crucial in these situations to minimize financial damage, and the credit card company is best equipped to respond swiftly.

Contacting your bank, local law enforcement, or credit reporting agencies may be part of the follow-up process, but your immediate concern should be addressing the fraudulent activity with the credit card company.