If your credit card is lost or stolen or if you ever suspect fraudulent use of an account,you should contact each of the three national credit bureaus and have a "high-risk account holder" designation put on your file.

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While it is important to contact your credit card company and report a lost or stolen card, and to monitor your accounts for potential fraudulent activity, there is no need to contact the credit bureaus to have a "high-risk account holder" designation put on your file. Instead, you can place a fraud alert or credit freeze on your credit report through each bureau if you suspect someone is fraudulently using your information.

If Your Credit Card Is Lost or Stolen or If