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I “lose” my credit cards yearly to avoid sneaky auto-renewals just like this. Doesn't this also damage your credit? Length that accounts are open factors into

I “lose” my credit cards yearly to avoid sneaky auto-renewals just like this. Doesn't this also damage your credit? Length that accounts are open factors into your credit score, and people who cycle through cards typically see it go down.

_delirium 16y ago
If you just your card stolen, they send you a new card with a new number on the same account, which I don't believe shows up on the credit report at all (it still counts as the same account).
- kscaldef 16y ago
  I don't believe that's how most banks handle lost cards, and I don't see how that would avoid the auto-renewals as the original author was trying to do. I assumed the the author was talking about closing the account and re-opening with a new number. EDIT: I'm sorry, I mis-read your comment originally and thought you said the same number, not a new number. That said, I've been through this a couple times, and each number shows up individually on my credit reports.
  - _delirium 16y ago
    That's how my banks have handled it, at least. When my Citibank card was stolen, they sent me a card with a new number, but it was still the same online login, same "years open" on my credit statement, etc. It stops auto-renewals because merchants only have the old number, which they can no longer charge. In my case that was mostly unwanted, because I had to go update the auto-renewals I did want with the new number (as well as updating it in places like Amazon), but it'd stop auto-renewals that you didn't want as well.
- graywh 16y ago
  I've never received a new CC# for a lost card. The 3-digit security code on the back did change, though.
gcheong 16y ago
I think the person just calls to get a new card on the same account but with a different card number. In fact, I recently got new cards with a different number from my credit card company because they apparently had information that my original card may have been used illegally. This caused a bit of pain as charges to various accounts started failing.

_delirium 16y ago

If you just your card stolen, they send you a new card with a new number on the same account, which I don't believe shows up on the credit report at all (it still counts as the same account).

kscaldef 16y ago
I don't believe that's how most banks handle lost cards, and I don't see how that would avoid the auto-renewals as the original author was trying to do. I assumed the the author was talking about closing the account and re-opening with a new number. EDIT: I'm sorry, I mis-read your comment originally and thought you said the same number, not a new number. That said, I've been through this a couple times, and each number shows up individually on my credit reports.
- _delirium 16y ago
  That's how my banks have handled it, at least. When my Citibank card was stolen, they sent me a card with a new number, but it was still the same online login, same "years open" on my credit statement, etc. It stops auto-renewals because merchants only have the old number, which they can no longer charge. In my case that was mostly unwanted, because I had to go update the auto-renewals I did want with the new number (as well as updating it in places like Amazon), but it'd stop auto-renewals that you didn't want as well.
graywh 16y ago
I've never received a new CC# for a lost card. The 3-digit security code on the back did change, though.

gcheong 16y ago

I think the person just calls to get a new card on the same account but with a different card number. In fact, I recently got new cards with a different number from my credit card company because they apparently had information that my original card may have been used illegally. This caused a bit of pain as charges to various accounts started failing.