What type of crime is credit card theft?

For credit card theft normal theft laws apply... but using the stolen credit card will attract financial fraud and/or identity theft legislations...


When a credit card is lost or stolen, it remains usable until the holder notifies the issuer that the card is lost. It is therefore very important to report a missing/stolen credit card to the credit provider immediately so that they can block any usage of the credit card and monitor the account if anyone tries to use it they can be traced down.


Depending on the nature and amount of the fraud involved, the local agencies may decide if it is worthwhile to pursue investigations or simply let go.


There are credit providers who offer insurance protection to cardholders to help them manage credit card fraud risks.


Hope this helps!