Did you know you can lock your credit card any time you don’t want anyone to use it? Whether you’re trying to prevent yourself from making impulse purchases or keep a family member from accessing your credit account, a credit card lock can stop new charges while still allowing previously authorized charges, such as subscription payments or scheduled bill payments, to process as usual.
Maybe you’ve misplaced your credit card, for example, and want a chance to look for it before you contact your credit card issuer about a replacement. A credit card freeze gives you time to find your card without having to worry about someone else finding it first.
Locking a credit card is easy, and most credit card issuers allow you to manage your credit card locks from your online account or mobile app. Here’s what you need to know about locking and unlocking your credit card.
What is a card lock?
A card lock is a feature that allows you to lock or freeze your credit card account for a certain period of time. Many people use card locks to prevent themselves or others from making purchases. Locking a credit card is quick and easy, and most credit card issuers allow you to manage your card locks through your online account or credit card app.
How does a card lock work?
A card lock or credit card freeze prevents anyone from making new purchases on your credit card account. Most credit card locks still allow recurring automatic transactions, such as subscriptions or bills, to go through. That way, you can lock your credit card without having to worry about falling behind on your bill payments.
Reasons to lock your credit card
A credit card lock can help keep your credit card account safe from fraud. If you have reason to suspect that your credit card number has been compromised, a card lock is one way to keep third parties from making purchases on your account — though you’ll probably also want to contact your issuer to report credit card fraud and request a new card.
You can also freeze your credit card account if you accidentally misplace your credit card — especially if you think you’ll be able to find your credit card in a day or two. In some cases, you should deal with a lost credit card by contacting your credit issuer and requesting a replacement. In other cases, you may just need to dig under the seats of your car, check the couch cushions or empty out your backpack. A card lock can protect your account until you decide whether your credit card is gone for good.
Locking your credit card account can prevent you from making new purchases on the card. If you are trying to curb impulse shopping or stay out of credit card debt, locking your credit card can help you refrain from making purchases you might later regret.
Since most credit card locks allow recurring transactions like subscriptions to go through, you can also use a card lock as a way to keep an old credit card account active. Closing an old credit card can hurt your credit score, so consider putting one or two subscriptions on the card, setting up auto-pay to ensure that you don’t fall behind on your payments and locking your card to prevent yourself (or anyone else) from making new purchases on the account.
Credit card issuers that offer card locks
Most credit card issuers offer some type of card lock or credit card freeze. Here’s how to get a card lock or set up a credit card freeze with some of the biggest credit card issuers:
American Express
You can quickly freeze and unfreeze your American Express credit card by logging into your account or using the American Express App. Freezing your Amex card prevents it from being used for new purchases, but recurring bills and subscriptions will not be affected. You will still be able to make purchases through a digital wallet while your card is frozen, and you may be able to make purchases at online retailers if your card is already stored as a method of payment.
If you do not unfreeze your card within seven days, American Express will automatically unfreeze it for you.
Bank of America
Bank of America allows you to lock and unlock debit cards, but does not offer the same feature for credit card accounts. If you want to lock or unlock a Bank of America debit card, log into your online account or use the Mobile Banking app. Locking your debit card will prevent new purchases, but recurring transactions and scheduled bill payments will still go through.
Capital One
Capital One’s card lock feature can be accessed through the Capital One Mobile app. Locking your credit card prevents new purchases, and you can unlock your card when you are ready to start using it again.
Chase
You can easily lock and unlock your Chase credit card or debit card through the Chase Mobile app. Locking your card prevents new purchases, cash advances and balance transfers. Recurring transactions will still go through, and you can still make purchases through a digital wallet.
Citi
Use Citi Quick Lock in the Citi Mobile App or in your online account to lock and unlock your Citi credit cards. New charges will be blocked, but recurring transactions will continue to process as usual.
Discover
Setting up a credit card freeze with Discover prevents new purchases, balance transfers and cash advances. Recurring transactions, such as subscriptions, will still occur even while your card is frozen. You can easily freeze your account online, through the Discover Mobile App or over the phone, and you can freeze and unfreeze your account as often as you like.
Wells Fargo
You can temporarily turn off your Wells Fargo credit card account by logging into online or mobile banking. When your credit card is turned off, most types of new transactions will not be processed — but previously authorized recurring transactions will process as usual.
The bottom line
Locking a credit card prevents anyone from making new purchases on your credit card, and you can use credit card locks to keep your account safe, prevent impulse shopping or stick to a monthly budget. In most cases, getting a card lock in place only stops new purchases. Recurring transactions, like subscription charges or monthly bills, can still go through. If you want to set or lift a credit card freeze, log into your online credit card account or use your credit card issuer’s mobile app.
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Concepts:
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Card Lock or Credit Card Freeze:
- A card lock is a security feature that allows cardholders to temporarily suspend new transactions on their credit card accounts.
- It's a preventative measure against unauthorized or fraudulent use of the credit card.
- Card locks are typically managed through online accounts or mobile apps provided by credit card issuers.
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How Card Lock Works:
- Activating a card lock prevents any new purchases on the credit card account.
- Recurring transactions, such as subscriptions or scheduled bill payments, are often still permitted during the lock period.
- The purpose is to provide a quick and effective way to safeguard the credit card without affecting essential automated transactions.
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Reasons to Lock Your Credit Card:
- Preventing fraud: If there's suspicion of the credit card number being compromised, a card lock can prevent unauthorized transactions.
- Misplacement: In case of a lost credit card, using a card lock gives the cardholder time to locate the card before taking further action.
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Preventing Impulse Purchases:
- Card locks can be used to curb impulse shopping or to avoid unnecessary credit card debt.
- By restricting new purchases, individuals can exercise better control over their spending.
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Maintaining an Active Credit Card Account:
- Some users may employ card locks to keep an old credit card account active.
- Setting up auto-pay for recurring transactions on the card and then using a lock ensures the account remains in use without the risk of additional charges.
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Credit Card Issuers Offering Card Locks:
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Various major credit card issuers provide the card lock or credit card freeze feature.
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Each issuer has its own process for activating and deactivating card locks.
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American Express:
- Allows freezing and unfreezing through the online account or the Amex App.
- Unfreezes automatically after seven days if not done manually.
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Bank of America:
- Offers card lock for debit cards but not for credit cards.
- Debit card lock can be managed through the online account or Mobile Banking app.
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Capital One:
- Card lock accessible through the Capital One Mobile app.
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Chase:
- Users can easily lock and unlock their Chase credit or debit cards via the Chase Mobile app.
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Citi:
- Provides Citi Quick Lock in the Citi Mobile App or online account.
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Discover:
- Credit card freeze through online account, Discover Mobile App, or phone.
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Wells Fargo:
- Allows temporary turn-off of credit card through online or mobile banking.
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Bottom Line: Locking a credit card is a valuable tool for enhancing security, managing spending habits, and ensuring the continued use of an old credit card account without risking additional charges. Users should be aware of their credit card issuer's specific procedures for implementing and lifting card locks.
