What Is Hotlisted Card?

Are you curious to know what is hotlisted card? You have come to the right place as I am going to tell you everything about hotlisted card in a very simple explanation. Without further discussion let’s begin to know what is hotlisted card?

A hotlisted card is a credit or debit card that has been blocked or canceled by the issuing bank or financial institution. It is done to protect the cardholder from fraudulent activity or unauthorized transactions. In this blog post, we will explore what a hotlisted card is, why a card may be hotlisted, and what to do if your card has been hotlisted.

What Is Hotlisted Card?

A hotlisted card is a card that has been blocked or canceled by the issuing bank or financial institution. When a card is hotlisted, it cannot be used for any transactions, either online or offline. A hotlisted card is different from a lost or stolen card, as the cardholder may have voluntarily asked the bank to block or cancel the card.

Why Is A Card Hotlisted?

A card may be hotlisted for various reasons, including:

  1. Lost Or Stolen Card: If a cardholder loses their card or it gets stolen, they may contact their bank to hotlist the card to prevent any unauthorized transactions.
  2. Fraudulent Activity: If a bank suspects any fraudulent activity on a card, they may hotlist the card to prevent any further unauthorized transactions.
  3. Card Expiry: If a card has expired, the bank may hotlist the card and issue a new card to the cardholder.
  4. Non-Payment: If a cardholder has not paid their outstanding credit card bills, the bank may hotlist the card to prevent any further transactions until the payment is made.

What To Do If Your Card Is Hotlisted?

If your card has been hotlisted, it is essential to contact your bank or financial institution immediately to find out the reason for the hotlisting. Depending on the reason, the bank may issue you a new card or lift the hotlisting if it was a mistake. If the card was lost or stolen, it is important to file a police report and inform the bank to prevent any fraudulent activity.

It is also important to monitor your account statements regularly to ensure that there are no unauthorized transactions on your account.

Conclusion

A hotlisted card is a credit or debit card that has been blocked or canceled by the issuing bank or financial institution. It is done to protect the cardholder from fraudulent activity or unauthorized transactions. A card may be hotlisted for various reasons, including lost or stolen cards, fraudulent activity, card expiry, and non-payment. If your card has been hotlisted, it is important to contact your bank immediately to find out the reason and take appropriate action. Regular monitoring of your account statements can also help prevent any fraudulent activity.

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FAQ

Can A Hotlisted Card Be Reactivated?

You can unblock your card by placing a request with your bank. If your card is hot-listed, request your bank to issue you a new card. The bank may levy a charge to issue a new Debit Card.

How Do I Remove My Card From Hotlist?

By calling call center representative at 24-hour toll-free helpline numbers 1800 180 2222, 1800 103 2222 or through paid helpline number 0120-2490000. IVRS module integrated with the above toll-free numbers. By sending SMS (HOT>space>Card Number) e.g. HOT 5126520000000013 to 5607040 from your registered mobile number.

What Does Hotlist Mean?

noun. /ˈhɒtlɪst/ /ˈhɑːtlɪst/ (also hot list) ​a list of popular, fashionable, or important people or things.

What Is Card Hotlisting In SBI?

Register your mobile number at the Branch to get SMS alerts for all transactions. Hotlist your card immediately on losing it by calling 1800 425 3800 or 1800 11 22 11.

 

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