Chase is the latest credit card issuer to allow cardholders the ability to lock and unlock their credit cards. When a card is locked no purchases, cash advances or balance transfers will be able to be made. Chase is one of the last card issuers to add this functionality. Discover was the first, Citi, American Express, Capital One and Bank of America all offer this ability (although it’s only possible on debit cards with Bank of America).
I’m a massive fan of these types of user controls, it’s not uncommon for me to misplace a credit card. With this ability I can just lock the card until I find it, rather than having to cancel the card and request a new one. Chase credit card holders should have access to this feature now, debit cardholders will need to wait until later in the year for the functionality to go live.
Hat tip to TPG
