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Yes. You simply phone your bank and explain to them. A block will be put on immediately - I had to do this once.

Also, if you suspect someone has made unauthorized charges, you simply phone your bank and report it. They will put a block on immediately, send some forms for you to fill out and you usually have 72 hours to provide the needed information - I did this quite recently with great success.

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Q: Can you block the credit card when it is lost?
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