That's interesting, I wonder which bank you use that would require a phone call and paperwork when a card is compromised.
It happened to my CC a year or so ago, and my wife just went through that with her debit card 2 weeks ago actually. In both cases, the bank actually alerted us about weird transactions, immediately canceled them and asked us to review online. We indicated that they weren't ours, the bank canceled our cards and sent replacements.
Now, updating services is indeed a pain. I have a policy of never saving CC information on websites (even though it would make "my shopping more convenient next time" as they say). I do that for safety reason, even though I have close to no illusion that they probably still keep it in their DB even when I decline. So for me it didn't really disturb my workflow when paying bills and all.
It happened to my CC a year or so ago, and my wife just went through that with her debit card 2 weeks ago actually. In both cases, the bank actually alerted us about weird transactions, immediately canceled them and asked us to review online. We indicated that they weren't ours, the bank canceled our cards and sent replacements.
Now, updating services is indeed a pain. I have a policy of never saving CC information on websites (even though it would make "my shopping more convenient next time" as they say). I do that for safety reason, even though I have close to no illusion that they probably still keep it in their DB even when I decline. So for me it didn't really disturb my workflow when paying bills and all.