Dear Chase Customer:
We're reaching out to let you know what we're doing to help protect your account after the data breach announced by Target on some credit and debit cards used at Target stores between November 27 and December 15.
Here's what you should know:
All your Chase cards have our Zero Liability Protection. That means you're not liable for unauthorized transactions you report to us.
You don't need to call us at this time unless you see transactions you don't recognize. We're using our sophisticated fraud-monitoring tools to look for abnormal spending and ATM patterns. That helps us block fraudulent transactions.
We'll let you know if we see unusual activity on your account.
We'll send you a new card if we determine that's necessary.
Here's what you should do:
Continue using your Chase card.
Monitor your account -- including using chase.com or Chase Mobile -- and let us know if you see any transactions you don't recognize.
Enroll in our free Account Alerts* in the "Customer Center" section at chase.com and we'll let you know about specific activity in your account.
As always, thank you for your trust.
Which is consistent with what I planned to do anyway. Still, its odd knowing that your card info, including the 3 digit CCV, has in fact been taken by a gang of crooks, and not automatically getting a new card. I guess because there are 40MM of us it seems that it'll most likely be a while, if ever, before someone tries to use MY card.
Still you wonder what the gang will do - sell them in lots of 10,000? It seems like once you have a few hundred good card numbers, you've hit diminishing returns. Unless you find some automated way of turning transactions into cash immediately, which I suppose the banks will be really looking out for.