Changing ps4 password on a phone, will that automatically sign me out of a playstation 4 or 3 console to make me log back in with the new password?

Recently got my ps4 stolen. Credit card information is on it and i dont want the theif using my account or figuring out that he can spend my money on my account. So i changed my ps4 password using my phone. Does that automatically log me out of any console that has my account on it to relog back in with the new password? Will that stop the theif from using my account?

1 Answer

Yes it does log you out and then you have to enter the password to log in so you can rest assured the thief cant use your account if you have changed the password