Credit cards are a popular financial tool that allows customers to buy what they want immediately, even if they don’t have enough cash on hand.
Each card comes with a spending limit, which depends on your credit score, card type, and credit behaviour.
Many people look to increase their credit limit to expand purchasing power.
However, this convenience can also attract fraudsters trying to steal your card details.
Scammers often pretend to be bank employees, calling customers to trick them into revealing sensitive information like CVV, expiry date, OTPs, or PINs.
How to Protect Yourself from Credit Card Scams
Never Share Card Details
Banks will never ask for your CVV, PIN, OTP, or card number over a call.
If someone asks, it’s a scam.
Verify Calls Through Official Channels
If someone claims to be from your bank, call the official customer care number printed on your card or the bank’s website.
Do not call back the number given by the suspicious caller.
Avoid Clicking Unknown Links
Scammers often send messages or WhatsApp links claiming:
“Click here to increase your credit limit”
These links are fake and can steal your data.
Always use the bank’s official app or website for any requests.
Enable Transaction Alerts and Monitor Your Account
Turn on SMS and email alerts for all transactions.
If you see anything unusual, block your card immediately using the bank’s app.
Use Official Apps for Limit Increases
Every bank provides a secure option to check eligibility and request credit-limit upgrades through its app.
Avoid taking advice from callers—do it yourself through the official platform.
Stay Alert, Stay Safe
Credit cards offer flexibility, but scams are real.
Always stay cautious, verify information, and use official channels to manage your credit card.
Following these steps can help you enjoy the benefits of credit cards without falling prey to fraudsters.
