Fake Credit Card Limit Scams: How They Trap You & 5 Ways to Stay Safe

Business
M
Moneycontrol•18-12-2025, 16:01
Fake Credit Card Limit Scams: How They Trap You & 5 Ways to Stay Safe
- •Scammers pose as banks, offering instant credit limit upgrades via calls or messages.
- •They trick victims into sharing OTP, CVV, full card number, or installing remote access apps.
- •Sharing OTP authorizes transactions, making reversals difficult and prevention crucial.
- •Banks never ask for OTP, CVV, or full card number for limit increases; end such calls immediately.
- •Always verify offers via official bank channels, avoid urgent requests, and keep transaction alerts on.
Why It Matters: Protect yourself from credit card limit upgrade scams by never sharing sensitive details.
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