Recently, a person was defrauded of Rs 2.35 lakh in Rudraprayag, Uttarakhand. The person received a call from an unknown number, in which scammers lured him with the promise of increasing his credit limit. In this process, he was asked to install an app via a link. Immediately after, his mobile was hacked, and his bank account was emptied. In recent days, frauds under the guise of increasing credit card limits are rapidly increasing. Scammers call, posing as bank officials, gain trust, and then empty your bank account by obtaining links, OTPs, or card details. Last month, a similar case came to light in Mumbai, where a person was defrauded of Rs 2.45 lakh. The good news was that the amount was recovered due to a timely complaint, but it’s not necessary that this happens in every case. Often, people do not complain due to fear or lack of information. Today, in the Cyber Literacy column, we will talk about frauds happening in the name of increasing credit card limits. We will also learn about- Question- What is ‘Credit Limit Fraud’? Answer- It is a type of digital and financial fraud. As soon as the scammers get the information, they drain money from the account. The victims of this fraud are mostly those who want to increase their credit limit quickly. Question- What methods do fraudsters use to prove themselves as bank officials? Answer- For this, fraudsters adopt these methods- Question- What are the ‘red flags’ in fraud calls or messages that should not be ignored? Answer- Several common red flags appear in such frauds. For example, receiving an offer to increase credit limit without a request. Being repeatedly pressured to make a quick decision on the call. Being asked for OTP, CVV, or credit card number. See all red flags of fraud in the graphic- Question- What information do fraudsters steal in the name of increasing credit card limits? Answer- Fraudsters typically ask for the following information- Through this information, fraudsters gain complete control over the card and account. Question- What common mistakes do people often make that lead them to become victims of such fraud? Answer- People commonly make these mistakes- Question- What is the process to get money back in case of an unauthorized transaction and how long does it take? Answer- It can take approximately 7 to 45 days. Question- What is the correct and safe way to increase credit card limit? Answer- Banks increase credit card limits through official channels. Only use the bank’s official app or website. Only trust official SMS or emails sent by the bank. See the correct method in the graphic- Question- What mistakes should a credit card user never make? Answer- If you use a credit card, it is also very important to know what mistakes you should not make. See in the graphic- Question- Under what conditions does the bank increase the limit itself and where should the user check for official offers? Answer- Banks increase credit limits under these conditions-