New Delhi, Dec. 19 -- With the rapid growth of credit card use in the country, fraudsters are devising increasingly sophisticated scams to deceive cardholders. One such scam is the credit card limit extension scam. This scam exploits cardholders' interest in higher spending limits, potentially leading to data theft and financial loss.

This makes it critical for all aspiring credit card holders to understand such scams, how they work, and the ways scammers use to dupe innocent credit card holders, which is key to staying protected.

A credit card limit extension scam is a type of scam that involves fraudsters posing as banking officials or credit card issuers, offering cardholders an 'instant' or 'pre-approved' increase on their credit li...