Why Is an OTP Required for Credit Card Updates?
In today's digital age, carrying cash has become increasingly rare. Most people now rely on digital payment platforms like PhonePe, Google Pay, and other UPI apps for day-to-day transactions.
In today’s digital age, carrying cash has become increasingly rare. Most people now rely on digital payment platforms like PhonePe, Google Pay, and other UPI apps for day-to-day transactions. Alongside these, the usage of credit cards has significantly increased, particularly among working professionals who often carry multiple credit cards.
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Perks Driving Credit Card Popularity
Credit cards are not just about delayed payments anymore. Their popularity is largely driven by added benefits such as:
- Free movie tickets
- Reward points
- Airport lounge access
- Cashback and EMI options
These incentives make credit cards attractive, but financial experts warn that misuse or lack of awareness can lead to serious monetary issues.
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Telangana Police Alerts Users on Cyber Frauds
Recognizing the growing risks, the Telangana Police has issued a public warning via social media urging citizens to stay cautious while using credit cards. They highlight that cybercriminals are actively targeting users with fraudulent messages and emails.
Beware of These Common Credit Card Scams:
- Messages claiming to increase your credit limit
- Emails offering to redeem reward points
- Links asking for card details or OTP
Telangana Police strictly advises users not to click on suspicious links or share sensitive details such as:
- Credit card number
- CVV code
- OTP (One-Time Password)
They reminded the public that genuine customer care representatives will never ask for OTPs or card credentials under any circumstances.
Stay Vigilant, Avoid Heavy Losses
The Telangana Police warns that falling for such scams can lead to severe financial loss. Staying alert and informed is the best defense against such cyber threats.
Key Safety Tips for Credit Card Users
- Never share your card details with unknown sources
- Avoid clicking on suspicious links from emails or messages
- Use official banking apps and verified customer care numbers
- Report any fraudulent activity immediately to your bank and local police
