Credit card fraud is rising: Types, warning signs and expert tips to protect your finances

Credit card fraud is a growing threat, often unnoticed until significant damage occurs. Reporting fraud promptly, understanding various fraud types, and consistently monitoring credit activity can help protect individuals from financial losses and maintain peace of mind.

Credit card fraud, characterized by unauthorized transactions, is increasingly prevalent due to digital vulnerabilities. Victims often discover fraud through unexpected charges or credit score drops. To combat this, users should monitor credit activity, enable transaction alerts, and avoid sharing sensitive information. Resources like the National Cyber Crime Portal can aid in reporting fraud. Awareness is essential for prevention.

What are FD-backed credit cards? Are they worth it? Benefits, risks and best options

FD-backed credit cards offer a simple way to build a credit score using fixed deposits, with easy approval, steady interest earnings, and manageable risks when used responsibly and strategically. Here is a list of the top credit cards against fixed deposits in 2026.

Before applying for a fixed deposit-backed credit card, consult a financial advisor to understand suitability and fees. These secured cards, backed by a fixed deposit, help build credit scores and offer an interest-free period. However, they come with risks like locked funds and high fees. FD-backed cards can be beneficial for those with limited credit history.

6 practical strategies to keep credit card spending in check and stay debt-free

Smart credit card usage requires discipline through spending limits, regular tracking, full repayments, low utilisation, fewer cards, and automated payments to maintain financial stability and a healthy credit profile.

Before using a credit card, consulting a certified financial advisor is crucial for maintaining financial health. To control credit card usage, set a monthly spending cap, track expenses, pay bills in full, keep credit utilization below 30%, limit card numbers, and automate payments. Responsible usage prevents high-interest debt and protects credit scores, ensuring financial stability.

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