Personal Finance Common credit card frauds and how to avoid getting conned Updated : September 12, 2020 11:18 AM IST Credit card allows customers to borrow funds from a pre-approved limit to pay for purchases. While it offers several benefits, users need to very careful when using it. This is because several cases of credit card frauds have come into light where individuals have been attacked and sensitive information have been stolen. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.