New Delhi, June 3 -- A missing credit card can cause immediate psychological stress and panic. Beyond the emotional stress, a stolen credit card can expose an individual to unauthorised and fraudulent transactions, identity theft and serious financial losses.

Any major transaction made on a stolen credit card, if not reported promptly, can damage an individual's credit profile, current credit score and future borrowing potential.

One must act swiftly and report the issue promptly to preserve economic integrity. Let us discuss concepts related to credit cards and how to protect oneself in the event of credit card theft.

Credit cards are unique tools designed to provide credit and facilitate seamless transactions. They help ensure that p...