Is it illegal to ask someone else to help raise a credit card?

those who violate the law, reaching a certain amount will constitute the crime of illegal business operation. Whoever, in violation of state regulations, uses mobile phones and other point-of-sale terminals to directly pay cash to credit card holders in the form of fictitious transactions, false pricing, cash return, etc., and the amount is more than 1 million yuan, or causes financial institutions to pay back more than 2, yuan within the time limit, or loses more than 1, yuan, will be investigated for criminal responsibility.

what are the risks of giving someone a credit card?

1. Although it seems that the repayment is made by cashing in between two credit cards or multiple credit cards, the total amount owed remains unchanged, but in fact, the cost is increasing. It's good that credit cards have an interest-free period, but the credit card consumption banks of pos machines need to be divided into them, that is to say, 1 yuan is swiped, but it's not 1 yuan that finally gets the account, which is lower than 1 yuan, so the total amount owed is accumulated again and again.

2. Besides, it is impossible for people to stop using credit cards completely in the future, and continue to use them, and the debts of credit cards are constantly superimposed, which will eventually lead to more and more debts that cannot be repaid.

3. It is illegal and criminal to cash out by using pos machines.

Extended information

1. Inability to repay, serious overdue

It is a desperate act to set up a credit card, and it is easy for cardholders to over-swipe their cards by relying on multiple credit cards in their hands. In addition, late repayment may also occur in the process of brushing, resulting in overdue credit cards, resulting in interest and other expenses. Too many credit cards are oversubscribed, and once the funds in the cardholder's hands are broken, it may cause a debt crisis.

2. Multiple credit cards are detrimental to credit reporting

Information such as how many credit cards have been issued and which bank's credit cards are issued will be recorded in the cardholder's personal credit reporting system, and banks can check each other. Too many cards in the credit record will "spend" your personal letter.

3. In addition, multiple credit cards are inconvenient to manage, and it is easy to bear the annual fee because they do not meet the conditions of annual fee exemption, or they are overdue because they forget to repay.

4. Credit card cashing implies legal risks

The process of raising a credit card is bound to be accompanied by cashing, and cashing a credit card is illegal. Once it is recognized by a bank, it is likely to be investigated for legal responsibility, ranging from fines for card cancellation to criminal responsibility.