If the amount is large and the circumstances are serious, the bank may report the case directly to the public security organ. The public security organ will end the investigation and hand over the case to the procuratorate. The procuratorate will file a public prosecution with the court for credit card fraud. If the cardholder refuses to repay, he will go to jail.
Criminal law provisions
Article 196 Whoever commits credit card fraud under any of the following circumstances, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan;
If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan;
If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:
(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;
(2) Using an invalid credit card;
(3) Fraudulent use of another person's credit card;
(4) malicious overdraft.
The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.
Extended data:
Consequences of overdue repayment of credit cards:
1, high overdue interest
If people don't pay back their credit cards, which leads to overdue credit cards, they will generate high overdue interest.
2. Be sued by the bank
If the cardholder often fails to pay back the credit card within the final grace period stipulated by the bank, he will be taken to court by the bank, resulting in economic losses such as legal fees and attorney fees.
3. Bad credit record
If the cardholder fails to return the credit card, it will cause the credit card to be overdue, affect the personal credit record, defile the personal credit record, and produce a bad credit record, which will have an impact on future bank cards and loans.
References:
Baidu encyclopedia-credit card fraud
References:
China people's congress network-criminal law