Some credit card friends lend out their credit cards, and they are embarrassed to remind users to repay because of face and other reasons. However, if the user fails to repay the credit card in time or even maliciously overdraws for various reasons, the cardholder needs to repay the overdraft amount on the credit card. Otherwise, after the latest repayment date, the bank system will have the cardholder's overdue record, which will not only generate interest, but also seriously affect the cardholder's series of consumption on that day, such as borrowing money to buy a car and buy a house, and even cause the cardholder to be unable to apply for a credit card. And all the consequences can only be borne by the card owner himself.
Second, if the user accidentally falls into the trap of credit card fraud, the consequences are unimaginable.
Give your credit card to your elders. If the elders are not vigilant enough and don't know much about credit cards, they will easily be targeted by criminals and become the target of fraud. Losing money is a trivial matter, and you will regret it if it hurts your personal safety.
Third, after the bank is stolen, it cannot enjoy the lost card protection service provided by the bank.
At present, many banks provide card loss protection services for credit cards that use signature consumption, that is, after the credit card is lost, if it is stolen some time before the loss is reported, the bank can make corresponding compensation. However, if the cardholder lends the credit card to others on his own initiative, and it is stolen due to other people's reasons, the bank will generally not settle the claim.
Fourth, it is not timely to report the loss, which increases the risk.
Many users tend to be careless when using other people's credit cards, and they will not be found if they lose them. If they don't report the loss in time, it will not only increase the financial risk of the card owner, but also make the card owner get into trouble when making claims.