The so-called credit card black account refers to the failure to repay the loan before the repayment date more than twice in a row after credit card consumption and overdraft. Credit card customers causing bank collections.

Consequences: Such customers will be recorded in the People's Bank of China's personal credit system as a bad credit record, and will be kept for 5 years. People who have bad credit records twice or more in the personal credit reporting system will not be able to obtain loans, guarantees or apply for credit cards at various financial institutions within 5 years, including housing mortgage loans.

According to Article 6 of the "Interpretations of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Law in Handling Criminal Cases Obstructing the Management of Credit Cards":

The cardholder intends to illegally possess the card , if the card is overdrafted beyond the prescribed limit or within the prescribed period and is not returned for more than 3 months after being called upon twice by the issuing bank, it shall be deemed a "malicious overdraft" as stipulated in Article 196 of the Criminal Law.

A malicious overdraft, if the amount is more than 10,000 yuan but less than 100,000 yuan, shall be deemed as a "relatively large amount" as stipulated in Article 196 of the Criminal Law; if the amount is more than 100,000 yuan but less than 1 million yuan If the amount exceeds 1 million yuan, it shall be deemed as a "huge amount" as stipulated in Article 196 of the Criminal Law; if the amount exceeds 1 million yuan, it shall be deemed as an "especially huge amount" as stipulated in Article 196 of the Criminal Law.

Extended information:

Financial Fraud

Article 195 Whoever commits letter of credit fraud under any of the following circumstances shall be sentenced to five years in prison If the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than 10 years of fixed-term imprisonment and a fine of not less than 50,000 yuan but not more than 500,000 yuan. ; If the amount is particularly huge or there are other particularly 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 his property shall be confiscated:

(1) Using counterfeit goods , altered letters of credit or accompanying documents and documents;

(2) Using invalidated letters of credit;

(3) Fraudulently obtaining letters of credit;

(4) Carrying out letter of credit fraud through other methods.

Reference materials:

Criminal Law of the People's Republic of China (Revised)_Supreme People's Procuratorate,