2. Generate overdue interest. After users overdraw with credit cards, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If this period is exceeded, the corresponding overdue interest will be paid.
3. Affect personal credit information. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records, which will not only affect future mortgage and car loans, but also affect travel and employment. ...
4. Criminal responsibility. Whoever constitutes the crime of credit card fraud shall be sentenced to fixed-term imprisonment of not more than five years or life imprisonment, fixed-term imprisonment of not less than five years or life imprisonment, and a fine of not less than 20,000 yuan but not more than 200,000 yuan, a fine of not less than 50,000 yuan but not more than 500,000 yuan or confiscation of property.
Legal basis: Article 196 of the Criminal Law of People's Republic of China (PRC) refers to the act of using credit cards to defraud a large amount of property for the purpose of illegal possession, in violation of credit card management regulations. The use of credit cards generally refers to the use of forged or invalid credit cards or fraudulent use of other people's credit cards or malicious overdraft.