Can I borrow money with a credit card?
“Yes” The credit card you just applied for can be used for loans, but you need to pay attention to the loan amount you apply for within your ability. Usually the monthly repayment amount should not exceed 50 of the total household income; the purpose of the loan must be legal and compliant; repayments must be made on time to avoid a bad credit record.
1. Credit card, also called credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
2. Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Provisions") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in Public Service Fields" was officially implemented.
3. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card A debit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.
4. Application
Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.
5. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.
6. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must Has the applicant's autograph.
Can I lend my credit card to others?
Legal analysis: It is not recommended to lend your credit card to others casually. In fact, every bank's credit card application contract or credit card regulations will clearly state that "the credit card can only be used by the applicant himself and may not be lent or transferred to others." Otherwise, the bank will not be responsible for the resulting losses, which will be borne by the cardholder himself.
Legal basis: Article 177 of the Criminal Law of the People's Republic of China and the People's Republic of China. Anyone who forges or alters financial instruments under any of the following circumstances shall be sentenced to not more than five years or criminal detention, and shall also be sentenced to: Or a single fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; if the circumstances are serious, the fine shall be not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the circumstances are particularly serious, the fine shall be not less than 10 years but not more than 10 years, or, In addition, a fine of not less than 50,000 yuan but not more than 500,000 yuan may be imposed or property may be confiscated: (1) Forging or altering bills of exchange, cashier's checks, checks; (2) Forging or altering entrusted collection vouchers, remittance vouchers, bank deposit receipts, etc. Bank settlement vouchers; (3) Forging or altering letters of credit or accompanying documents and documents; (4) Forging credit cards. If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
Article 177-1 Whoever obstructs the management of credit cards under any of the following circumstances shall be sentenced to not more than three years or short-term imprisonment, and concurrently or solely fined not less than 10,000 yuan but not more than 100,000 yuan; if the amount is huge or there are other serious circumstances , shall be sentenced to not less than three years but not more than ten years, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan: (1) Knowingly holding or transporting a forged credit card, or knowingly holding or transporting a forged blank credit card, A large amount; (2) Illegal holding of other people's credit cards in a large amount; (3) Using false identity certificates to fraudulently obtain credit cards; (4) Selling, buying, or providing others with forged credit cards or using a false identity Prove that the credit card was fraudulently obtained. Anyone who steals, bribes or illegally provides other people's credit card information shall be punished in accordance with the provisions of the preceding paragraph. Any staff member of a bank or other financial institution who takes advantage of his position to commit the crime in Paragraph 2 shall be severely punished.
Can I lend my credit card to others?
You cannot lend your credit card to others. In accordance with the regulations of the International Credit Card Organization and the People's Bank of China, credit cards and their accounts can only be used by cardholders approved by the card issuing bank, and may not be provided, rented or lent to others. It is a crime of obstructing credit card management. Therefore, you cannot lend your credit card to others. The credit card must be held by the person who handles it and cannot be lent to others. Lending it to others is generally a violation of the use contract. It's not illegal, but it violates the contract between you and the bank. If any liability caused by you borrowing a card to a third party is borne by you personally, the bank will not bear any responsibility. Therefore, be sure not to lend your credit card to others.
Lending a credit card to others is very risky. Once you take the initiative to lend your credit card to others, the cardholder must be responsible for repaying the credit card debt caused by malicious overdrafts by others. If the credit card is lost or stolen while others are holding the card, you will not be able to enjoy the bank's card loss protection and other services. All losses will be borne by the cardholder himself. What's more, if other people's credit card cash-out, fraud and other behaviors that occur while holding the card involve legal liability, the cardholder himself cannot escape responsibility.
Extended information
Overdue credit card repayments will face the following consequences:
1. Overdue credit card late payment fees. The so-called late payment fees for credit cards refer to the fees that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount.
2. Overdue interest. After a user uses a credit card to overdraft, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder repays overdue, all the expenses of the cardholder last month will no longer enjoy the bank's interest-free payment. treatment, and the recurring daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18.
3. Bad credit record. Overdue credit card repayment records will enter the central bank's credit reporting system to generate bad credit records. Our country's personal credit reporting records have been networked nationwide. As long as individual residents have handled loan business at banks, applied for credit cards, or provided guarantees for others, they will be credited. Then you can check your credit report at any domestic commercial bank.
4. Litigation costs. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit. The litigation costs will be borne by the cardholder.
5. Criminal liability for malicious overdraft. According to Article 196 of my country's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return it after being called by the card issuer. Those who maliciously overdraft for credit card activities will be held criminally responsible for credit card offenses and will be subject to a sentence of not more than 5 years or short-term imprisonment, and a fine of not less than 20,000 yuan but not more than 200,000 yuan.
References Baidu Encyclopedia - Credit Card
Can I get a loan with a credit card?
Is it possible to get a loan with a credit card, as long as the lender has good credit, a stable income and good If you have the repayment ability, then there is no need to consider other issues.
Credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain limit, which transforms the consumer loan function of the credit card into an unsecured one. It is actually a credit card transfer loan business.
After the credit card application is approved, the bank will transfer part or all of the amount in the credit card to the debit card and repay it according to the repayment period previously agreed with the bank. This kind of loan amount can be applied for ranging from 5,000 to 200,000.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , deposit and withdraw cash, etc., an electronic payment card with all or part of the functions? On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”
Main features
①Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;
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②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
③Credit cards are high-tech products that integrate financial services and computer technology.
④Credit cards can reduce the use of cash;
⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
⑥Credit cards can simplify collection payment procedures, saving social labor;
⑦Credit cards can promote product sales and meet social needs.
Can I borrow money from a credit card?
If you are referring to the interest on cash withdrawals, then it is possible.
Credit card cash advance will charge handling fees and interest (including our bank or other banks' ATMs, counters, online banking and telephone cash advances): Handling fee:
Domestic RMB is charged per For 1 transaction, the minimum charge is ￥10/transaction. Overseas (including Hong Kong, Macao, and Taiwan) are calculated as 3 transactions, and the minimum charge is ￥30/transaction or $3/transaction (the minimum charge for AE platinum and black gold overseas is $5 per transaction).
Interest: Cash advances do not enjoy interest-free repayment. Interest will be charged at a daily interest rate of 5/10,000 from the transaction date to the repayment date, and compound interest will be charged on a monthly basis.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back.
Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Main features
①Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;
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②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
③Credit cards are high-tech products that integrate financial services and computer technology.
④Credit cards can reduce the use of cash;
⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
⑥Credit cards can simplify collection payment procedures, saving social labor;
⑦Credit cards can promote product sales and meet social needs.
Financial Management Strategy
1. Control the number of credit cards and only have enough.
Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered and it is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.
2. Keep the credit card receipts
Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. And many people do not set passwords on their credit cards. Discarding the credit card credentials at will may lead to theft of the credit card.
For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.
3. Reduce cash withdrawals
Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use or use it as a passbook.
This is the end of the introduction about whether I can borrow a credit card and whether I can borrow a credit card. Did you find the information you need?