Many card friends overdraw their credit cards and have no money to repay them, or they always fail to raise the amount of their credit cards, so they will entrust their credit cards to some companies to repay them or raise the amount of their credit cards. So, is credit card custody legal? Is there any risk? Let's take a look. 1. what is credit card custody? Credit card custody means that the cardholder informs the so-called custody company of the relevant information of the credit card, such as card number, name, expiration date and security code, so that they can brush out the money in the credit card through POS machines or online channels, and then return it to the credit card. In this way, the credit card can be prevented from being overdue, and even the card can be improved, so as to achieve the purpose of increasing the credit card limit.

2. Is credit card custody legal? The laws and regulations do not clearly stipulate that credit card custody is illegal, and credit card custody is in a gray area. However, the way of credit card custody is actually to cash out by credit card, which is illegal and criminal. Providing cash-out channels to help others to cash out by credit card in violation of laws and regulations, if the circumstances are serious, will constitute the crime of illegal business.

3. Is credit card custody risky? Yes, and it is very risky. You should know that the credit card custody should inform all the information of the credit card, and once this information is leaked, the credit card will be easily leaked. In addition, the cardholder leaked the information himself, and the bank will have to bear the losses after the credit card was stolen. In all likelihood, the bank will not take care of it. If the repayment is not made within the specified time, it will affect the credit investigation. The above is the introduction of "Is credit card custody legal?" I hope it will help you. In short, whether credit card custody is legal or not, there are certain risks. In order to protect the security of credit cards, we should not trust and use credit card custody easily.