Is it illegal to lend a credit card to others?

It is illegal to lend a credit card to others. It is not allowed to 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 your 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 and other behaviors while holding the card involve legal liability, the cardholder himself cannot escape his responsibility.

Legal Basis

Article 177 of the Criminal Law of the People's Republic of China and the People's Republic of China Those who use financial instruments shall be sentenced to not less than five years or criminal detention, and shall also or solely be fined not less than 20,000 yuan but not more than 200,000 yuan; if the circumstances are serious, the sentence shall be not less than five years but not more than 10 years, and also to be fined not less than 50,000 yuan but not more than 500,000 yuan. A fine; if the circumstances are particularly serious, the fine shall be not less than ten years or more, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscated: (1) Forging or altering bills of exchange, promissory notes, or checks; (2) Forging or altering Forging entrusted collection vouchers, remittance vouchers, bank deposit receipts and other 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.

Can I lend my credit card to others? What happens if you lend your credit card to someone else?

What should I do if my friend borrows money but I have no money and I want to help? Some card friends will generously take out their credit cards. Come on, buddy, we only have credit cards with us. Let me lend them to you first. However, have you ever thought about the consequences if you borrow a credit card and someone else fails to repay it after using it?

Whether a credit card can be lent to others is a question that many cardholders often ask. Cardholders are only concerned about whether the other party will repay the credit card after lending it to others. However, in addition to this uncontrollable factor, there are many other risks. So, can I lend my credit card to others?

As far as we know, the specific risks involved in lending a credit card to others depend on the borrower’s behavioral habits and credit situation. The borrower’s late repayment, malicious default, or credit card cash-out will all lead to risks. If the credit card holder is responsible for the incident, he may be sued, and the final legal liability shall be borne by the credit card holder himself.

Examples from netizens

Due to a heroic "emergency rescue" two years ago, Mr. Tong, a citizen, fell into a deadlock. It turned out that Mr. Tong once lent his credit card to someone else, but the other party failed to repay the loan in time, resulting in him receiving multiple reminder calls from the bank. Later, after the card account was paid off, Mr. Tong also canceled the card, thinking that the matter was over. Unexpectedly, two years later, Mr. Tong went to the bank to apply for a loan, but was told that he had many past due credit card repayments and malicious overdrafts, and the expected annual interest rate of the loan would rise...

As to whether you should lend your credit card to others, I personally think it’s best not to lend it! Because if your current credit card is overdue and has a credit report, it will really have a big impact. You should cherish your own credit, and others may not take it to heart!

Of course, if you must go to the rescue and your friend is in urgent need, it is not impossible. If you want to lend your credit card to others, you must control the risk within the range you can bear.

For example, if your credit card limit is 10,000 yuan, and your monthly salary is 5,000 yuan, even if it is all used up, you can repay it without any pressure, then you can use this credit card Lend it to others.

In addition, you should also pay attention to the card usage of the borrower, and keep track of the card usage by binding mobile phone number, WeChat, etc., and keep in mind the billing date and repayment date of the credit card to ensure that the other party does not overdue.

For card borrowers who are unable to repay after swiping the card, you can take the credit card back, and then you can find a way to repay the loan first, and then ask the borrower to pay you back. It is best not to do so next time. I borrowed my credit card stupidly.

Legal provisions on whether credit cards can be lent out

If a cardholder rents or lends his credit card and his account, the card-issuing bank shall order him to make corrections and impose a fine of not more than RMB 1,000. fine.

Legal basis:

Article 59 of the "Bank Card Business Management Measures" If a cardholder rents or lends his credit card and his account, the card-issuing bank shall order him to make corrections and A fine of not more than RMB 1,000 will be imposed (stipulated in advance by the card-issuing bank in the application form, use contract and other contractual documents).

This concludes the introduction to cases of credit card loan and credit card loan to others. Did you find the information you need?