Non-repayment on credit cards will affect your credit record. Users who are overdue for a long time, fail to repay after repeated reminders, or illegally cash out will be included in the credit blacklist by the relevant bank and will be included in the credit blacklist. Serious credit card fraud may result in criminal penalties. Personal credit reports are mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting.

"Criminal Law"

Article 196 Crime of Credit Card Fraud

If one of the following circumstances occurs and the amount of credit card fraud is relatively large, Whoever commits a crime shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and shall also be fined 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, the sentence shall be not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation:?

( 1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;

(2) Using an expired credit card; ?

(3) Pretending to use someone else’s credit card Credit card;?

(4) Malicious overdraft. ?

The so-called malicious overdraft as mentioned in the preceding paragraph 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 even after being called upon by the card-issuing bank. Anyone who steals a credit card and uses it shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

Extended information:

Zhang, a man from Yulin City, Guangxi, is the legal person of a material recycling company in Danzhou, Hainan. Due to financial constraints, he maliciously overdrafted two credit cards for ***257,183.2 yuan. The card-issuing bank still failed to repay despite repeated reminders. Recently, the Second Intermediate People's Court of Hainan Province made a final ruling, upholding the judgment of the first instance court and sentencing Zhang to 5 years in prison for credit card fraud and a fine of 50,000 yuan.

According to Article 6 of the Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards, the cardholder exceeds the prescribed limit or regulations for the purpose of illegal possession. If the credit card is overdrafted within the time limit and remains unrepaid for more than three months after being called upon twice by the card-issuing bank, it shall be deemed a malicious overdraft.

After Zhang overdrafted his credit card, he was contacted by two banks many times to demand repayment, and he still failed to repay the money after two written notices for collection for more than three months. According to the law, he should be deemed to have overdrafted maliciously. Zhang’s behavior has met the subjective and objective elements of the crime of credit card fraud, so it constitutes the crime of credit card fraud.

Baidu Encyclopedia - Credit Card Blacklist

Baidu Encyclopedia - Personal Credit Information

Baidu Encyclopedia - Credit Information System of the People's Bank of China

Xinhuanet - A man maliciously overdrafted his credit card by more than 250,000 yuan and failed to repay it overdue, which constituted fraud