According to the inquiry of China Travel Service. Com, it is illegal to use credit cards for malicious arbitrage, and it is illegal to manage credit cards in China. Failure to repay the arrears after malicious arbitrage will constitute a criminal offence. Article 196 of the Criminal Law of People's Republic of China (PRC): Whoever commits credit card fraud or theft under any of the following circumstances 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 ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment.