1. Is it illegal to lend someone else a credit card?

1. It is illegal to lend someone else a credit card. According to the regulations of the People's Bank of China, credit cards and their accounts can only be used by cardholders approved by the card issuer, and may not be provided, rented or lent to others. It is a crime of obstructing credit card management.

2. Legal basis: Article 177-1 of the Criminal Law of the People's Republic of China

The crime of obstructing credit card management involves one of the following circumstances: obstructing credit card management If the quantity is huge or there are other serious circumstances, the sentence shall be fixed-term imprisonment of not less than three years or criminal detention, and a fine of not less than 10,000 yuan but not more than 100,000 yuan, or a fine of not less than 10,000 yuan but not more than 100,000 yuan; if the quantity is huge or there are other serious circumstances, the sentence shall be not less than three years but not more than 10 years of fixed-term imprisonment, and also a fine of not less than 20,000 yuan. A fine of not less than RMB 200,000 but not more than RMB 200,000:

(1) Knowingly holding and transporting a forged credit card, or knowingly holding and transporting a large number of forged blank credit cards;

(2) Illegally holding other people’s credit cards in large quantities;

(3) Using false identity certificates to fraudulently obtain credit cards;

(4) Sell, buy, or provide others with forged credit cards or credit cards fraudulently obtained with false identification.

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.

If a staff member of a bank or other financial institution takes advantage of his position to commit the crime in Paragraph 2, he shall be severely punished.

2. What are the risks of lending a credit card to others?

The risks of lending a credit card to others are as follows:

1. Overdue credit card;

2. Failure to repay the debt;

3. Being frozen by the bank. If the bank discovers that the cardholder has borrowed the card from someone else, the credit card will be frozen. The cardholder needs to retrieve the credit card and contact the bank's customer service to unfreeze it. If the cardholder borrows the card from someone else repeatedly, the cardholder may need to go to a bank branch to restore the card. Use;

4. Risk of being stolen. Once the credit card is lost or stolen while being loaned to others, all losses must be borne by the cardholder according to relevant insurance compensation clauses, and the cardholder cannot enjoy compensation from the bank.