Articles 28 and 59 of the Measures for the Administration of Bank Card Business stipulate that if the bank card and its account are for personal use only, the issuing bank shall order it to make corrections and impose a fine of 1 000 yuan. Based on this rule, it is better for people who legally hold credit cards, whether they are friends or others, whether they want to borrow their own credit cards or not, because such violations of the law will make them pay the price.

Deposit company funds into the card.

Article 3 1 of the Measures for the Management of Bank Card Business stipulates that only cash or wages, personal legal labor remuneration, investment returns and other receipts and payments can be deposited into credit cards. Article 60 of the Measures for the Administration of Bank Card Business stipulates that the People's Bank of China shall order the company to make corrections and impose a fine of 1 000 yuan.

Failing to report the loss in time after loss.

Article 52 of the Measures for the Administration of Bank Card Business stipulates that the issuing bank shall provide loss reporting service for cardholders, and set up a 24-hour loss reporting method. Written loss reporting is the official loss reporting method. And clearly stipulate the loss reporting responsibility in the articles of association or agreement, and explain the importance of the password and the loss reporting responsibility.

Article 53 of the Measures for the Administration of Bank Card Business also stipulates that, unless otherwise decided by the judicial and arbitration organs, the cardholder shall no longer be responsible for the change of funds after handling the loss reporting procedures. Therefore, once the credit card is lost, it should be reported immediately. Based on these regulations, cardholders had better not take chances. Although you need to pay a handling fee to report the loss, it is much better than others deciphering their lost credit card passwords and making malicious overdrafts, resulting in the loss of credit card funds.

Cardholder's withdrawal

Article 7 of the Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management stipulates that those who directly pay cash to cardholders by fictitious transactions, false pricing, cash return, etc., if the circumstances are serious, shall be punished as the crime of illegal business operation in accordance with the provisions of Article 225 of the Criminal Law.

Based on these regulations, people with credit cards and cash-out opportunities are not allowed to operate illegally. You can solve the financial difficulties by this means and not pay the loan interest, but this is a serious illegal act, and once it is investigated, the consequences will be very serious.

Extended data:

Note 1: credit line occupied by pre-authorization.

Although pre-authorization is not equal to actual payment, pre-authorization still occupies the credit limit of credit card just like actual consumption. Generally speaking, the pre-authorization amount cannot exceed the upper limit of the available amount of the card. Once the pre-authorization is confirmed, the corresponding funds in the card will be frozen and the credit line will be reduced accordingly. This amount will be "frozen" in a short time before the actual consumption amount is deducted at the checkout or the merchant cancels the pre-sale right. When the customer settles the pre-authorization, the pre-authorization will be cancelled.

Note 2: Pay attention to the fund arrangement after pre-authorization.

According to the reporter of China Economic Net, sometimes the credit line frozen by pre-authorization is not equal to the amount shown when actually swiping the card, and some banks will freeze the overdraft line of 15% on the basis of actual pre-authorization. Therefore, for cardholders who rely on credit card consumption, special attention should be paid to the corresponding fund arrangement and preparation after pre-authorization, so as to avoid the dilemma of insufficient credit line when making other consumption.

Note 3: Check the receipt printed by POS machine carefully.

When pre-authorizing, carefully check the receipt printed by POS machine. If it is pre-authorization, it will be clearly marked in the column of transaction type, and then signed after confirmation. In addition, the cardholder must open the credit card SMS notification function, so that you can know your consumption at any time. In the process of use, if there is any problem, contact the issuing bank in time.

Note 4: Pay attention to the revocation of pre-authorization.

If you intend to cancel the reservation, please ask the hotel or agency to go through the pre-authorization cancellation procedures within the specified time limit and ask for the cancellation number as the cancellation certificate. Because after using pre-authorization, if it is not cancelled in time, merchants can directly draw the money away, and banks generally will not refuse to pay. After the check-out and rent withdrawal procedures are completed, the cardholder should also consciously ask or confirm the relevant merchants to immediately revoke the pre-authorization, restore the quota, and eliminate possible risks and losses.

References:

People's Network-Four Taboos of Credit Card Use