Is it illegal to lend your credit card to others?
It is not illegal to lend your credit card to others, but it is generally not allowed. According to 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 issuer, and may not be provided, rented or lent to others. This is a crime of obstructing credit card management. Therefore, you cannot lend your credit card to others. It is not illegal to lend your credit card to others, but it is generally not allowed. According to 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 issuer, and may not be provided, rented or lent to others. This is a crime of obstructing credit card management. Therefore, you cannot lend your own credit card to others. The credit card must be held by the person who handles it. 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 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.
Legal Basis
Article 177-1 of the "Criminal Law of the People's Republic of China" The crime of obstructing credit card management falls under any of the following circumstances. If the credit card management is obstructed, If the quantity is huge or there are other serious circumstances, the sentence shall be not less than three years but not more than ten years, and also a fine of not less than 20,000 yuan but not more than 200,000 yuan. Fines: (1) Holding and transporting credit cards knowing that they are counterfeit, or holding and transporting blank credit cards knowing that they are counterfeit, and the quantity is relatively large; (2) Illegal holding of other people's credit cards, the quantity is large; ( 3) Using false identity certificates to fraudulently obtain credit cards; (4) Selling, purchasing, or providing others with forged credit cards or fraudulently obtaining credit cards using false identity documents. The crime of stealing, buying, or illegally providing credit card information. Anyone who steals, buys, or illegally provides other people's credit card information shall be punished in accordance with the provisions of the preceding paragraph. Any staff member of a bank or other financial institution who takes advantage of his position to commit the crime in Paragraph 2 shall be severely punished.
What responsibilities will you bear if you lend your credit card to others?
Credit cards can only be used by the cardholder and cannot be rented or lent to others. If you lend your credit card to others, it is a crime of obstructing credit card management. If the credit card is lent to others, any liability incurred will be borne by the cardholder personally. If you lend your credit card to others and report a problem if something goes wrong, the public security organs may not accept it, so it is best not to lend your credit card to others.
Is it illegal to lend a credit card to others?
It is not allowed to lend a 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 issuing bank, and may not be provided, rented or lent to others. It is a crime of obstructing credit card management. Lending a credit card to others will face great risks. Whether it is a malicious overdraft caused by lending the credit card to others, or losses such as loss or theft during the period of lending to others, in principle, the cardholder should be responsible I assume all responsibility. What needs to be more noted is that if other illegal activities such as cashing out the credit card occur while others are holding the card, the card owner cannot escape 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 more than five years or criminal detention, and may also 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, a fine of 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.
This is the end of the introduction about borrowing a credit card from others and whether the cardholder is exempt from liability if the credit card is borrowed from others and the payment is not repaid. I wonder if you found the information you need?