Dangers of using somebody else’s bank card

Credit and debit cards are handy tools for payment. They can be used online or in person, and it is easy to use somebody else’s card. In fact, cards often get passed around, stolen, or otherwise used in ways that were not intended, according toBut credit cards are printed with an authorised cardholder’s name. If anybody else uses the card, the card user or cardholder faces serious problems.Fraudulent or unauthorised use is obviously a problem.

Report the unauthorised activity to police. To make a claim with your card issuer, you may need to file a police report and provide a copy of the report. The individual who used the card may face criminal chargesWhat happens when you use somebody else’s card with permission ? Even with permission, this is against the card issuer’s rules, so the account holder is breaking the agreement they signed with the issuer.

If your bank or credit card company finds out that you are lending out your card, there is a chance that your account will be closed.Lending out your card is risky. There is no guarantee that the card will only be used in the way you intended. It is hard to recover funds if you let somebody use your card because the usage was not unauthorised. Banks won’t reimburse you if somebody drains your account at an ATM after you give them permission to use your card and the PIN.

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