Lending my credit card
I owe my friend a lot of things, even though he is not requiring me to pay him back, I want to repay him somehow or even help him out with some of his leisures. I have credit cards on my name and some of them are being used frequently. Can I lend my credit card to him to buy some of his leisures and some of his meals that takes credit card.
Confused About Financial Products?
You can chat directly and receive the best offers from the experts.
Before you share your plastic with a relative, a friend, or an employee, review the cardholder agreement for your credit card to determine whether sharing your card is permitted. Some issuers outright prohibit anyone who isn't named on the card from using it. if you give someone else permission to use your card, it does not count as unauthorized use, but you will be liable for all charges they make.