Q:

What are some penalties for credit card fraud?

A:

Quick Answer

Penalties for credit card fraud vary by state, but the crime is often punishable by a fine, jail sentence or a combination of both, according to HG.org. The severity of the punishment generally depends on the amount or value of the theft.

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Full Answer

Credit card fraud, which also includes debit card fraud, is a form of identity theft, notes FindLaw. It occurs when a person illegally uses someone else’s credit card information to make purchases or withdraw money. Credit card fraud laws are generally written in vague enough terms to include a wide variety of fraudulent conduct, but the crime is usually classified as a misdemeanor or a felony.

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