What Happens If You Don't Use Your Credit Card?
Learn about credit card fees and charges even when not in use. Understand your financial responsibility.
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No, if you don't use your credit card, you typically won't incur interest charges. However, you might still be responsible for annual fees or maintenance fees if your card agreement includes them. Always check your credit card terms to understand any potential charges you could face even without usage.
FAQs & Answers
- Do I have to pay monthly fees if I don't use my credit card? It depends on your credit card agreement. Some cards may have monthly or annual fees regardless of usage, so it's important to review your terms.
- Will my credit score be affected if I don't use my credit card? Yes, not using your credit card can impact your credit score. Credit card utilization is a factor in credit scoring, so periodic use is advisable.
- What happens if I don't pay the annual fee on my unused credit card? If you don't pay the annual fee, your credit card issuer may close your account, which can negatively affect your credit score.
- Can I avoid fees by not using my credit card at all? You may avoid interest charges, but any applicable fees in your card agreement still apply. Always check for annual or maintenance fees.