Nowadays, many people have set up many credit cards for consumption, but there are too many cards in their hands, so it is inevitable that some cards will be neglected, and they may be useless after they are set up. So they were worried about the impact of not spending their credit cards, so they ran to ask if credit cards had to be spent every month. Let's have a look.
1. Do I have to spend every month if I get a credit card?
In fact, the bank does not stipulate that credit cards must be spent every month. They only manage whether you use the card well and monitor your card use behavior, so it is useless after you apply for the card, and the bank will not force you to use it.
But if you don't spend credit cards, it will have a certain impact.
2. What if I don't use my credit card every month?
If you have a credit card, it has been opened, but you don't spend it every month. If you don't swipe it enough times in the annual fee settlement cycle, you will be deducted from the annual fee, so you must repay it, otherwise it will affect your credit and have a high penalty interest, which is very uneconomical.
In addition, credit cards are not consumed every month, and no transaction records have been generated for several months. Banks may reduce the amount of credit cards, especially large credit cards, because they will think that you have no consumer demand and will recover the amount to others who need it.
In addition, it is easy to increase the credit card limit and develop good card habits by spending more cards every month. However, if you don't use a card to spend money, the bank won't know your spending power and level, so it won't give you an amount easily, which is a big taboo for cardholders who want to raise the amount.
In a word, it is not required to spend money every month to run a credit card, but relatively speaking, spending money with a credit card often has many advantages, and there are certain risks if it is not used. It is better to cancel directly to avoid wasting resources.
Does it cost money to use a credit card every month?
Credit cards don't cost money every month. However, if you don't swipe your card to the designated number of times, you need to charge an annual fee, which is not conducive to cash withdrawal by credit card.
1, continuous and frequent credit card spending helps to increase the credit card limit.
Persistence means that after you have a credit card, you should insist on long-term credit card consumption. It is best to have a credit card spending limit every month for more than three consecutive months. Don't freeze it for a long time.
Frequent consumption means spending anywhere you can swipe your card, regardless of the amount. The more credit card times and services, the better. If you swipe your card at one time, it is easy for the bank to think it is suspicious and it is difficult to increase the quota.
2. Credit cards basically have an annual fee, but they basically have an annual fee-free policy. For example, CCB can be exempted as long as it swipes its card three times a year; But if you don't swipe your card to the bank the specified number of times within a year, you need to charge an annual fee.
Extended data
The relationship between the number of credit card swipes and the annual fee.
General standard credit card annual fee is about 100 yuan, and gold card annual fee is generally 200 yuan or 300 yuan. The annual fee of a single-currency card is lower than that of a dual-currency card. Generally, the annual fee of the supplementary card is halved corresponding to the annual fee of the main card. However, the annual fee standard of credit cards of different banks will be different according to different cards. Even for credit cards issued by the same credit card center, the annual fee standard will vary greatly.
Most credit cards can be exempted from the annual fee in the first year, and the annual fee can be reduced after a certain number of swipes or a certain amount.
The relatively low standards are the standard cards of China Construction Bank and China Everbright Bank. Cardholders can waive the annual fee for the following year as long as they swipe their cards three times a year. Among them, the cumulative number of swipes can be combined between the main card and the auxiliary card of Everbright Credit Card, that is, the main card and the auxiliary card swipe their cards for three times, which can be exempted from the annual fee.
At present, the annual fee-free policy of Bank of Communications is the annual fee-free policy in the first year, and the annual fee-free policy in the following year if you swipe your card six times in one year (unlimited amount). The swipe times of the main card and the auxiliary card can be calculated together.
The annual fee-free policy of Shanghai Pudong Development Bank is quite special. Standard Capka cardholders need to spend more than 2,000 yuan, and gold cardholders need to spend more than 5,000 yuan to avoid the annual fee for the following year. The annual fee exemption standards of other Pudong Development Bank cards are also different. For example, the holder of Shanghai Airlines co-branded card needs to spend 3000 yuan every year to avoid the annual fee of the following year.
Minsheng Bank and Shenzhen Development Bank have relatively high annual fee-free standards. The former requires cardholders to swipe their cards eight times a year to avoid the annual fee of the following year, while the latter raises the standard to 18 times. Moreover, both credit card centers stipulate that the number of swipes of the main card and the auxiliary card should be calculated separately, and any card that fails to meet the standard needs to pay the corresponding annual fee.