Hello, applying for a credit card is for the card opening gift and card swiping money, so after applying for the card, you will basically not use it, but put the card aside. It should be noted that there are risks in not using your credit card for a long time. So what happens if you don’t use your credit card for a long time? There are four major influences that you may be affected by.
What will happen if the credit card is not used for a long time?
The consequences of not using the credit card for a long time
1. The annual fee will be deducted. As we all know, except for special credit cards that are free of annual fees, general credit cards require annual fees. Although many banks' Jinpu cards can use the number of card swipes to get annual fee reductions, but if they are not used for a long time, the number of card swipes cannot be reached. The annual fee will still be deducted, which needs to be noted.
2. Impact on credit. As can be seen from the above, once the annual fee is deducted from a credit card and we are unable to repay it in time, it will easily become overdue. Overdue credit cards have a great impact on personal credit reporting. Once the credit is stained, it will be stored in the credit reporting system for a long time. It has a great impact on our application for loans and credit cards.
3. Reduce the amount. If our credit card is activated but not used, the possibility of the limit being reduced is relatively high. When banks issue credit cards, they hope cardholders will swipe their cards more often. But if you don't use it for a long time, the bank will think that you have no need to use the card. At this time, the bank will reduce the limit.
What will happen if the credit card is not used for a long time?
The effects of not using the credit card for a long time
In addition to the above effects, if the credit card is not used for a long time, there may be the possibility of information being stolen. Credit cards were stolen. It can be seen that there are still many hidden dangers if a credit card is not used for a long time. The editor recommends that if you don't want to use it, try to cancel the card. Don't find it troublesome, otherwise you will easily suffer a big loss and it will be too late to regret it.