What will happen if you apply for a credit card but never use it? There may be these effects

Banks do not require cardholders to use the card after they apply for a credit card. Therefore, many people get a credit card and feel that there is no need for it, so they put it aside and do not use it. This is short-term. There may be no problem within a certain period of time, but if the card is not used for a long time, it may have various impacts on the cardholder. The most common ones are the following:

1. Impact on credit:

This is mainly caused by credit card charges. The charges include two aspects. One is the cost of payment for special cards, and the other is the rigid annual fee for high-end cards. These fees apply regardless of whether the card is opened or not, and whether the card is used or not. They are all deducted directly from the credit card limit and included in the first installment of the bill. You must repay on time, otherwise your credit will be damaged first if it is overdue.

2. Impact on card use:

If you apply for a credit card and never use it, and there is no transaction record for more than 6 months, it will be easily controlled by the bank, and you may not be able to use the card again. If you make a purchase or withdraw cash, you will be in a semi-dead state. Having a card means not having a card. Fortunately, you can apply to the bank for reactivation.

3. Difficulty in raising the limit:

Many people think that if they don’t use their credit card often, the bank will take the initiative to raise the limit for customers’ consumption, but in fact this situation is relatively rare. On the contrary, if you don't use the card all the time, it will be very difficult to increase the limit. After all, the bank conducts a comprehensive evaluation based on the user's credit conditions and card usage. If you don't use the card, the bank will feel that there is no demand, and it is a waste to give too high a limit.

4. Easy to derate:

This is not alarmist, indeed some banks will do this. As early as last year, China CITIC Bank issued an announcement on its official website that it would reduce the credit limit of credit cards that have not generated any transaction records for more than 6 months.

The above is the relevant introduction to "What will happen if you apply for a credit card and never use it". In addition to the effects introduced above, there is also the risk of credit card fraud if you never use it. Therefore, if you really don’t want to use the card, in order to avoid risks, it is recommended to cancel it as soon as possible.

What will happen if you don’t use your credit card for a long time?

You must first understand the annual fee policy of this credit card. If there is no annual fee, it doesn’t matter if you don’t use it. If there is an annual fee, it is recommended that you cancel the card. The specific situation is as follows:

1. Generally, there is no problem if you do not open the card after getting it. However, there are also cases where a few banks need to charge annual fees even if the card is not opened. It is best to first Call customer service to determine the type of charge. .

2. If the card has been opened or the bank needs to charge an annual fee, if the credit card is not used for a long time, not only will the annual fee be charged because it does not meet the annual fee exemption rules, but the bank will also automatically reduce the limit. Once lost, the credit card will be refunded. Will cause theft losses.

3. Therefore, it is best to log out directly if it is not used for a long time. After success, it is best to cut the credit card to prevent it from being used by others after being lost. Avoid annual fees or other hassles.

Generally speaking, if the credit card is not activated, it will not affect personal credit. However, if the credit card you apply for is a high-end card or a customized card, annual fees may be incurred even if it is not activated. If you are not careful, it may The annual fee will be overdue, which will affect your personal credit.

The main consequences of not activating a credit card are as follows:

1. Annual fee: Banks are not allowed to charge annual fees to cardholders before they activate their credit cards. However, For platinum cards with higher levels from some banks, annual fees may be charged even if they are not activated. Therefore, if the user applies for a platinum card, he or she will still need to pay the annual credit card fee without activation. If the cardholder leaves the credit card unattended, then It is very likely that the annual fee of the credit card will be overdue;

2. There is a hidden risk of credit card theft for unactivated credit cards. If the credit card holder does not activate the credit card, criminals may use it to purchase personal information online, forge ID cards, and activate the credit card by exploiting bank customer service loopholes, thereby stealing the credit card and causing financial losses to the card holder;

3. Applying for the card again will result in rejection.

If a user applies for a credit card from a certain bank, but does not activate it for a long time, and later applies for a credit card from the same bank, the bank will query the user's credit card information and find that the user has not activated the credit card, and the bank may think that the user has not activated it. A credit card is not specifically required, thereby denying the user's application.

Extended information

Hazard 1: Affecting personal credit record.

As long as the credit card application is approved by the bank and the card is issued, it will appear on the cardholder's credit report whether it is activated or not. Cardholders are likely to default on annual fees without knowing it, thus affecting their personal credit history.

Hazard 2: Increased cardholder expenditures.

For some special credit cards of certain banks, regardless of whether they are activated or not, once the cardholder signs and confirms, the bank will charge an annual fee, which will increase the cardholder's expenses.

Hazard 3: Increase the risk of fraud.

"Sleeping Card" is in a sleeping state for a long time and is not easily detected by the cardholder after being obtained by others, greatly increasing the risk of fraud.

Hazard 4: It lays hidden dangers for buying and selling accounts, opening accounts under false names and opening accounts with fictitious agency relationships.

According to reports from the public security organs, in the current new illegal and criminal activities on the telecommunications network, one of the bank accounts and payment accounts used by criminals to transfer funds is to directly purchase bank accounts and payment accounts opened by individuals.

Hazard 5: Waste of management resources.

This results in a waste of bank management resources, and accounts that have not been moved for a long time have also become internal risk points within the bank.

What are the consequences if a credit card (debit card) is not used for a long time?

Whether you are doing business in the bank or shopping on the street, you will always encounter a salesperson asking you if you need to apply for a credit card (debit card). Sometimes you just do it out of curiosity, anyway. There was no loss, but after the card was approved, I found that I couldn’t use it, so I kept it. Did you know that doing so would affect your credit report?

First of all, even if the card is activated or not, it will be recorded on the central bank’s credit report. If there is a record of applying for a card but no record of using it, future applications for a credit card (credit card) may be rejected. Because the bank tries its best to get you to apply for a card, and the purpose of helping you review and approve the card is to let you use it. If you don't use it, not only will the bank not make money, but it will also lose the cost of the card. Therefore, not activating the card after applying for it, or not using it after activation, will affect the approval rate and limit of future credit card (debit card) applications.

Second, credit cards (debit cards) will charge annual fees even if you don’t use them. At present, most bank credit cards (debit cards) charge an annual fee after activation. The annual fee is generally 50-200 yuan. Some banks stipulate that the annual fee can be waived by swiping three times a year. Therefore, even if you don’t use your credit card once, you will still be charged an annual fee. When there is a balance in the card, money will be automatically deducted, and when there is no money in the card, it will be calculated as an overdraft. If you fail to pay off the annual fee in time in the following year, it will cause a credit overdue record, which will be recorded in your personal credit record. Overdue interest will not be charged. When you finally find out, even though you have not paid it once, you will still have to pay off the annual fee. By the time you pay back a sum of money, it's too late to regret it. If you don’t swipe the card after applying for it, you will have to pay the annual fee, and there may even be a risk of overdue payment. This account is not cost-effective!

Third, don’t worry about your credit card (debit card) being stolen for a long time! Nowadays, many credit cards (debit cards) accept small-amount password-free payments by default, that is, "Quick Pass". You do not need to enter a password for purchases up to 1,000 yuan. If it is not used for a long time, it will be lost or stolen, and if it is obtained by criminals, there is a risk of being swiped.

In addition, if a credit card (debit card) is not used for a long time, the limit may be reduced or even blocked. One day when I am short of money, I remember that I still have a credit card (debit card), but I find that I have used it. No, this would be embarrassing.

So, don’t apply for a credit card (debit card) casually. Once you apply for it, use it well. Not only can you avoid annual fees by using multiple credit cards (debit cards), but you can also accumulate a good credit record. If you really don't need it, cancel the card early to avoid causing yourself more trouble.

This is the end of the introduction about what will happen if you don’t use a credit card and whether you can use a credit card without using a card. I wonder if you found the information you need?