Because credit cards have the consumption characteristic of "spend first, repay later", they have always been widely loved and favored by young people. Many friends will choose to apply for a credit card first when they are in urgent need of consumption. And many credit cards can even provide you with cash installment services, which is actually using a credit card to borrow money. But recently, a netizen came to the editor for consultation. He wanted to know that although he had not used his credit card to make purchases recently, he received a debt text message from the bank, asking him to repay it as soon as possible.

Reasons for owing money despite unused credit cards:

1. Reasons for annual fees: After the credit card is activated, it will be very difficult for the bank to charge you even though you have not swiped the card or borrowed money. The big reason lies in the annual fee and the cost of production. If the cardholder applies for a credit card with a non-rigid annual fee, the annual fee will be charged as long as the card is activated, and the annual fee will be directly deducted from the credit card limit. This will lead to the situation of owing money without using the credit card.

2. Report loss and replace the card: If the credit card cannot be found or is lost, in order to avoid being stolen by others, many cardholders will choose to go to the bank to report the loss and replace the card. Although it is free to report the loss of credit cards in most banks, there is also a fee to replace the card. The general fee is about 50 yuan, which will be deducted from the credit card limit. You need to pay back in time to avoid overdue payments.

3. The credit card has been stolen: There is a final possibility that the credit card has been stolen. If it is stolen by others, it will also result in credit card debt. Don't think that you don't have to repay the money if it is not used by you. The bank will only seek debt collection from the card holder and does not care about the actual users of the credit card. Please report the loss promptly to prove that the card was not used by you.

Finally, there are some cards that waive the annual fee in the first year. If you use the card in the second year, the annual fee will be waived for the following year. However, some people have not used it after applying, which will lead to the second year of use. If you owe money after charging annual fees for two years, to avoid unnecessary trouble, please cancel some infrequently used credit cards in a timely manner.