WalletHub, Financial Company
@WalletHub
Nothing much happens if you don’t use your credit card for a month. You’ll just need to keep up to date with your monthly payment if you have an existing balance. But your credit card issuer isn’t going to close your account for less than three months of inactivity. And on top of that, you’ll still receive a monthly statement if you don’t make any purchases, but there won’t be anything new to pay off.
Interest will still accrue on any balance you had from past months, and you’ll still need to make a monthly payment on that balance. So don’t forget to send that in, if applicable. But if you always pay in full, you don’t need to do anything.
Here’s why you should use your card frequently
The only other thing to consider is that if your card offers rewards, you’ll miss out on a month’s worth if you don’t use it. You’re going to spend some money on necessities anyway, so it’s probably worth it to put your groceries or gas on your card. And it’s good for your credit score to use your card every month, too.
People also ask
What happens if you don't use your credit card?
The short answer is that nothing is likely to happen if you don’t use your credit card for a few months. Not using your card could actually help your credit score if you have a $0 balance when you stop (contrary to some common myths about keeping a small credit card balance being beneficial).
The longer answer is that exactly what happens if you don’t use your credit card depends on which card you...
read full answerHow often should I use my credit card to keep it active?
You should use your credit card at least once every three months to keep it active. However, make sure you use it more often than that if you want your credit score to improve at a faster rate. Not all issuers have the same policies when it comes to credit card inactivity. Some might never close an inactive card, while others might do it after only a few months. But there aren’t any major credit card companies that state they’ll close...
read full answerWhat happens if you don't pay your credit card?
If you don’t pay your credit card bill at all, you will likely get charged a late fee, lose your grace period, and have to pay interest at a penalty rate. Your credit score will also go down if you fall at least 30 days behind on a credit card bill payment. If you continue to not pay, your issuer may close your account. But you’ll still be responsible for the bill.
If you don’t pay your...
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