I was going to get a credit card for emergencies only...I would not normally use it. What I want to know is would the credit card company charge me for just having the card, even if I dont use it?
2006-11-09 00:31:15 · 20 answers · asked by Anonymous in Business & Finance ➔ Credit
No they dont, i have exactly what you refer to, i just keep getting bills saying your minimum payment is not due yet.
2006-11-09 00:34:31 · answer #1 · answered by thecoldvoiceofreason 6 · 0⤊ 0⤋
I can only speak for American cards. The only way you would have to pay something is if you get a card that has an annual fee.
Just steer clear of any that have an annual fee and you will not be charged anything. You can have a card and simply not use it. HOWEVER some companies are now shutting down unused cards so it is in your best interest to use your card at least twice a year. No big deal, just buy groceries with it one week and pay it off completely when the bill comes. Simple simple!!
2006-11-09 02:25:29 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
Nope, and some never charge you any fee ever, providing you pay off the amount when its due. You will probably have to activate it before you use it though! However it can be very tempting for many people to use their c/c even if they know they wont be able to repay the full amount at the end of each month. Thats when they get into trouble. The outstanding balance will incur vast interest charges which will be compounded each month growing larger by the month. So providing you are strong willed enough a c/c for emergency use ONLY is free unless used.
2006-11-09 00:53:40 · answer #3 · answered by lizzy b 1 · 0⤊ 0⤋
In the UK that depends on the credit card company. Some charge an annual fee. There are those that are free if unused just make sure that you read the terms and conditions before signing.
2006-11-09 00:35:03 · answer #4 · answered by Curiouslad 2 · 0⤊ 0⤋
I'm not aware of any cards that charge if you don't use them.
However, there are some cards that charge membership fees yearly. The biggest example is American Express. It costs about $55.00 each year (I think that's the amount). However, if you want to help your credit scores, having an AmEx is as powerful as having a mortgage on your credit score.
Hope this helps.
2006-11-09 00:34:19 · answer #5 · answered by thealabamer 1 · 2⤊ 0⤋
hi
as long as you choose a card that has no annual fee, if you don't use the card you won't be charged anything each month. you won't even receive a statement each month unless you use the card at least once.
i have several cards i keep for emergencies, some i've had for years and am never charged anything for keeping them.
hope this helps.
2006-11-09 05:02:04 · answer #6 · answered by Chris J 2 · 0⤊ 0⤋
You wont get charged, you only get charged if your card carrys an annual charge - which your be hard pressed to find a fee paying card now-a-days
2006-11-09 02:05:12 · answer #7 · answered by theguyintelford 3 · 0⤊ 0⤋
No, only if you have a balance on the card. Try to get one with 0% for 12 months just in case you do use it.
2006-11-09 00:33:06 · answer #8 · answered by DJ R 3 · 0⤊ 0⤋
Not usually, however if the card has an annual fee or something similar that will be put on there and you will have to pay for that.
2006-11-09 01:57:42 · answer #9 · answered by neinmom2one 3 · 0⤊ 0⤋
Another way they can get you is to charge ypu a annual/monthly payment protection fee in case you get made redundant, get sick etc. I know barclaycard did this. If you do want payment protection, get one that is a % of your balance therefore if your balance is 0, you won't get charged protection.
2006-11-09 00:42:44 · answer #10 · answered by cheekymonkey 1 · 0⤊ 0⤋
some do
some dont
most dont nowadays, although some include a clause that says if you dont pay X in interest per year you will be charged a management fee.
read the small print, its all in there
2006-11-09 02:23:21 · answer #11 · answered by alatoruk 5 · 0⤊ 0⤋