Do you still have any obligations on your credit card even if you haven't use it in a month or two?

Question

like monthly charges or something? will you still gonna pay? and how much? how about the HSBC Red Card... how much will you pay even if you haven't use it? thanks

Answer 1

Every credit card has a list of fine print to tell you about reoccuring monthly charges. You should read the specifics for your card. Be wary of thinking you have your card paid off and then they charge you interest fees the next month. My husband paid a card off in February and then two months later owed almost a hundred dollars simply because they charged him a 2 dollar fee that he didn't pay the next month and they charged late fees every month on it and then interest on the late fees.

Answer 2

Most cards have no annual fees; however some do. A few cards have monthly fees. These are generally secured cards for peopel with really bad credit.

Always check you statement every month. You won't have problems with small unpaid balances ringing up late fees nor will bogus charges slip by you.

Answer 3

If you have a balance on the card, you always have to pay at least the minimum payment, which is a percent of the total balance. As long as you have a balance, you will incur monthly interest/fees, and your specific card might have a monthly charge.

Answer 4

1. if you pay it off teh entire balance every month then you have no obligation until you put a charge onit again.

ex. you spend 100 dollars on it and when the bill comes you send in the entire 100- no payment unitl you charge something agin

however you spend a 100 dollars and only make the minimum reqired 10 dollar payment - you will have another payment due each month ( they will add an interst charge) until it is paid off

get it?

Answer 5

every card doesn't come with an anual fee.