What Happens If You Dont Use Your Credit Cards?

This question is simple. The credit card companies will close your cards. Not using your credit cards affects your credit. The companies use a system called Credit Utilization Ratio. CUR is the amount of debt you have and the amount you have been approved for.If you are not using your credit card on a regular basis they will lower your credit limit and if you have a balance, this will result in a high balance and late fees. As result, a credit card that will be closed due to high balance. This hurts you as a consumer and will lower your credit score. Because of the recession, credit card companies are losing money by having credit cards on their accounts that are not being used.

In order to avoid having your credit card closed out because of non-usage. You need to call the company and talk to a customer representative. In most cases, credit cards are closed out by an automated system.