Credit cards are a convenient way to make purchases and build credit history. However, many cardholders wonder how long they can keep a credit card without using it before it becomes inactive or canceled. The answer depends on several factors, including the card issuer's policies, your account activity, and the type of card you have. In this article, we will explore the different scenarios and provide insights into how long you can keep a credit card unused before it is deactivated.
Firstly, let's clarify what happens when you stop using your credit card. If you do not use your card for a certain period, most card issuers will automatically place your card on hold or temporarily suspend it. This is done to protect your account from fraudulent activities and to maintain a healthy credit score. The length of time before your card is suspended or cancelled varies depending on the card issuer and your account activity.
Generally, if you do not use your card for six months or more, it may be automatically suspended. Some issuers may require you to contact them to request the suspension, while others may automatically suspend the card after a certain period of inactivity. Once suspended, the card will no longer work for transactions until you reactivate it by contacting the issuer or logging into your online account.
However, there are some exceptions to this rule. For example, some issuers may have specific policies that allow you to keep your card active even if you do not use it frequently. These policies may include rewards programs, cashback offers, or other benefits that require you to maintain an active card. It is essential to review your cardholder agreement or contact your issuer directly to understand their specific rules regarding inactivity.
Another factor that affects the duration of inactivity before a card is suspended or cancelled is your account balance. If you have a zero balance on your card, some issuers may consider it as inactive and proceed with the suspension process. On the other hand, if you have a positive balance, the issuer may be less likely to suspend your card due to the potential risk of debt collection.
Lastly, the type of credit card you have also plays a role in determining how long you can keep it unused. Some cards are designed for frequent usage and may have shorter inactivity periods compared to others. For example, travel rewards cards often have shorter inactivity periods to encourage cardholders to use their cards for qualifying expenses. Similarly, business credit cards may have stricter rules regarding inactivity due to their intended use for business expenses.
In conclusion, the length of time you can keep a credit card unused before it is suspended or cancelled depends on various factors, including the card issuer's policies, your account activity, and the type of card you have. To avoid any confusion or unwanted consequences, it is advisable to review your cardholder agreement or contact your issuer directly to understand their specific rules regarding inactivity. By staying informed and maintaining good cardholder behavior, you can ensure that your credit card remains active and beneficial for your financial health.