Do I get charged on my credit card if I don't use it?

Credit Card Inactivity: No Longer a Financial Headache

The days of being penalized for a dormant credit card are largely behind us. A 2010 ruling by the Federal Reserve effectively eliminated inactivity fees. No longer will you face charges simply for not using your credit card. This welcome change means you can hold onto credit cards for future convenience without worrying about accruing unnecessary fees.

However, while inactivity itself won’t trigger charges, it’s important to remember the terms of your specific credit card agreement. Any annual fee associated with the card remains due, regardless of whether or not you’ve made any purchases. So, if your card comes with an annual fee, be prepared to pay it, even if you haven’t used it for transactions.

In essence, while inactivity fees are a relic of the past, annual fees are still a factor to consider. It’s wise to review your credit card agreement to understand the full terms and conditions before assuming complete freedom from fees.