What happens with non-use of a credit card?
A. You will probably get a lot of mail asking you to accept more credit cards; you will get a lot of blank checks that you could fill out and deposit in your account (perhaps you should call the credit card company first to ensure that the check would be honored if deposited by you); you would get various offers as a member of a list of credit card holders in good standing; and credit card companies are now talking about imposing a non-use fee to make up for the annual fee that they eliminated in many cases, because of their ability to impose late fees, higher interest rates and cash-advance transaction fees on the customer. Now, the credit-card companies want to have their annual fee, and can get it from non-users by charging a non-use fee. Q9. What is a credit-card company’s feeling towards a holder that is habitually late in making payment on his/her monthly statement or has a steadily increasing outstanding balance by the end of each month? A. Pure delight. As long as the card hold
