What happens if I stop using an old credit card but pay the minimum every month?

+1 vote
asked Feb 25, 2018 in Credit by CFG898 (280 points)
What happens if I stop using an old credit card but pay the minimum every month?

1 Answer

0 votes
answered Feb 26, 2018 by Judy (56,120 points)
If you still have a balance on the credit card and you don't use it but make the minimum payment each month then all you'll be doing is just paying off the balance which is a good thing.

But if you don't have a balance or owe any money on it then you'll just be making the credit card company richer and they will most likely just credit the money to your credit card account should you decide to still use the credit card.

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