claimbankchargesback
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No, you wouldn't normally have to. As your not spending anything, there will be no interest or balance, and consequently nothing to pay back.
The only exception is if the credit card has an annual fee, which some do, and you`ll have to pay this even though you haven't used the card. |
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great_and_mighty_adam_levine
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Only if it has an annual fee or you buy additional credit services with the card, like credit monitoring.
Today, most credit cards don't have annual fees unless they have awesome perks or are marketed to people with subprime credit.
-->Adam |
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jalopina98
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it depends. if it has an anual fee then you will have to pay that yearly, if not then you have an open line of credit with no activity and shouldn't owe anything
also if you brought "insurance" on the card you may have a monthly/yearly amount that you have to pay |
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bostonianinmo
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Yes, if there is an annual fee for the card. Not all have an annual fee and personally I'd never carry one that had a fee. If there's no annual fee then there would be nothing to pay. |
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Sugar and Spice ♥♀
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No, you're only charged for transactions. If your account balance is zero amount you won't have to pay. You may still have a yearly charge though, depending on who you're with.
If you have any outstanding balance then yes you will have to pay for those, obviously. |
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Emma B
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No you only pay for what you spend plus any interest and any annual fee. |
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alatoruk
 |
no, it is the one time that the minimum repayment doesnt come into it.
little lesser known fact - if you get into credit with your credit card then you are effectively buying things with your own money. which means you are not covered by the credit card insurance (you know where if you buy something and it doesnt work and the company goes bust you can still get your money back from the c/card company). |
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babo1dm
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what ever Monthly Fees if any...remember you can cancel it anytime...and it doesn't affect your credit score |
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jduck1979
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Depends on the credit card company... some are starting to introduce Inactivity fees / annual fees to make up lost profits after getting their knuckles wrapped for excessive penalty fees.
See the credit cards section on The Motley Fool (UK) for further info on Credit Cards
http://www.fool.co.uk/credit-cards/credit-cards-comparison.aspx
Particularly the Credit card articles:
http://www.fool.co.uk/news/archive.aspx?id=466&year=2007 |
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pollywallydoodle
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Nope, and some good advice would be to leave i that way. Spend what you have and be debt free. |
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aresee
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Only if there's an Annual Fee. |
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Gem*
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No you don't. |
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jude
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Like what.....
Credit card - 0 balance
Payment - 0
But if you want to pay, send me a cheque for £550.00 - if it makes you feel better. I will send you a receipt too |
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