According to statistics, approximately 25 million Russians have credit cards. However, the research does not provide comprehensive information on the intensity of use of banking products. It is obvious that many credit cards remain unclaimed and are simply stored by their owners.
But can you leave everything as is or is it better to get rid of the card? After all, the Internet is full of stories of people who forgot about the existence of a credit card for a couple of years, and then discovered a huge debt on it, although they had previously made all the necessary payments.
In fact, everything is not so scary: you can take no action if jiangxi mobile number database you carefully read the terms of the agreement. But there are also opposite situations. Therefore, let's talk about how to close a credit card, in which cases it is worth doing it right away, and when it is more advisable to abandon the idea of terminating the agreement.
What You Need to Know About Credit Cards
To understand how reasonable it is to keep an unused credit card, it is important to know the principles of its operation. In fact, it is a payment instrument that opens access to borrowed funds within the limits provided to the bank. In the future, the cardholder must repay the debt to the creditor in the manner established by the agreement.
Among the key characteristics of this payment instrument are:
Limit – the money that is visible on the credit card balance. The amount is fixed in the agreement. The bank can increase or decrease the limit by agreement with the borrower or on its own initiative, if this is allowed by the previously concluded agreement.
Terms of service – it can be paid or free, with different interest rates, variable bonuses and privileges.