It seems absolutely ridiculous to me that a bank would charge fees for non-use of a credit card. That’s right, folks. That credit card sitting in your wallet that you plan to use in case of emergencies; well be warned your bank may just charge you.
Throughout my time of reading and writing about credit cards, those wise ones of credit will tell you the do’s and don’ts of credit card ownership. Use it on small purchases and then pay off every month so you can generate a higher FICO score. You see, this is a game to some people and all they care about is their score-like a card game. This is not pinochle, or bridge, or even poker. This is life for many people and the score sometimes equates to survival. The game of credit, ironically works better for people with money who can afford not to use a credit card. And it is these people making the rules for the rest of us to follow.
Now, they intend to charge us for not playing-penalized for not playing their game. Even for those responsible people who do not to own a credit card are penalized in the FICO system. Does this sound like fair and honest business practice? No other business makes money from people’s nonuse for their product. My car dealership doesn’t send me a bill for when I’m overdue an oil change. My hairdresser doesn’t charge me when my ends start to split. Think about it America -No other business profits from our lack of use.
Curiously, we wouldn’t stand for a player who cheats at cards or who breaks the rules, yet fall all over ourselves at creditor whims. Stop playing a game with those who cheat the system for profit.