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Dormancy charges
Cece83
Posts: 2 Newbie
in Credit cards
Hi all. I have just taken out a credit card with capital one and wondered if there is any hidden charges such as a dormancy charge ? I got the basic credit builder card as it's my first credit card. I don't plan on going berserk with it as I'm trying build up my credit. Any help on this would be great. Thanks in advance .
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Comments
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There isn't a dormancy charge, but if you don't use the card for sometime it's likely they would close the account.0
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Thank you for taking the time to respond.0
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If you don't use the card regularly and pay it off after the statement is issued, it's not going to do anything much to 'build up your credit'.Evolution, not revolution0
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I think the OP probably meant "I'm trying build up my credit rating."
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