Avoid canceling your credit card by making these mistakes

When used correctly, a credit card can be a great ally for a healthy financial life. However, in some cases, the service was not viable, resulting in the person's credit card being canceled. Check below how to avoid this!

Avoid doing this to prevent your credit card from being canceled

There are many reasons why a credit card can be canceled, but the champion is lack of use on the part of the cardholder. If a person does not use the card for more than 12 consecutive months, the bank knows that it does not need to release the credit line and decides to cancel it.

The objective of the card is precisely to stimulate consumption, generating profits for financial institutions. There is no point extending credit without using the tool. But there are more bank reasons for canceling credit cards than just that. You can check out the rest below!

Other reasons that can cause unexpected credit card cancellations

It's not just lack of use that can suddenly cancel your credit card. There are other circumstances that also mean the end of the service. they are:

• When there is a lack of commercial interest, the administrator may decide that it is no longer interested in having the person as a client;
• Suspected use of the credit card for illicit activities;
• Purchases that are outside the consumer’s behavior profile or profile;
• Card has been discontinued;
• In case of fraud when using bill payment, points program, among others;
• Recurrent delays in paying the invoice – in this case, the bank starts by reducing the limit until the service is canceled;
• The CPF is irregular with the Federal Revenue Service;
• The CPF became part of the credit protection bodies;
• The customer is paying only the minimum invoice amount frequently.