What if I get approved, but don’t spend anything?
I have been approved but do not plan to use it within the 30 days. Do i have still have to pay for the loan?
iPhone 12 Pro
Your offer for credit expires after 30 days. You’ll need to reapply. Using a credit card is not a requirement for opening an account. However, no use over 1 to 2 years, may result in account closure and >may< affect your credit score and result in account closure.
Having an open >dormant< account costs the bank/issuer money because of reserves set aside to cover loses and acquisition expenses. If bank see no activity closure and even possible banning from future accounts is possible, depending on the lender.
