Credit cards offer many rewards programmes, cashback offers, and various benefits such as complimentary lounge access. You miss out on these rewards and perks.
Inactive credit cards can be a problem during financial emergencies. If your card is dormant, you need to request reactivation, which can take some time.
When you don’t use your credit cards, you have less financial flexibility in terms of making large or unexpected payments.
Building a credit history is crucial for financial transactions such as loan or mortgage applications. An inactive credit card has a negative impact on your credit history.
Maintaining open credit card accounts, even when not actively using them, can be beneficial for building a positive credit history, provided you're not avoiding debt.