Dormancy Fee

A dormancy fee was a fee that was sometimes charged to a credit card account that was not being used in a long time. When an account was deemed to be dormant the credit card company would apply a dormancy fee onto the account to boost their income. Dormancy fees are now banned in certain instances and no longer applied to dormant accounts until certain longevity criteria is met (this change was introduced in the CARD Act of 2009).

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