Unlike loans, apartment rentals, and many other contracts, lease agreements Credit cards they are not that hard to break. You can decide to cancel a credit card at any time for any reason, and the credit card company has the same right.

In general, it is much more common for consumers to cancel their cards. The companies of Credit cards they generally focus on adding and keeping cardholders, not getting rid of them. However, there are several reasons why a credit card company might decide to close your card.

1. Inactivity
If you never use your card, the card company Credit cards they may eventually shut it down. There is no set timeframe for when this occurs, as every card issuer is different. I've had cards that were closed for inactivity after a year, but I've also had cards that I haven't used in over five years that are still open.

To avoid this, be sure to use the Credit cards that you want to keep every three to six months. Another option is to set up a card as the payment method for a small recurring bill, so you have at least one transaction each month. If you're worried you'll forget to sign in and pay your credit card, you can set up automatic payments.

 2. Missed payments
Although the companies Credit cards they will give you some leeway if you don't pay on time, this patience only lasts for a while.

When your minimum payment is 90 days or more late, you're in the danger zone where your card could be cancelled. Your card can stay open longer, but 180 days past due is the limit where almost any credit card company Credit cards will cancel the card.

Your card could also be canceled if you regularly do not pay, even if you are never 90 days late. This not only puts you at risk of having your card cancelled, it also costs you money in late fees and can hurt your credit score.

3. Bankruptcy
Most of the companies Credit cards They have a policy of automatically canceling the cards if the cardholder files for bankruptcy.

This policy applies even if the card had no balance and was not part of the bankruptcy filing. From the card issuer's perspective, filing for bankruptcy makes you more vulnerable as a cardholder.

If you need to file for bankruptcy, assume that all of your Credit cards they will be cancelled, because that is the most likely scenario.

 4. Misuse of the Card Rewards Program
Card issuers have cracked down on consumers suspected of gambling their rewards programs. If a credit card company thinks you're using underhanded methods to earn more rewards, they might cancel any cards you have with them.

What could be considered a misuse of a rewards program? Here are some examples that could lead to problems:

High spending on gift cards or other cash equivalents, particularly at stores where your card earns bonus rewards

5. A drop in your credit score
If your credit score drops by a significant amount, credit card companies Credit cards They might reevaluate keeping you as a customer. Your credit score is one way creditors determine the risk of lending you money. A drop in your credit score means you are at greater risk than before.

Read More: Banco Azteca Guardadito Go Credit Card

You don't have to worry if your credit score drops by a small amount. But if it drops by 50 points or more, that could be a problem.

6. The card is no longer offered
A card issuer might decide to stop offering a credit card you have. In most cases, card issuers will close applications but allow previous cardholders to continue using the card.

However, there is also the possibility that a security company Credit cards close the requests and cancel the card entirely. When that happens, card issuers often give customers the option to transition to a similar card.

For Mike Caligiuri and his fiancée, buying a home together inspired them to also share a credit card.

«We were going to pay the same mortgage, and we had many common expenses. So, just for administrative reasons, it made sense,” says Caligiuri, a certified financial planner and founder of Ohio-based financial planning firm Caligiuri Financial.

Though it sounds like it's more about logistics than romance, he acknowledges that love plays a role, too: "You want to show the other partner that you trust him or her, and one way to do that is through joint finances," he says. .

While many card issuers don't allow joint accounts or cosigners on credit cards, it's usually relatively easy to add someone as an authorized user, which is what Caligiuri and his fiancée did. (She added it to her existing card.)

If you are thinking of share a credit card With a loved one, addressing burning issues early—such as spending limits, who pays the bill, and what the rewards strategy is for starters—can help avoid disagreements later.

Here are five conversations to have before sharing a credit card with your partner:

1. What is your credit history?
If you have credit card debt or have had problems with it in the past, it's important to let your partner know before you start share a credit card to avoid surprises later, suggests AnnaMarie Mock, a CFP based in Wayne, New Jersey. "It's vital that both partners understand the severity and cost of credit card debt because it can become a huge financial burden," he says.

That conversation is not always easy. According to a recent NerdWallet survey, about 1 in 5 Americans have lied to a significant other about their credit card debt or the amount of the debt. Still, more than 2 in 5 believe it's important for a couple to discuss their credit scores before moving in together, and the vast majority of those who combine finances with their partner – 86% – say all married couples they should combine at least some of their finances.

2. Who is going to pay the bill?
If one partner is the primary cardholder and the other is the authorized user, then the primary cardholder is ultimately responsible for paying the account. Paying it off in full and on time each month means you can avoid paying interest and late fees. If you open a new credit card together, you can decide who will take on that role.

Caligiuri and his fiancée, for example, decided that she would still be responsible for paying off the card each month. (She tells Caligiuri how much to transfer to their joint checking account before making that payment.)

3. What type of expense should be discussed in advance?
While everyday expenses like coffee or groceries probably don't require detailed discussion, Mock suggests deciding what level of spending does.

For example, one person probably shouldn't spend a $500 plane ticket without first checking with the other person. Large purchases can strain your card's credit limit or make it difficult to pay your bill in full at the end of the month, which could result in interest charges.

Read More: Online Pregnancy Test

4. How will the problems be addressed?
If you have a larger-than-expected monthly bill racking up, or if you're hit with a late fee or two, it's a good idea to have a communication plan in place, says Taylor Venanzi, a CFP and owner of Activate Wealth, based in in Philly.

He suggests establishing regular meetings once a month to review the card, spending habits, and savings goals.

5. How will you share the rewards?
Credit card rewards can be part of an overall strategy to help finance vacations, and couples can rack up points faster if they share cards, says Eric Simonson, certified financial planner and owner of the firm Abundo Wealth, with headquarters in Minneapolis. If travel isn't on their plans, they can also use rewards to earn cash or points toward shopping or gift cards, among other options.

Apple Pay It's a multi-billion dollar sleeper business.

We've seen Apple's services and subscription revenue skyrocket in recent years as the company moves away from hardware revenue and toward value-added services. One of them is Apple Pay, a purchasing technology that uses the traditional mechanics of credit cards, but dresses it with modern, simple and powerful technology.

Despite its launch a few years ago in only one country, Apple Pay it now accounts for 5% of all credit card purchase volume in the world, according to financial research firm Bernstein.
Apple Pay uses iPhones and Apple Watches to exchange payment information with contactless point-of-sale terminals. Adoption has likely accelerated with the early 2019 launch of the Apple Card. Instead of simply paying with other companies' credit cards, Apple becomes the credit card with Apple Card, which the company launched with Goldman Sachs and Mastercard.

The Global Payments Report says that global non-cash transaction volumes reached $539 billion in 2017, and were growing at 12% annually. Others have estimated the volume of global payments at around $1 trillion.

And that means Apple can rake in a lot of money along the way.

Apple Pay it doesn't return a lot of revenue to Apple per transaction: it's just another way to use your credit card. However, every time you use it, Apple gets a reduction of 0.15% of that payment. According to an estimate by 9to5Mac, if only 5% of transactions are made through Apple Pay, Apple would earn $525 million in the United States alone in 2018 transaction volumes.

At 10%, that's over a billion dollars.

And although you may not use Apple Pay all the time if you still have other credit cards, the customers who get the Apple Card are likely to use it almost exclusively, because then Apple can give you colorful reports and data on all your spending patterns.

(Plus, the Apple Card is privacy-safe, has no fees, and has a high money-back policy.)

The Apple Card is now available in the United States and Canada, in most of Europe, and in much of Asia. Add these other countries, add the continued growth of digital transactions, and add the continued penetration of Apple Card in the hands of the Apple faithful… and you have a multi-billion dollar business going.

Read More: Learn more about the future of cars

And that's the revenue that Apple can essentially sit down and collect. It's basically passive income, because Goldman Sachs and Mastercard do the heavy lifting, while Apple provides some hardware and software.

This should grow year after year.

That will probably worry some financial companies. What if Apple can convert all, or even a substantial fraction of Apple users to Apple Pay, or especially to Apple Card? Suddenly that multi-million dollar business grows even bigger.