as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
will a credit card issuer cancel an account if it never incurs interest?
user
speaking from personal experience: i have had a credit card canceled for exactly this reason. it's happened to me three times, with two different providers (natwest and nationwide). after the third instance i stopped bothering to even carry a credit card. it's worth noting that all three were "free" cards in the sense that i paid no flat fee or subscription to get the cards. the only way the issuer could make a profit on them was through interest. i was also not a frequent user, carrying the card for convenience more than anything else, although i did make purchases on all three. so it's certainly a possibility. but i live in the uk and i'm guessing most of your other respondents do not. it may be a practice that's more common here than in the us. that might even explain the origin of the rumour.
assistant