02-22-2009 05:29 PM
Like many youngsters, my first credit card was a Visa from 1st Financial Bank USA. I've had the card since shortly after my 18th birthday (I'm 24 now). During college, my balances on all my accounts were consistently high, but since graduation I've paid off all of my cc debt and have enjoyed the benefits of high FICO scores and tempting cc offers.
I haven't used my 1FBUSA Visa for almost a year. I don't like to use it; the fee to pay the account via phone or Internet is high, and because I live abroad, mailing a payment is not a practical option. And because of my high scores, I'm qualifying for much better deals from other companies - so I just keep the 1FBUSA Visa to preserve my credit history.
Here's my concern: if I continue to not use the account, 1FBUSA might just close it. I've had that happen to other accounts. This is my oldest account, however, and it's one of my higher credit limits, so I'm concerned that losing it might negatively impact my scores.
Any experiences with this company? How long can I go without using the account without running the risk of losing it?
02-22-2009 05:33 PM
02-22-2009 05:43 PM
02-26-2009 07:50 PM
This was my first card as well, back when I was 18. I'm also 24 now.
I basically buy one thing on it every few months. I bought a pair of pants on it for Christmas. I just use my Bank of America billpay to pay it off. I was using their online payment method for awhile before I realized they charged $9. What a rip off. I only keep it open because no AF, and because it is my oldest card.