11-26-2012 06:54 AM
I have a MC from Amalgamated Bank, I got in the late 80's when it was one of the lower APR cards around. I haven't used it for years. About 6 months ago, they sent me a letter saying that as I haven't used it for so long, they would not be sending me a new card when my current when expired (which happened at the end of Aug). I didn't really care, even though it was my oldest open credit line, and it certainly made sense from the bank view.
11-26-2012 07:02 AM
Ha! I wonder if/when that will eventually catch up to itself. That's like the polar opposite of my BOA CC I had that I let lapse during my credit idiocy phase. It lapsed to 90 days and they closed it, but before they charged it off or sent it out for collections, I agreed to keep paying it. So I made payments on a card that reported as closed for three years, and they kept updating the TL to show the payments and account status.
Financed car @ 5.49% w/ DCU, Added DCU VIsa, Chase Freedom,
AMEX Gold and BCE, Lowe's