Chase inactive account question

[ltspongebob]

I have a similar question.  I have heard it said that with most CC that have and annual fee, the issuer is less likely to close due to inactivity.  Any truth to this rumor?

Sponge

[MoreRewards]

It wOuld be very nice if they did that for all accounts.

I will just use it and see.

[Dustink]

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@ltspongebob wrote:

I have a similar question.  I have heard it said that with most CC that have and annual fee, the issuer is less likely to close due to inactivity.  Any truth to this rumor?

Sponge

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An AF is activity. So yes, a card with an AF would be less likely to close due to inactivity.

[Revelate]

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@Dustink wrote:

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@ltspongebob wrote:

I have a similar question.  I have heard it said that with most CC that have and annual fee, the issuer is less likely to close due to inactivity.  Any truth to this rumor?

Sponge

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An AF is activity. So yes, a card with an AF would be less likely to close due to inactivity.

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+1.

Also a card that has an AF, makes up for the non-zero servicing charge associated with even an unused account.  When dealing with accounts on the order of a Chase, an Amex, or a BOFA, that adds up and is more likely to be a factor in a purge.

[ltspongebob]

That's what i was hoping. I was thinking that an annual fee would be "free" money to the issuer and they would like to keep that going.

[Xer0_SiN]

i talkedt o underwriting today about this very subject since i have no intention of using the mastercard side of my militarystar card. you have a 24 mont period before they close your account due to inactivity.