Derogatory Mark For Inactivity?

[Brooks14]

Thanks jojo , your last post basically was the answer I was looking for  

i will SD and use for 10 bucks if they say they will cancel like u do.

really appreciate all the help!!!!

[sexy_kitten7]

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@Brooks14 wrote:

So would you suggest closing a card that will never be used or let them close due to inactivity?

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Always keep tradelines without AFs open! There are several benefits. Obviously it's your choice, but I would just SD it.

Keep it Open
Pros: Lower util, longer AAoA, relationship w/bank, won't fall off credit report
Cons: Identity theft, paperwork

[SunriseEarth]

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@sexy_kitten7 wrote:

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@Brooks14 wrote:

So would you suggest closing a card that will never be used or let them close due to inactivity?

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Always keep tradelines without AFs open! There are several benefits. Obviously it's your choice, but I would just SD it.

Keep it Open
Pros: Lower util, longer AAoA, relationship w/bank, won't fall off credit report
Cons: Identity theft, paperwork

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+1.  Sums it up well.

I'm generally in favor of the SD at this point in my credit journey, although I may close VS once it hits the year mark, unless I see a good CLI at the 9 month mark or unless I find a better use for it.   

[Revelate]

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@SunriseEarth wrote:

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@sexy_kitten7 wrote:

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@Brooks14 wrote:

So would you suggest closing a card that will never be used or let them close due to inactivity?

---

Always keep tradelines without AFs open! There are several benefits. Obviously it's your choice, but I would just SD it.

Keep it Open
Pros: Lower util, longer AAoA, relationship w/bank, won't fall off credit report
Cons: Identity theft, paperwork

---

+1.  Sums it up well.

I'm generally in favor of the SD at this point in my credit journey, although I may close VS once it hits the year mark, unless I see a good CLI at the 9 month mark or unless I find a better use for it.   

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To add to that, identity theft / fraudulent use is low with a card you're simply maintaining: far less exposure than a general use credit card.

Also, people still receive paper statements? 

Had to do the random online agreement junk for a new Chase card and when I got to the paperless section, was wondering why it wasn't default at this point... I couldn't hit Submit for paperless fast enough in my opinion.

[SunriseEarth]

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@Revelate wrote:

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@SunriseEarth wrote:

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@sexy_kitten7 wrote:

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@Brooks14 wrote:

So would you suggest closing a card that will never be used or let them close due to inactivity?

---

Always keep tradelines without AFs open! There are several benefits. Obviously it's your choice, but I would just SD it.

Keep it Open
Pros: Lower util, longer AAoA, relationship w/bank, won't fall off credit report
Cons: Identity theft, paperwork

---

+1.  Sums it up well.

I'm generally in favor of the SD at this point in my credit journey, although I may close VS once it hits the year mark, unless I see a good CLI at the 9 month mark or unless I find a better use for it.   

---

To add to that, identity theft / fraudulent use is low with a card you're simply maintaining: far less exposure than a general use credit card.

Also, people still receive paper statements? 

Had to do the random online agreement junk for a new Chase card and when I got to the paperless section, was wondering why it wasn't default at this point... I couldn't hit Submit for paperless fast enough in my opinion.

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Same here.  The last card I had that refused to do electronic statements was Credit One back in 2012, but that changed.

Anyway, I took "paperwork" as the means of keeping track of a TL, and not something involving actual paper (i hope!). 

[newUser0]

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@Brooks14 wrote:

I just get worried about the whole "closed by lender" aspect when you let a card close due to inactivity. Though what you say makes sense...why not extend the TL as long as possible

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From your signature, it looks like you don't have too MANY  cards. Personally, If you care that much, it should not be that hard, for you to put some 1-2$ charge on your unused cards (Gum, Coke etc) 

Can do this like once in 3 months and this will show some activity on your cards.