JYoung214 wrote:Since I have a zero balance I no longer have to make payments. Should I keep it like this or charge something very small each month to keep making payments and help my payment history? does FICO care if i have a zero balance or will it hurt me because im not managing this account?
I'd get rid of the "fraud liability protection." By law you're responsible only for the first $50 if your card is stolen, etc. and you report it promptly. But most Visa and MC issuers have a ZERO liability policy -- so if you report the fradulent charges to them right away and in writing, you won't have to pay for those charges. Paying $60/year for something you get for free is a rip-off. JMHO.
I have a fraud liability protection program that charges me $5 a month. Maybe i should keep this activated and just pay it off each month to show activity and on time payment history. Agree?FYI : I cut the credit card into a million pieces so i dont have the temptation of using it!