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If I pay down and stop using a CC, could/will they cancel it?

Moderator Emerita

Re: If I pay down and stop using a CC, could/will they cancel it?

We ADHD'ers learn to find solutions that KISS! ("keep it simple, stupid" ) Smiley Wink Smiley Very Happy
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 11 of 16
Valued Contributor

Re: If I pay down and stop using a CC, could/will they cancel it?

Hauling that is a great Idea!  1 MC and 1 gas card each month - and rotate them.  Use the 4th MC to pay all house bills -- YES!!!!!!!  Great way to keep everyhthing active.
Now a member of the UNOFFICIAL 700 Club - Plus scores of 734-734-747
Message 12 of 16
Frequent Contributor

Re: If I pay down and stop using a CC, could/will they cancel it?

Great ideas everybody!
 
Amex definitely loves to cancel due to inactivity.
 
No sense in keeping a card open if it's not helping anybody.  This even goes for annual fee charge cards.  They don't care about the annual fee, they want you charging.
Time is credit's best friend...it can heal any wound.
Message 13 of 16
Established Member

Re: If I pay down and stop using a CC, could/will they cancel it?

I like that idea, I'll give it some thought.  Only problem is I have like 8 cards, so maybe I'll use 2 each month or something.  Haven't figured this one all out yet. 
 
Thanks for the advice.
Message 14 of 16
Frequent Contributor

Re: If I pay down and stop using a CC, could/will they cancel it?



esfour wrote:
I like that idea, I'll give it some thought.  Only problem is I have like 8 cards, so maybe I'll use 2 each month or something.  Haven't figured this one all out yet. 
 
Thanks for the advice.



Yeah, I read another thread this good idea about cycling through cards.  That's definitely the best way to manage credit.  Sock Drawer majority and occassionally dust them off for some swipeage.
Time is credit's best friend...it can heal any wound.
Message 15 of 16
Highlighted
Established Member

Re: If I pay down and stop using a CC, could/will they cancel it?

Will do!
 
On a sidenote:  about $900 of the $4k or so I paid off of my CCs posted on my TC account today...   My TU and EX score popped 15 points each!  I can't wait for the other ~$3,100 and $1,000 in CLIs to hit! 
 
Love this forum.
Message 16 of 16