Letter from Sears MC advising they will CLD if I don't use my card by Feb

[krielly]

Received a letter this week from Sears advising my card has been inactive (almost 2 years now, I believe) and so they will be reducing my CL from 5K to 2.1K unless I use it between now and February.

Debating..........may let it simply CLD or close it. Not a very beneficial card to me.....I have approx 50K in total CL with my other cards. Not really needed, but still feel reluctant to close it.......

Hmmmmmmmm......

K

PS: they did offer me a 20% off statement credit on a non-Sears purchase between now and the end of Dec. Maybe I should just take advantage of that and utilize the card as they requested.

[gdale6]

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@krielly wrote:

Received a letter this week from Sears advising my card has been inactive (almost 2 years now, I believe) and so they will be reducing my CL from 5K to 2.1K unless I use it between now and February.

Debating..........may let it simply CLD or close it. Not a very beneficial card to me.....I have approx 50K in total CL with my other cards. Not really needed, but still feel reluctant to close it.......

Hmmmmmmmm......

K

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Well if you are going to close I would do so before the CLD looks better closed with the higher limit.

[taxi818]

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@krielly wrote:

Received a letter this week from Sears advising my card has been inactive (almost 2 years now, I believe) and so they will be reducing my CL from 5K to 2.1K unless I use it between now and February.

Debating..........may let it simply CLD or close it. Not a very beneficial card to me.....I have approx 50K in total CL with my other cards. Not really needed, but still feel reluctant to close it.......

Hmmmmmmmm......

K

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So you are saying you cannot use any new socks or underware? You don't even have to leave home. Simply go online, order 3 pair of socks and have them ship and be done with it. it can't be that hard. Something to be said about letting old cards age anymore. Sorry I forget this is the internet age.

[myjourney]

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@gdale6 wrote:

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@krielly wrote:

Received a letter this week from Sears advising my card has been inactive (almost 2 years now, I believe) and so they will be reducing my CL from 5K to 2.1K unless I use it between now and February.

Debating..........may let it simply CLD or close it. Not a very beneficial card to me.....I have approx 50K in total CL with my other cards. Not really needed, but still feel reluctant to close it.......

Hmmmmmmmm......

K

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Well if you are going to close I would do so before the CLD looks better closed with the higher limit.

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^^^^^^^^^^^^^^^^^This^^^^^^^^^^^^^^^^

All day long ^^^^^^^^^^

You're not using it so it serves no purpose ....close the card you've already moved on from Sears

[Involver]

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@krielly wrote:

PS: they did offer me a 20% off statement credit on a non-Sears purchase between now and the end of Dec. Maybe I should just take advantage of that and utilize the card as they requested.

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Off of any  purchase?

[krielly]

Taxi818.......your post made me smile

[LadyJEsq]

I'd take the 20%!  If you do, be sure to confirm the max credit first.

[krielly]

I believe so.....need to double check the letter at home......that's almost worth the spend right there.......more xmas shopping........"Check"!!!!!

[krielly]

I must say........I DO appreciate the advanced notice from Sears...and the opportunity to prevent it if I choose.....Can't complain there.

[CreditMagic7]

Well my take on this is at least they extended a friendly courtesy to tell you in advance what to expect.