Reply
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Maintaining activity to avoid CLD

I have a Best Buy store card with a limit upwards of $8,000 through regular requests for CLI's.  However, I haven't used the card in several months and can't think of anything I need/want from BB at this time.  I'm concerned that they are going to do a CLD or close the acct. entirely for non-usage.

 

What if I bought something . . . . say a $2,000 laptop, charge it (of course).  Never even open the box and return it within the 14 days allowed for returns (before the statement cuts).

 

Would this show as activity on the card sufficient to avoid a CLD and/or closure?

 

Your thoughts please.


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Established Member
multimillionaire
Posts: 14
Registered: ‎07-05-2009
0

Re: Maintaining activity to avoid CLD

Do they charge a restocking fee? Why do you have to buy something so expensive....why not just get a few cheap items that you might want/need like DVD's, printer cartridges, etc.
New Contributor
Smrtshppr43
Posts: 68
Registered: ‎09-19-2008
0

Re: Maintaining activity to avoid CLD

They also sell books there, have coolers with softdrinks, etc. You could also order a giftcard to give to the next person you need a gift for.
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Maintaining activity to avoid CLD

[ Edited ]

multimillionaire wrote:
Do they charge a restocking fee? Why do you have to buy something so expensive....why not just get a few cheap items that you might want/need like DVD's, printer cartridges, etc.

Because I don't NEED DVD's, printer cartridges, etc.  And I big on not wasting money.

 

And no, they don't charge a restocking fee if returned within 14 days.

Message Edited by Itsmeagain on 07-08-2009 07:43 PM

Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Maintaining activity to avoid CLD


Smrtshppr43 wrote:
They also sell books there, have coolers with softdrinks, etc. You could also order a giftcard to give to the next person you need a gift for.

(sigh) . . . . I don't NEED coolers or soft drinks, etc.  And when I give a gift it's almost always cash.  I'm 63 yrs. old.  I don't need much of anything.  I just want to maintain my credit for when I DO need something.

 

But, thanks for the suggestions.


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Established Member
multimillionaire
Posts: 14
Registered: ‎07-05-2009
0

Re: Maintaining activity to avoid CLD

Ok so spending $2000 on a computer you don't need is a better idea....i see :-)
Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
0

Re: Maintaining activity to avoid CLD

I have been charging small amounts 2 - 4% of the CL with no ill effects.  I dont know if that has help the situation but I still think PIF'ing is the best defense against CLD.
09/12/2013 FICO: EQ: 772 EX:813 TU:752
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Maintaining activity to avoid CLD

Use is the best defense against closure. I don't really think there is a defense against CLD. If they are probing their records and you don't measure up you are gonna get cut. If BB gets it in their mind that unless you meet a certain profile you are undeserving you will get reduced. That being said an $8K CL might be high on their minds. The good news is that store cards are usually much slower to reduce CL's or close accounts that a CC is. The bad news is we are talking HSBC. HSBC always likes to see use.

 

If you decide to make that large purchase and return it, be smart. Make sure the charge and the return show up in different billing cycles. :smileywink: Also, don't hassle the salesperson too much. I don't know if BB salespeople are on commission (Circuit City's were not), but if your guy is he will be charged back when you return the item.

Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: Maintaining activity to avoid CLD


Itsmeagain wrote:

I have a Best Buy store card with a limit upwards of $8,000 through regular requests for CLI's.  However, I haven't used the card in several months and can't think of anything I need/want from BB at this time.  I'm concerned that they are going to do a CLD or close the acct. entirely for non-usage.

 

What if I bought something . . . . say a $2,000 laptop, charge it (of course).  Never even open the box and return it within the 14 days allowed for returns (before the statement cuts).

 

Would this show as activity on the card sufficient to avoid a CLD and/or closure?

 

Your thoughts please.



It would probably show as activity on the account in terms of FICO regarding it a dormant account.

But I'm reasonably certain that HSBC would see that charge and then the credit for you returning the laptop and think, Uh-huh. I don't know that this would work for what you're hoping.

My sympathies --I now have a $4K BB store card, and it takes the assistance of massive amounts of chemicals and whatnot to make me go face their parking lot and their supremely unhelpful staff. Luckily, I like music, and I'm one of the 37 people left alive who still buy CD's rather than download, so I go buy a CD every now and then. But they don't carry the music I like, so this won't work for long.
* 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
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Maintaining activity to avoid CLD

One of the worst days of the last year had to be the day my local Circuit City store closed leaving me stuck with BB. The last BB store I was in that I liked was in WI - and that was 10+ years ago. Down here in S. Florida they are just dreck!

 

That being said one of the reasons CC went BK had to be that their floor people were not on incentive. Since they took away the salesperson's incentive payments the path for CC was straight down. You can get $10/hr if you are knowledgable and work hard -or- you can get $10/hr and be a do-nothing dweeb. Not quite good business I think!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}