Reply
New Member
ahayes24
Posts: 4
Registered: ‎09-10-2012
0

Old Navy card

So I have a quick question. I use to work at Old navy and decided to apply for an Old navy card. I got approved with a really low limit ( I think $200). Within about a month my limit had gone up to about $400. I started using it more (paying it off in full every month) but I was seeing myself getting into trouble and decided to stop using it. I haven't used it in about a year. I recently got a copy of my credit report and that card is still open. I thought it would be closed by now just becasue when I worked at Old Navy they would close accounts that hadn't been used between 6 months to 1 year. I'm just wondering if I should close it myself or leave it open and hopefully eventually Old Navy/GE will close it for me. 

Chase +1: $500 (Aug '08); Discover Student More: $2750 (Aug '11); HH Gregg: $2,500 (Jul '12), Old Navy Card $700 (May '11)
Scores: TU: 724, EQ: 659, EX: 656
Student Loans: $50,000
Goal: Score of 750 across all 3
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Old Navy card

Leave it open.   It's aging and you are still getting the Util listed from it.  Even if they do close it it will stay on as a good account for 10 years and add to you AAoA.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
apandabear
Posts: 200
Registered: ‎03-15-2012
0

Re: Old Navy card


Shogun wrote:

Leave it open.   It's aging and you are still getting the Util listed from it.  Even if they do close it it will stay on as a good account for 10 years and add to you AAoA.


+1

 

Agree 100%

2009-10 - C/Os
2011 - Debts paid, no open credit
2012 - Rebuilding started, secured cards opened, SL rehabbed - EQ myFICO 636
2014 - 10k Discover, 3.5k Freedom, AmEx Green, SL, Auto Loan - EQ myFICO 695
Super Contributor
CS800
Posts: 6,552
Registered: ‎04-07-2008
0

Re: Old Navy card

Go there and buy a $10 t shirt to keep the account active.

 

No AF = keep it open but every 4 months or so buy something there.




New Member
ahayes24
Posts: 4
Registered: ‎09-10-2012
0

Re: Old Navy card

I cut up the card haha so I would have to request a new card but I think I will do that. Thanks for the advice everyone!

Chase +1: $500 (Aug '08); Discover Student More: $2750 (Aug '11); HH Gregg: $2,500 (Jul '12), Old Navy Card $700 (May '11)
Scores: TU: 724, EQ: 659, EX: 656
Student Loans: $50,000
Goal: Score of 750 across all 3
Regular Contributor
roxy382
Posts: 129
Registered: ‎01-09-2012
0

Re: Old Navy card

You could probably get a decent CLI from it also. (GE is almost always a SP to my knowledge) Like the others said, SD it and use it once every 4 months

In My Wallet: Amazon (5/2011) $2200 -- CareCredit (9/11) $4200 -- Capital One Green Cash Rewards (01/12) $3000 -- Citi Forward (1/12) $2500 -- Walmart Store Card (1/12) $1100 -- Maurices (8/12) $200

Starting Score: EX 567 9/13/2010
Current Score: EX(FAKO) 639 EQ(FAKO) 628 TU(FAKO) 662 11/13/2012
Goal Score: 750
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Old Navy card

Get a CLI and NEVER charge it up again. What Ive done with a lot of my GE cards is charge s'thing on them that's super cheap... Or I'll spend 50-100 so that even if I onlu make the min, it's paid off in time for a CLI. Haha
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Old Navy card

Keep it open! Buy something cheap every 3 month's or so.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011
0

Re: Old Navy card

Your ON can upgrade to a Visa. I used my ON very infrequently, but did CLI every 4 mos after reading about it here. It went from $200 CL to $1500 in 1 yr and then on 1 yr anniv, upgraded to $4k visa. Just a thought.

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!


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+
}