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New Member
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
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Moderator
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.


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Regular Contributor
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
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Super Contributor
Posts: 6,569
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
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
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
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
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Old Navy card

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



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Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Senior Contributor
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.

 

 

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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!

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