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Frequent Contributor
Posts: 448
Registered: ‎04-26-2012
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Preventing CLDs

I know the recommendation that we should use our cards once in a while to keep them active. What sort of spending levels do we need to keep the high CLs though? I have a $10k CL on my Discover and I put only $200-300 on it every month. I do have a $1k or so of other spending that I put on my Green and BCP (for either the points or the cash back).

 

I figured at some point I might buy a laptop and use Discover since they too have a extended warranty plan and get some 5% cashback through their mall. Would it be preferrable for me to run perhaps a laptop and another thousand perhaps one month, just to use that credit once? I would really hate for them to lower the limit due to non-use.

 

Ideas and advice appreciated!

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Contributor
Posts: 255
Registered: ‎08-24-2011
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Re: Preventing CLDs

[ Edited ]

I run token amounts on most of my cards(even Barclays) and have not seen any CLD's. Then again I dont have 10k limits either but I dont think it matters as long as there is some use. Im sure others in similar situations with those limits can chime in.

*USAA WORLD MC 12k* *USAA VISA 12k* *AMEX BCE 6k* *DISCOVER IT 11.5k* *AMEX ZYNC* *B of A SIGNATURE CASH 15k* *NAVY FEDERAL PLATINUM 20k* *CITI DOUBLE CASH 15k* *Veridian CU 14k* *Barclays Apple 12.5k*

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Preventing CLDs

I would think if you run 1k or so through it every other month that should be sufficient.



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Frequent Contributor
Posts: 448
Registered: ‎04-26-2012
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Re: Preventing CLDs


LS2982 wrote:
I would think if you run 1k or so through it every other month that should be sufficient.

I could do it once or twice a year but I'd rather collect points on my AMEX, ha.

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Preventing CLDs

I go long stretches without using discover. I have seen no issues so far.

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Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
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Re: Preventing CLDs

I can't speak for Discover, but I run $15 a month through my BofA US Airways card and they haven't CLDed me yet. I've never run any money through my other card with them, so it seems that's enough to keep them happy.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
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Moderator Emeritus
Posts: 12,926
Registered: ‎12-30-2011
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Re: Preventing CLDs

If for some reason I really wanted the Discover line, I'd occasionally goose it like once a year or something.

 

That said, I just don't see Discover as a competitve lender in the upper echelons, other than the CL the rewards are the same as you can obtain around FICO 640 these days... Amex is a much better lender in the long run to have a relationship with, and I think I'd do exactly what you're doing: wrapping my arms around them and calling it good.

 

 

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Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Preventing CLDs


Revelate wrote:

If for some reason I really wanted the Discover line, I'd occasionally goose it like once a year or something.

 

That said, I just don't see Discover as a competitve lender in the upper echelons, other than the CL the rewards are the same as you can obtain around FICO 640 these days... Amex is a much better lender in the long run to have a relationship with, and I think I'd do exactly what you're doing: wrapping my arms around them and calling it good.

 

 


 

Agree here. There are a few things I use discover for... when I shop at Sam's club they don't take visa so I use either discover or my husbands mastercard. I used discover travel desk to get 5% cash back on a cruise. I have used the BT before but the fee is high so I haven't done that very often. Other than that discover stays in the sock drawer. I will never close it because its my oldest tradeline and it isn't subprime.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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