Reply
Frequent Contributor
Mailak
Posts: 415
Registered: ‎04-26-2012

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), Macy's (700).
Contributor
DVH1980
Posts: 245
Registered: ‎08-24-2011

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.

My wallet:
***Amex BCE 3k***USAA Platinum Visa 12k***Barclays Apple 7500k***Veridian CU 10k***Discover It 10k***Bank of America 8k***Amex Zync***USAA Patinum MC 12k***Navy Federal 20k
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Preventing CLDs

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



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
Frequent Contributor
Mailak
Posts: 415
Registered: ‎04-26-2012

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), Macy's (700).
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: Preventing CLDs

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

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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012

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
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Moderator
Revelate
Posts: 8,329
Registered: ‎12-30-2011

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.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge

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
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+